Common use of Hourly Wages Clause in Contracts

Hourly Wages. (Part-Time)‌ The compensation schedule shall be in effect for the term of the contract as listed below: FY20180-FY2020 SSECCA Level Minimum Midpoint Maximum 15 $26.54 $40.34 $54.14 14 $23.06 $35.05 $47.04 13 $20.03 $30.45 $40.86 12 $17.40 $26.45 $35.50 11 $15.12 $22.98 $30.84 10 $13.13 $19.96 $26.79 9 $11.83 $17.98 $24.13 8 $11.26 $17.12 $22.97 7 $10.82 $16.45 $22.07 Range = 104.0% Part-time employees, employed by the College as of January 2nd, 2018, will receive a one-time non-compounding payment of $450 per employee no later than March 3rd, 2018. Thereafter, each employee shall receive the following increases, not to exceed the maximum rate of pay for their classification level: • July 1, 2018 2.00% • July 1, 2019 2.75% Employees who are scheduled to receive an increase in their salary/rate of pay that would exceed the maximum of the compensation schedule for their grade shall move instead to the maximum rate of pay for their grade. Then, calculate the actual dollar increase for the entire year (using 1560 as the number of hours for the year). If that value is less than $750, an additional payment shall be made for the difference between that value and $750. If that value is over $750, no additional payment shall be made. Employees who have remained at or above the maximum of the compensation schedule for at least one (1) year shall receive an annual contribution to their 403(b) or 457(b) account or receive the same payment subject to federal and state taxes as follows: • July 1, 2018 $750 (Payable no later than August 15, 2018) • July 1, 2019 $750 (Payable no later than August 15, 2019)

Appears in 2 contracts

Samples: Letter of Agreement, Letter of Agreement

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Hourly Wages. (Part-Time)‌ Time) The compensation schedule shall be in effect for the term of the contract as listed below: FY20180-FY2020 SSECCA Level Minimum Midpoint Maximum 15 $26.54 $40.34 $54.14 14 $23.06 $35.05 $47.04 13 $20.03 $30.45 $40.86 12 $17.40 $26.45 $35.50 11 $15.12 $22.98 $30.84 10 $13.13 $19.96 $26.79 9 $11.83 $17.98 $24.13 8 $11.26 $17.12 $22.97 7 $10.82 $16.45 $22.07 Range = 104.0% Part-time employees, employed by the College as of January 2nd, 2018, will receive a one-time non-compounding payment of $450 per employee no later than March 3rd, 2018. 47 | P a g e Thereafter, each employee shall receive the following increases, not to exceed the maximum rate of pay for their classification level: level:‌ • July 1, 2018 2.00% • July 1, 2019 2.75% Employees who are scheduled to receive an increase in their salary/rate of pay that would exceed the maximum of the compensation schedule for their grade shall move instead to the maximum rate of pay for their grade. Then, calculate the actual dollar increase for the entire year (using 1560 as the number of hours for the year). If that value is less than $750, an additional payment shall be made for the difference between that value and $750. If that value is over $750, no additional payment shall be made. Employees who have remained at or above the maximum of the compensation schedule for at least one (1) year shall receive an annual contribution to their 403(b) or 457(b) account or receive the same payment subject to federal and state taxes as follows: • July 1, 2018 $750 (Payable no later than August 15, 2018) • July 1, 2019 $750 (Payable no later than August 15, 2019)

Appears in 1 contract

Samples: Letter of Agreement

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Hourly Wages. (Part-Time)‌ Time) The compensation schedule shall be in effect for the term of the contract as listed below: FY20180-FY2020 SSECCA Level Minimum Midpoint Maximum 15 $26.54 $40.34 $54.14 14 $23.06 $35.05 $47.04 13 $20.03 $30.45 $40.86 12 $17.40 $26.45 $35.50 11 $15.12 $22.98 $30.84 10 $13.13 $19.96 $26.79 9 $11.83 $17.98 $24.13 8 $11.26 $17.12 $22.97 7 $10.82 $16.45 $22.07 Range = 104.0% Part-time employees, employed by the College as of January 2nd, 2018, will receive a one-time non-compounding payment of $450 per employee no later than March 3rd, 2018. 47 | P a g e Thereafter, each employee shall receive the following increases, not to exceed the maximum rate of pay for their classification level: • July 1, 2018 2.00% • July 1, 2019 2.75% Employees who are scheduled to receive an increase in their salary/rate of pay that would exceed the maximum of the compensation schedule for their grade shall move instead to the maximum rate of pay for their grade. Then, calculate the actual dollar increase for the entire year (using 1560 as the number of hours for the year). If that value is less than $750, an additional payment shall be made for the difference between that value and $750. If that value is over $750, no additional payment shall be made. Employees who have remained at or above the maximum of the compensation schedule for at least one (1) year shall receive an annual contribution to their 403(b) or 457(b) account or receive the same payment subject to federal and state taxes as follows: • July 1, 2018 $750 (Payable no later than August 15, 2018) • July 1, 2019 $750 (Payable no later than August 15, 2019)

Appears in 1 contract

Samples: Letter of Agreement

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