Salary Savings (Decrements. Any net salary savings after replacement costs are considered resulting from unit member retirements or resignations will be included as a resource for the unit. Replacement cost is typically step one (1) for the vacated position but can be higher if the person hired to fill the vacated position is placed at a higher step. Savings for a position that is not filled within the year of vacancy will be calculated based upon the step 1 value for that position’s classification. Net salary savings may be used to:
Appears in 3 contracts
Samples: Service Employees, Service Employees, Service Employees
Salary Savings (Decrements. Any net salary savings after replacement costs are considered resulting from unit member retirements or resignations will be included as a resource for the unit. Replacement cost is typically step one (1) for the vacated position but can be higher if the person hired to fill the vacated position is placed at a higher step. Savings for a positions vacated at the end of the academic or fiscal year will be included in the calculation for the following year. Any position that is not filled within the year of vacancy including the decrement will be calculated based upon the step 1 value for that position’s classification. Net salary savings may be used to:
Appears in 3 contracts
Samples: www.losrios.edu, employees.losrios.edu, losrios.edu
