Inflation and Competitive Pay Adjustment Sample Clauses

Inflation and Competitive Pay Adjustment. In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2023-2024, effective July 1, 2023, each eligible employee’s June 30, 2023, base rate of pay shall be increased by 5.0 percent to address elevated inflation and provide a competitive pay adjustment. This inflation and competitive pay adjustment shall be made before any other adjustments.
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Related to Inflation and Competitive Pay Adjustment

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

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