On February 2, 2016, the City entered into an Employment Agreement with Chip Rerig, to serve as the City Administrator. The current base salary of Mr. Rerig is $196,650 pursuant to the Second Amendment to the Employment Agreement.
In March, 2020, the City of Carmel-by-the-Sea, began grappling with the impacts of COVID-19, a deadly flu-like virus. The economic impacts of COVID-19 have caused a significant financial negative impact upon the City’s budget.
In an effort to contribute to the City’s necessary attempts to cut costs, City Administrator Rerig has requested that an amount equal to 10% (ten percent) of his annual base salary for 12 (twelve) months commencing June 1, 2020 through May 31, 2021 be reduced from the City’s contribution to his Section 457 deferred compensation program. The annual base salary of the City Administrator is $196,650 and 10% (ten percent) thereof is $19,665.00. The proposed Third Amendment to the Employment Agreement with the City Administrator reflects this reduction in the Section 457 deferred compensation program contribution and the resulting savings to the City of $19,665.00