Compensation Distribution Pool. For the purpose of calculating the amount available in fiscal years FY 20 and FY 21 for EAGWIs and merit distributions out of the Compensation Pool as set forth in Article 12, the following procedures will apply: A) taking the totbSalaries of all bargaining unit members as of the first Thursday in April in the preceding fiscal year and B) deducting from that calculated number the totbSalaries of all bargaining unit members hired after December 31st of the preceding fiscal year and the totbSalaries of bargaining unit members participating in the Alternative Bonus Plans (ABP). i) In FY 20, the Compensation Distribution Pool shall be 5.5% of that resulting number or the Distribution Pool Floor, whichever is higher. ii) In FY 21, the Compensation Distribution Pool shall be 5.5% of that resulting number or the Distribution Pool Floor, whichever is higher. For the purpose of allocating the Distribution Pool or Distribution Pool floor (if used), the Pool shall be proportionally divided between the SOM and the SODM based upon the ratio of totbSalaries from each used to calculate the Distribution Pool; in this division the EAGWIs for faculty in the ABP will not be considered.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement