Cost of Living/Merit Adjustment. 1. Provided that the Governor and Legislature approves the necessary funding for a Cost of Living Adjustment (COLA) and/or Merit Pay adjustment, the University shall provide COLA and/or Merit Pay increments in the same form, amounts, and dates as that approved by the USM and its Chancellor for non-exempt employees. Nothing in this section shall preclude the UMB and AFSCME from negotiating COLA and/or merit increases greater than that determined by the USM.
Appears in 5 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
