ALGONQUIN – A new contract with the village’s police officers union might save about $100,000 over four years.
Village officials Tuesday approved a new contract with the local chapter of the Metropolitan Alliance of Police, which represents 36 employees.
Human Resources Director Todd Walker said he estimates the contract may save the village about $100,000 in salaries over four years.
Police officers will receive on average a 2 percent wage increase each year under the four-year deal. In previous contracts, police personnel in the union received a 3 percent increase a year, Walker said.
The pay increase is retroactive to May 1. The previous contract expired April 30.
Walker said the village looks at how the municipality’s salaries compare to other communities.
The new contract also allows the village to phase out the free health insurance it offers to police officers who have single coverage.
As new officers come on to the force, and if they take single coverage, they will have to pay 15 percent of the premium, Walker said.
Officers who have family coverage pay 15 percent toward their health insurance.
There are 10 to 11 police officers who presently take single coverage, but those numbers would go down if the officers get married and have children, Walker said.
“It’s making it equitable,” Walker said. “How many people get free insurance these days?”
If those officers contributed toward their health insurance, the village would save about $8,000, Walker said.
Walker said the village considered current economic conditions when negotiating the contract.
“The village was fiscally responsible in the agreement,” Walker said.