All Covered Employers shall pay no less than the Fair Employment Wage to Covered Employees. Determination of the Fair Employment Wage shall be in accordance with the following:
   (a)   Amount of Fair Employment Wage.
      (1)   The Fair Employment Wage is established as $15.00, shall be calculated on an hourly basis and shall be paid effective the dates listed.
      (2)   Thereafter, the Fair Employment Wage shall be adjusted by the City of Lakewood on an annual basis, beginning January 1, 2022 and each year thereafter in proportion to the Consumer Price Index for Northeast Ohio, as published by the Bureau of Labor Statistics, U.S. Department of Labor.
   (b)   All employees working for the City shall be paid at least a Fair Employment Wage.
(Ord. 15-2021.  Passed 5-17- 21.)