Downward Allocation Compensation Sample Clauses
Downward Allocation Compensation. An employee occupying a position that is reclassified to an existing class with a lower salary range shall be placed in the salary step in the new range which is closest to the current salary, provided such salary does not exceed the top automatic step of the new salary range.
Downward Allocation Compensation. An employee who elects to remain in a position that is reallocated downward will retain his/her previous salary. The employee will retain that salary until such time as he/she leaves the position or until the pay range of the new class catches up. The employee’s salary will then be placed at the step equal to or increased to the step closest to the employee’s salary.