For 2020-2023 Sample Clauses

For 2020-2023. The LACCD Board of Trustees (“The District”) and the Building and Construction Trades Council (“The Union”) agree to a three-year salary agreement for fiscal years 2020-2021, 2021-2022, and 2022-2023. If the District receives COLA that is above 0% that is approved, funded and provided by the State for the Fiscal years 2020-21, 2021-2022, 2022-2023, the District will allocate 100% towards the base salary. The same percentage increase will be allocated to salary differentials in respective years. Wage Parity. Should another bargaining unit receive more in wages as defined in the section above, during the term of the agreement, said difference shall be applied to this bargaining unit. The District and the Union have agreed that before the salary augmentation is implemented, a 10% reserve, which is comprised of the contingency reserve and general reserve, must be identified by June 30th of each year (Fiscal years 2020-21, 2021-2022, 2022-2023). If the contingency reserve and general reserve are less than ten percent (10%) combined, the salary increase shall not be implemented.
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