FY22 Sample Clauses
The FY22 clause defines the specific fiscal year, typically referring to the period from October 1, 2021, to September 30, 2022, depending on the organization's accounting calendar. This clause is used to clarify which financial year certain obligations, budgets, or reporting requirements pertain to within a contract or agreement. By specifying FY22, the clause ensures that all parties are aligned on the relevant time frame for performance, compliance, or financial tracking, thereby preventing misunderstandings about deadlines or applicable periods.
FY22 i. Effective the first full pay period after ratification, bargaining unit employees will receive the following wage increase:
1. Those currently earning $20.00 or less per hour, will receive an increase of $2.50 per hour.
2. Those currently earning between $20.01 and 30.00 per hour, will receive an in- crease of $2.00 per hour.
3. Those currently earning between $30.01 and $40.00 per hour, will receive an in- crease of $1.50 per hour.
4. Those currently earning more than $40.00 per hour, will receive an increase of $1.00 per hour.
ii. In addition, effective after ratification, PPNNE shall establish a step wage scale with 2% in between each step. A copy of the table with the appropriate classifications is attached.
iii. In addition, after the increases stated above, each bargaining unit employee will be placed into a step in their classification which is closest to their current rate of pay without de- creasing the current rate.
iv. Any bargaining unit employee who was employed on the date of ratification will have a wage of at least $18.00 per hour.
FY22 a. Effective on the date of ratification of this Agreement, all bargaining unit employees who were on the payroll on July 1, 2021 and who are still on payroll on the date of ratification will receive an increase in their base salary of three thousand five hundred dollars ($3,500) retroactive to July 1, 2021.
b. Back wages from July 1, 2021 shall be paid in a lump sum no later than the first pay period that occurs 30 days following ratification. The back wages of employees who came onto the payroll after July 1, 2021 and who are still on payroll on the date of ratification of this agreement will be pro-rated based on their start date.
c. The $3,500 increase will be prorated for term and FTE.
d. After the $3500 increase is applied, the minimum hire rate for employees in the CTS and PFS bargaining units will be $20/hour.
e. All bargaining unit employees earning less than $20/hour will be adjusted to at least the minimum hire rate. To avoid compression issues, additional adjustments will be made in accordance with the schedule outlined in a memorandum of agreement between the parties.
FY22. The College’s Full Time Faculty Salary Matrix will be increased/aged by one and one-half percent (1.5%) for each step as set forth in the attached Full Time Faculty Salary Matrix (“Matrix”), which is attached hereto and incorporated into the CBA with this Amendment. Bargaining unit employees whose salaries are on the College’s Faculty Salary Matrix, will remain at their current step, which will increase by one and one-half percent (1.5%) for FY22, as set forth in the attached Matrix. As an example, faculty currently on step 5 will remain on step 5 in FY22, but will receive a salary increase of one and one-half percent (1.5%) commensurate with the same increase set forth in the Matrix. See Matrix, attached as Exhibit 1. Bargaining unit employees whose salary is off the Matrix or “off-step” will receive a one and one-half percent (1.5%) increase to their salary for FY22. The attached Matrix will remain in effect going forward, unless changed as a result of future negotiations occurring under Article 42.3 or for a successor agreement.
FY22. The new Step 8 shall be increased by one percent (1.0%).