Common use of Y-Rate Clause in Contracts

Y-Rate. The following applies when an employee in a job classification ("former classification') has been reclassified or demoted to a different job classification ("new classification") and the employee's pay in the former classification exceeds the top pay step in the new classification: a. The employee will work in the new classification but will be paid at the pay step the employee occupied immediately prior to the reclassification or demotion. b. The employee's former classification pay will be frozen (i.e., no cost-of-living or other adjustments) until the top pay step of the new classification equals or exceeds the employee's frozen pay ("cross-over"). When the cross-over occurs, the employee will be placed at the top pay step of the new classification.

Appears in 4 contracts

Sources: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding