Among several changes, the board modified and reduced the level of vacation time for executive staff.
The Committee on Executive Compensation and Succession, comprised
of trustees Brian Daughney and Dennis Donnelly and deputy mayor John Watras, proposed certain changes to
the executive compensation packages for members of the village's
The full board of trustees adopted these changes at its
Dec. 6 meeting. Trustee Daughney submitted these comments as chair of the committee:In summary, we eliminated the accrual of termination pay going
forward. Whatever has been earned will remain, but there will no longer
be any future accruals. We have eliminated cash payment for vacation
days not used. Similar to policies in the private sector, vacation days
not used will have limited carryover and if not utilized, will be
forfeited. We have also modified and reduced the level of vacation time.
As background, the Committee met several times and had numerous
discussions on this topic. It was the view of the Committee members that
these changes are necessary for several reasons. In no order of
importance, we believe that what may have been the historical reasons
for certain perks or benefits no longer exist given the current rate of
pay and salary and other benefits. We further believe that these changes
represent areas of compensation in the public sector that we, as
employers, need to try to change throughout the public sector.
We also believe that our executive staff has a role and function
similar to those in the private sector of senior management, and by
recommending these changes we believe we are adopting changes that are
reflective of benefits in the private sector.
The Committee members want to stress that we are, of course,
listening to the taxpayers of our village who have voiced loudly that
public sector compensation must be addressed and modified when
appropriate. I believe the board as a whole is also listening, and this
is reflected by the unanimous vote in favor of the changes.Submitted by trustee Brian Daughney on behalf of the Committee on Executive Compensation and Succession
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