Common use of GENERAL PAY Clause in Contracts

GENERAL PAY. 2.1.1 Wage increases during the term of this agreement are based on the rate of growth in the total combined dollar amount of the Balanced Revenue Index (BRI) in the General Fund, not to exceed one half (i.e. 50%) of the year-over-year rate of growth. The BRI is comprised of the ▇▇▇▇▇▇▇ ▇▇▇▇▇ (1%) and any City of Riverside voter approved portion of the Sales Tax, the City’s portion of the Property Tax (general property tax only, excluding local measures), the Transient Occupancy Tax, and the Utility Consumption Tax. Payments will be based on audited financials for each fiscal year. 2.1.1.1 Effective the first pay period following January 1, 2018, the base salary shall be increased a minimum of zero percent (0%) and a maximum of six percent (6%) based upon 50% of the rate of growth of the BRI from fiscal year 2015-2016 to fiscal year 2016-2017. 2.1.1.2 Effective the first pay period following January 1, 2019, the base salary shall be increased a minimum of zero percent (0%) and a maximum of six percent (6%) based upon 50% of the rate of growth of the BRI from fiscal year 2016-2017 to fiscal year 2017-2018. 2.1.1.3 Effective the first pay period following January 1, 2020, the base salary shall be increased a minimum of zero percent (0%) and a maximum of six percent (6%) based upon 50% of the rate of growth of the BRI from fiscal year 2017-2018 to 2.1.1.4 Effective the first pay period following January 1, 2021, the base salary shall be increased a minimum of zero percent (0%) and a maximum of six percent (6%) based upon 50% of the rate of growth of the BRI from fiscal year 2018-2019 to fiscal year 2019-2020.