•  Use Supervisor’s salary and office budget to support job creation
  Savings = $672,000 (**1)
•  No health coverage cost.
  Savings = $ 43,200 (**2)
•  No pension contribution.
  Savings = $ 70,000 – $210,000 (**3)
•  Lower pension payouts.
  Savings = $200,000 – $330,000 (**4)

**1 Estimated 4-year cost of hiring Business Facilitator/Economic Development Director @$120,000 a year +@40% in benefit costs = $168,000 per year.
Source: www.salaryexpert.com.
**2  Source: Cost of 4-year cost of health coverage for at @$900 per month. Source: Ventura County Budget.
**3  Source: Average Employer Contribution for VCERA is 14.85% of salary. Savings depend on how many terms new Supervisor serves. Source: “More Pension Math”; Stanford Institute for Economic Policy Research; 2/21/12.
**4  Differential payout calculated for first 10-years of retirement. Savings depends on how many additional terms incumbent Supervisor serves.  Source: VCERA Pension Benefit Calculator