2015 Classification and Compensation Study Sample Clauses

2015 Classification and Compensation Study. Effective the first full pay period occurring on or after January 1, 2016, the Compensation Study will be implemented as follows: The Human Resource Department will assign the appropriate classification to each position in the county based on the job descriptions submitted by the Employing Official. The County Commissioners will have final approval to adopt the proposed classification and compensation changes. Employees and/or Employing Officials who believe a position is not properly classified may request review from the Director of Human Resources. Each employee will be placed into the pay grade for the new classification for their job title at the salary closest, but not less than, the employee’s current salary. If an annual wage increase is approved by the Board of County Commissioners for 2016 each employee will be placed into the new classification at the new pay grade and step prior to the annual increase taking affect. If the employee’s current pay rate is below the pay grade, the employee will be placed at the first step of the new pay grade. If the employee’s pay rate is above the new pay grade, the employee’s pay will be frozen at their current salary until the new classification catches up to the employee’s pay rate. The employee will then be placed at the top step of the new pay grade. If the employee’s current pay rate is below the mid-point (Step 7) of the new pay grade, the employee will receive a two (2) step increase (5%), effective on the employee’s anniversary date in the position. If the employee’s current pay rate is at step 7 or above, the employee will receive a one step increase (2.5%), effective on the employee’s anniversary date in the position. Step increases will be received annually until the top step is reached, provided, the employee achieves the minimum performance score on their evaluation that entitles them to the step increase pursuant to the County evaluation system.
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2015 Classification and Compensation Study. Effective the first full pay period occurring on or after January 1, 2016, the Compensation Study will be implemented as follows: The Human Resource Department will assign the appropriate classification to each position in the county based on the job descriptions submitted by the Employing Official. The County Commissioners will have final approval to adopt the proposed classification and compensation changes. Employees and/or Employing Officials who believe a position is not properly classified may request review from the Director of Human Resources. Each employee will be placed into the pay grade for the new classification for their job title at the salary closest, but not less than, the employee’s current salary. If the employee’s current pay rate is below the pay grade, the employee will be placed at the first step of the new pay grade.

Related to 2015 Classification and Compensation Study

  • CLASSIFICATION AND COMPENSATION The parties hereto agree that the employees covered by this Agreement shall be considered engaged in the type of work and classification as set forth on Schedule A attached hereto and made a part hereof by reference.

  • How Are Contributions to a Xxxxxxxxx Education Savings Account Reported for Federal Tax Purposes? Contributions to a Xxxxxxxxx Education Savings Account are reported on IRS Form 5498-ESA.

  • A-E Compensation and Extra Work 1.5.1. For the PROJECTS/SERVICES authorized under this CONTRACT, A-E shall be compensated in accordance with the following:

  • How Are Distributions from a Xxxxxxxxx Education Savings Account Taxed For Federal Income Tax Purposes? Amounts distributed are generally excludable from gross income if they do not exceed the beneficiary’s “qualified higher education expenses” for the year or are rolled over to another Xxxxxxxxx Education Savings Account according to the requirements of Section (4). “Qualified higher education expenses” generally include the cost of tuition, fees, books, supplies, and equipment for enrollment at (i) accredited post-secondary educational institutions offering credit toward a bachelor’s degree, an associate’s degree, a graduate-level or professional degree or another recognized post-secondary credential and (ii) certain vocational schools. In addition, room and board may be covered if the beneficiary is at least a “half-time” student. This amount may be reduced or eliminated by certain scholarships, qualified state tuition programs, HOPE, Lifetime Learning tax credits, proceeds of certain savings bonds, and other amounts paid on the beneficiary’s behalf as well as by any other deductions or credits taken for the same expenses. The definition of “qualified education expenses” includes expenses more frequently and directly related to elementary and secondary school education, including the purchase of computer technology or equipment or Internet access and related services. To the extent payments during the year exceed such amounts, they are partially taxable and partially non-taxable similar to payments received from an annuity. Any taxable portion of a distribution is generally subject to a 10% penalty tax in addition to income tax unless the distribution is (i) due to the death or disability of the beneficiary, (ii) made on account of a scholarship received by the beneficiary, or (iii) is made in a year in which the beneficiary elects the HOPE or Lifetime Learning credit and waives the exclusion from income of the Xxxxxxxxx Education Savings Account distribution. You may be allowed to take both the HOPE or Lifetime Learning credits while simultaneously taking distributions from Xxxxxxxxx Education Savings Accounts. However, you cannot claim a credit for the same educational expenses paid for through Xxxxxxxxx Education Savings Account distributions. To the extent a distribution is taxable, capital gains treatment does not apply to amounts distributed from the account. Similarly, the special five- and ten-year averaging rules for lump-sum distributions do not apply to distributions from a Xxxxxxxxx Education Savings Account. The taxable portion of any distribution is taxed as ordinary income. The IRS does not require withholding on distributions from Xxxxxxxxx Education Savings Accounts.

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

  • Medical Benefits - Prescription Drugs Administered by a Provider (other than a pharmacist) This plan covers prescription drugs as a medical benefit, referred to as “medical prescription drugs”, when the prescription drug requires administration (or the FDA approved recommendation is administration) by a licensed healthcare provider (other than a pharmacist). Please note: Specialty prescription drugs meeting these requirements or recommendations are covered as a pharmacy benefit and not a medical benefit. These medical prescription drugs include, but are not limited to, medications administered by infusion, injection, or inhalation, as well as nasal, topical or transdermal administered medications. For some of these medical prescription drugs, the cost of the prescription drug is included in the allowance for the medical service being provided, and is not separately reimbursed.

  • Provision for Generation Compensation Grid unavailability in a contract year as defined in the PPA: (only period from 8 am to 6 pm to be counted): Generation Loss = [(Average Generation per hour during the Contract Year) × (number of hours of grid unavailability during the Contract Year)] Where, Average Generation per hour during the Contract Year (kWh) = Total generation in the Contract Year (kWh) ÷ Total hours of generation in the Contract Year. The excess generation by the SPD equal to this generation loss shall be procured by the Buying Utility at the PSA tariff so as to offset this loss in the succeeding 3 (three) Contract Years.

  • Reporting Subawards and Executive Compensation a. Reporting of first-tier subawards.

  • Reporting Compensation (a) Reporting time is the time designated or recognized as the start of the daily workshift or weekly work schedule.

  • Developer Compensation for Emergency Services If, during an Emergency State, the Developer provides services at the request or direction of the NYISO or Connecting Transmission Owner, the Developer will be compensated for such services in accordance with the NYISO Services Tariff.

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