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Instructions
for Employee New Classification Placement Pay Calculations
1.
Get your Current (Original) Range, Step, and Pay Rate.
If you do not have this information, your payroll
representative should be able to provide it for you. The pay rate needs to be the base rate in order
to do the estimates. Your original pay
is also considered the Former Actual Base Rate of Pay for later comparisons.
2.
Increment your Rate.
3.
Get your New Step and New Rate.
5.
Calculate Y-rating
If your Former Actual Base Rate of Pay is above the New
Rate, you are Y-rated. If your Original
Step is 10 or more (max Grade pay or more for PeopleSoft), and you are Y-rated,
you are eligible for the lump-sum mitigation including lost merit (step)
increase. This mitigation is
$5,625. If your Original Step is lower
than 10 (below max Grade pay for PeopleSoft) and you are Y-rated, you are
eligible for the lump-sum mitigation including lost merit (step) increase and
COLA. This mitigation is $11,250.
6.
Calculate Additional Steps
If you are in Group IT 1, you will receive 2 additional
steps to your step placement. If you are
in Group IT 2, you will receive 1additional step to your step placement.
7.
Calculate Retro
If your new job classification gives you an increase in
pay range from your
8.
Bargaining Dividend
All members covered under the new contract will receive
a $500 Bargaining Dividend.
9.
Calculate Additional Mitigations
If your salary was at Step 10 or above on your Christie
date, you are eligible for a lump-sum mitigation of $1,875. Group IT 1 has a Christie date of 5/02. Group IT 2 has a Christie date of 1/03.
If your range has increased by 9 or more levels (about
21.6% pay increase for PeopleSoft), you are eligible for a lump-sum mitigation
of $1,875.
An employee may receive only one of the Additional
Mitigations amounts. Also, the
Additional Mitigations amounts will be calculated by HR after all other
monetary payments have been calculated.