Contractor Employee Increase Allotment. $8,628.24 for FY 24 and $17,256.47 for FY 25 will be made available for the purpose of providing Compliance Monitoring Systems, LLC employees working on this contract with a $1.00 per hour pay increase, effective on July 1, 2023, and a subsequent $1.00 per hour increase effective on July 1, 2024. $4,314.12 (four thousand three hundred fourteen and 12/100) will be provided to Contractor as an up- front, lump-sum payment in both July and January of FY 24. $8,628.24 (eight thousand six hundred twenty-eight and 24/100) will be provided to Contractor as an up-front, lump-sum payment in both July and January of FY 25. No later than 30 days after the close of each six-month period, Contractor will provide State with a report (template to be provided by State) detailing employees employed during the six-month period, position of each employee, and the number of hours worked, and number of overtime hours worked during the quarter for each of those employees. This report will be used to reconcile the payment amount due for that six-month period with the up-front, lump-sum payment made at the beginning of that six-month period. The payment amount due will be calculated using the hours worked multiplied by the hourly wage increase, plus an additional 20% to account for additional pay-related expenses, such as increased employer taxes or retirement contributions. Should the amount due be greater than the initial up-front payment, the additional amount owed will be paid to Contractor with the next monthly invoice payment. Should the amount due be less than the initial up-front payment, the difference will be deducted from Contractor’s next monthly invoice payment. Once the total amount available has been expended, no additional payments will be made. This funding will no longer be available after June 30, 2025. These funds are not included in the overall contract max. As a part of contract monitoring processes, the department may request access to payroll records at any time, for any employee, for the purpose of verifying the raise was provided. Should sufficient funding be available, hourly wage increases in excess of the dollar amounts listed above are allowed, provided that priority is given to employees making less than $75,000 per year. These funds may only be used for wage increases and the associated employee benefits. They may not be used for bonuses or other operating expenses. Except as modified above, all other terms and conditions of Contract No. COR23-0408N...
