NEW: Twin River Worldwide Holdings to Acquire Casino in Biloxi, MS

Monday, December 16, 2013

 

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Twin River Worldwide Holdings, (TRWH), parent company of Lincoln's Twin River Casino, has announced its intent to acquire Biloxi, Mississippi's Hard Rock Hotel & Casino. The purchase price, subject to adjustments, is $250,000,000.

The acquisition would geographically expand TRWH's gaming operations, and according to its Chairman, John E. Taylor, Jr., the company has been seeking to diversify its revenue base to better withstand industry and marketplace challenges. “Growing the business both organically and through acquisition solidifies our presence in Rhode Island and strengthens the company at an important time in our history as we brace for the eventual impact of Massachusetts casinos and racinos.”

Twin River Casino added table games to its floor in June, which contributed to the addition of more than 500 new jobs.  In September, they announced that they would add another 14 tables and 90 jobs by the end of the year. 

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“With a near laser focus on creating a positive guest experience at Twin River through the addition of table games and attentiveness to customer service, we’ve brought the business to financial stability in just three short years," Taylor continued. "We’re proud of the revenue we generate for the State and for the good paying jobs we provide, largely to Rhode Islanders. We now have the opportunity to broaden our focus to other markets which offer the opportunity for growth, and we see Mississippi in general and this property in particular as having exceptional value.”

More on Hard Rock

The Hard Rock Hotel & Casino, owned and operated by Premier Entertainment Biloxi LLC, a wholly owned subsidiary of Leucadia National Corporation, features a casino with 1,342 slot machines, 51 tables and 4 poker tables. The 12-story AAA-rated four diamond hotel has 325 rooms and suites with a spa, fitness center, pool and private cabanas. In addition, the Hard Rock is completing a new 154-room hotel tower, with expected completion in February 2014. The property offers five restaurants, including Ruth’s Chris Steak House and the Hard Rock Cafe.

“This is a premier property within the Biloxi casino market with incredibly strong name recognition thanks to the iconic status of the Hard Rock brand,” said Taylor. “Moreover, the property has a wonderful staff with deep roots in the community. We value the community involvement and corporate citizenship role we enjoy in Rhode Island, and look forward to replicating that level of commitment in the Mississippi community.”

The estimated completion date for the acquisition is June of 2014, subject to regulatory approvals. The closing is also subject to approvals by Hard Rock International. Twin River has secured committed financing for the transaction.

Taylor concluded, “This very deliberate growth strategy is intended to well position Twin River Worldwide Holdings as an important and successful company in the gaming industry as well as in the State of Rhode Island where we will continue to build our corporate headquarters. Our ownership group and management team are focused on creating value for all of our stakeholders; leveraging the competencies we have developed in Rhode Island into other markets but as importantly, bringing lessons learned in other jurisdictions back to our flagship casino, Twin River.”

 

Related Slideshow: City Employees with the Highest Salaries

How much does a top position in Rhode Island’s capital city fetch in pay and benefits? GoLocalProv has identified the 40 highest earners in the city (excluding school workers) by the amount of total compensation they receive. The data, which was provided by the city, breaks out pay in four categories: base pay, longevity, overtime, and details. City contributions towards three benefits are also shown: medical, dental, and retirement. In the below slides, the top 40 highest earning workers for fiscal year 2013 are listed from least to greatest.

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#40 Alyssa B. Deandrade

Department: Police

Position: Police Lieutenant

Total Compensation: $146,690.77

Pay

Base: $77,210.61

Longevity: $7,393.16

Overtime: $22,337.05

Detail: $24,533.14

Benefits (City Contributions)

Medical: $4,219.62

Dental: $421.72

Pension: $10,575.47

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#39 Arianne Lynch

Department: Mayor's Staff

Position: (Former) Deputy Chief Of Staff

Total Compensation: $147,159.76

Pay

Base: $127,507.25

Longevity: $0.00

Overtime: $0.00

Detail: $0.00

Benefits (City Contributions)

Medical: $12,534.60

Dental: $1,380.08

Pension: $5,737.83

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#38 Clarence A. Cunha

Department: Fire

Position: Acting Deputy Assistant Chief

Total Compensation: $147,372.06

Pay

Base: $91,807.36

Longevity: $7,949.52

Overtime: $18,839.30

Detail: $0.00

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $12,686.83

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#37 Kristopher S. Wright

Department: Fire

Position: Firefighter

Total Compensation: $147,585.09

Pay

Base: $58,663.74

Longevity: $4,447.53

Overtime: $48,507.28

Detail: $11,848.81

Benefits (City Contributions)

Medical: $14789.32

Dental: $1,299.74

Pension: $8,028.67

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#36 Thomas M. Miller

Department: Fire

Position: Fire Rescue Lieutenant

Total Compensation: $147,951.99

Pay

Base: $64,547.59

Longevity: $6,476.44

Overtime: $51,832.96

Detail: $0.00

Benefits (City Contributions)

Medical: $14789.32

Dental: $1,299.74

Pension: $9,005.94

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#35 Daniel Crowley

Department: Fire

Position: Deputy Assistant Fire Chief

Total Compensation: $148,230.56

Pay

Base: $93,692.88

Longevity: $9,855.21

Overtime: $17,904.62

Detail: $0.00

Benefits (City Contributions)

Medical: $12,534.6

Dental: $1,299.74

Pension: $12,943.51

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#34 Alan N. Lippacher

Department: Fire

Position: Fire Rescue Lieutenant

Total Compensation: $148,783.985

Pay

Base: $63,829.18

Longevity: $6,602.73

Overtime: $53,326.52

Detail: $0.00

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $8,936.495

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#33 David A. Soscia

Department: Fire

Position: Fire Battalion Chief

Total Compensation: $149,017.14

Pay

Base: $86,012.90

Longevity: $7,577.69

Overtime: $27,426.18

Detail: $0.00

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $11,911.31

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#32 Michael Krasnowiecki

Department: Fire

Position: Fire Captain

Total Compensation: $149,110.485

Pay

Base: $68,849.54

Longevity: $6,762.06

Overtime: $47,784.88

Detail: $0.00

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $9,624.945

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#31 Thomas E. Crowley

Department: Fire

Position: Fire Captain

Total Compensation: $149,965.63

Pay

Base: $69,535.07

Longevity: $7,177.86

Overtime: $47,429.98

Detail: $0.00

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $9,733.66

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#30 John P. Morgan

Department: Fire

Position: Firefighter

Total Compensation: $150,207.15

Pay

Base: $58,102.50

Longevity: $6,116.69

Overtime: $57,905.69

Detail: $3,847.12

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $8,146.09

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#29 Timothy S. Printer

Department: Fire

Position: Firefighter

Total Compensation: $150,731.68

Pay

Base: $58,369.52

Longevity: $6,115.36

Overtime: $61,938.32

Detail: $3,847.12

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $8,219.42

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#28 Adam Chuman

Department: Fire

Position: Firefighter

Total Compensation: $151,066.51

Pay

Base: $58,490.27

Longevity: $0.00

Overtime: $61,915.02

Detail: $7,149.18

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $7,422.98

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#27 Michael E. Correia

Department: Police

Position: Police Captain

Total Compensation: $151,421.89

Pay

Base: $81,206.12

Longevity: $8,538.4

Overtime: $36,811.50

Detail: $1,264.85

Benefits (City Contributions)

Medical: $11,083.47

Dental: $1,299.48

Pension: $11,218.06

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#26 Stephany Blackwell

Department: Fire

Position: Fire Rescue Technician

Total Compensation: $154,001.24

Pay

Base: $61,045

Longevity: $4,086.68

Overtime: $64,492.87

Detail: $0.00

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $8,287.63

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#25 David J. Duggan

Department: Fire

Position: Firefighter

Total Compensation: $154,416.91

Pay

Base: $59,196.60

Longevity: $5,559.42

Overtime: $55,445.58

Detail: $9,910.95

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $8,215.30

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#24 Joseph R. Desmarais

Department: Fire

Position: Deputy Assistant Fire Chief

Total Compensation: $154,544.52

Pay

Base: $91,623.12

Longevity: $9,079.63

Overtime: $27,402.94

Detail: $0.00

Benefits (City Contributions)

Medical: $12,534.60

Dental: $1,299.74

Pension: $12,604.49

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#23 William R. Kenyon

Department: Fire

Position: Fire Battalion Chief

Total Compensation: $154,611.78

Pay

Base: $83,959.36

Longevity: $7,290.02

Overtime: $35,718.41

Detail: $0.00

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $11,554.93

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#22 Bryan D. Hawkins

Department: Fire

Position: Fire Rescue Captain

Total Compensation: $155,608.63

Pay

Base: $69,542.14

Longevity: $6,601.81

Overtime: $41,215.01

Detail: $0.00

Benefits (City Contributions)

Medical: $27,303.36

Dental: $1,299.74

Pension: $9,646.56

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#21 Steven Pare

Department: Administration

Position: Public Safety Commmissioner

Total Compensation: $156,147.90

Pay

Base: $149,423.83

Longevity: $0.00

Overtime: $0.00

Detail: $0.00

Benefits (City Contributions)

Medical: N/A

Dental: N/A

Pension: $6,724.07

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#20 Eric E. Fallon

Department: Fire

Position: Firefighter

Total Compensation: $156,404.55

Pay

Base: $55,236.24

Longevity: $5,829.36

Overtime: $63,076.02

Detail: $8,430.13

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $7,743.74

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#19 Brian R. Chin

Department: Fire

Position: Firefighter

Total Compensation: $157,360.51

Pay

Base: $58,983.30

Longevity: $0.00

Overtime: $84,865.12

Detail: $0.00

Benefits (City Contributions)

Medical: $5,618.60

Dental: $421.46

Pension: $7,472.03

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#18 Carl H. Richards

Department: Fire

Position: Firefighter

Total Compensation: $157,878.05

Pay

Base: $57,446.04

Longevity: $6,115.36

Overtime: $64,351.37

Detail: $5,808.93

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $8,067.295

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#17 Fausto G. Garcia

Department: Police

Position: Police Officer

Total Compensation: $158,048.96

Pay

Base: $57,220.64

Longevity: $5,477.53

Overtime: $4,296.80

Detail: $70,833.77

Benefits (City Contributions)

Medical: $11,083.47

Dental: $1,299.48

Pension: $7,837.27

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#16 Thomas L. Cassin

Department: Fire

Position: Fire Captain

Total Compensation: $158,104.17

Pay

Base: $68,755.40

Longevity: $7,305.32

Overtime: $56,308.60

Detail: $0.00

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $9,645.80

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

Photo: Flick/401(K)2013

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#15 Thomas F. Oates, III

Department: Police

Position: Deputy Police Chief

Total Compensation: $158,736.47

Pay

Base: $116,423.81

Longevity: $12,378.08

Overtime: $0.00

Detail: $0.00

Benefits (City Contributions)

Medical: $12,534.60

Dental: $1,299.74

Pension: $16,100.24

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#14 Michael L. Pearis

Department: Finance Administration

Position: Director of Finance

Total Compensation: $159,370.71

Pay

Base: $139,192.37

Longevity: $0.00

Overtime: $0.00

Detail: $0.00

Benefits (City Contributions)

Medical: $12,534.60

Dental: $1,380.08

Pension: $6,263.66

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#13 Peter A. Tagliaferri

Department: Fire

Position: Fire Rescue Lieutenant

Total Compensation: $159,656.86

Pay

Base: $63,350.24

Longevity: $4,877.01

Overtime: $66,683.79

Detail: $0.00

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $8,656.76

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#12 Michael A. Legault

Department: Fire

Position: Firefighter

Total Compensation: $159,740.28

Pay

Base: $57,446.04

Longevity: $6,115.36

Overtime: $72,016.89

Detail: $0.00

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $8,072.93

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#11 Gregory D. Paolo

Department: Police

Position: Police Sergeant

Total Compensation: $160,715.32

Pay

Base: $70,277.64

Longevity: $6,818.24

Overtime: $30,025.64

Detail: $31,573.87

Benefits (City Contributions)

Medical: $11,083.47

Dental: $1,299.48

Pension: $9,636.985

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#10 Andre' M. Ferro

Department: Fire

Position: Firefighter

Total Compensation: $162,109.81

Pay

Base: $58,333.41

Longevity: $6,251.76

Overtime: $61,589.16

Detail: $11,668.47

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1299.74

Pension: $8,177.95

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#9 James P. Mirza

Department: Fire

Position: Deputy Assistant Fire Chief

Total Compensation: $164,737.13

Pay

Base: $91,623.12

Longevity: $9,722.85

Overtime: $36,888.57

Detail: $0.00

Benefits (City Contributions)

Medical: $12,534.60

Dental: $1299.74

Pension: $12,668.24

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

Photo: Flickr/Tax Credits

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#8 J. J. Varone

Department: Fire

Position: Acting Fire Battalion Chief

Total Compensation: $165,600.53

Pay

Base: $84,914.32

Longevity: $7,290.02

Overtime: $45,628.29

Detail: $0.00

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1299.74

Pension: $11,678.85

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#7 James S. Bennett

Department: Planning & Development

Position: Director of Economic Development

Total Compensation: $170,061.83

Pay

Base: $149,423.11

Longevity: $0.00

Overtime: $0.00

Detail: $0.00

Benefits (City Contributions)

Medical: $12,534.60

Dental: $1,380.08

Pension: $6,724.04

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#6 Zachariah Kenyon

Department: Fire

Position: Fire Rescue Lieutenant

Total Compensation: $172,514.51

Pay

Base: $63,589.71

Longevity: $4,877.01

Overtime: $79,272.01

Detail: $0.00

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $8,686.72

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

Photo: Flickr/401(K) 2013

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#5 Boyce Spinelli

Department: Water Supply Board

Position: General Manager, WSB

Total Compensation: $177,418.15

Pay

Base: $150,392.56

Longevity: $9,299.47

Overtime: $0.00

Detail: $0.00

Benefits (City Contributions)

Medical: $9,159.90

Dental: $1,380.08

Pension: $7,186.14

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#4 Hugh T. Clements, Jr.

Department: Police

Position: Police Chief

Total Compensation: $180,872.02

Pay

Base: $134,397.90

Longevity: $14,080.04

Overtime: $0.00

Detail: $0.00

Benefits (City Contributions)

Medical: $12,534.60

Dental: $1,299.74

Pension: $18,559.74

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#3 Luis F. Sanlucas

Department: Police

Position: Police Lieutenant

Total Compensation: $190,234.68

Pay

Base: $77,210.61

Longevity: $8,148.40

Overtime: $9,003.18

Detail: $72,819.67

Benefits (City Contributions)

Medical: $11,083.47

Dental: $1,299.48

Pension: $10,669.88

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#2 Michael D'Amico

Department: Mayor Staff

Position: Director of Administration

Total Compensation: $196,086.60

Pay

Base: $174,327.20

Longevity: $0.00

Overtime: $0.00

Detail: $0.00

Benefits (City Contributions)

Medical: $12,534.60

Dental: $1,380.08

Pension: $7,844.724

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

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#1 Vincent J. D'Ambra

Department: Fire

Position: Fire Rescue Captain

Total Compensation: $218,145.27

Pay

Base: $68,762.44

Longevity: $7,290.03

Overtime: $116,356.94

Detail: $0.00

Benefits (City Contributions)

Medical: $14,789.32

Dental: $1,299.74

Pension: $9,646.80

Note on Detail Pay: Details are normally funded by the private parties that require it. But some detail pay is funded directly by the city. Payroll data provided by the city Law Department does not distinguish between the two.

 
 

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