PAY, HOURS AND BENEFITS. 105. All base wage increases shall be rounded to the nearest whole dollar, biweekly salary for the employees covered by this agreement. 106. Represented employees shall receive the following base wage increases: Effective October 11, 2014: 3% Effective October 10, 2015: 3.25% Effective July 1, 2016, represented employees will receive a base wage increase between 2.25% and 3.25%, depending on inflation, and calculated as (2.00% ≤ CPI-U ≤ 3.00%) + 0.25%, which is equivalent to the CPI-U, but no less than 2% and no greater than 3%, plus 0.25%. In calculating CPI-U, the Controller’s Office shall use the Consumer Price Index – All Urban Consumers (CPI-U), as reported by the Bureau of Labor Statistics for the San Francisco Metropolitan Statistical Area. The growth rate shall be calculated using the percentage change in price index from February 2015 to February 2016. Effective July 1, 2017, represented employees will receive a base wage increase of 3%. Effective July 1, 2018, represented employees will receive a base wage increase of 3% unless the March 2018 Joint Report, prepared by the Controller, the Mayor’s Budget Director and the Board of Supervisors’ Budget Analyst, projects a budget deficit for fiscal year 2018-2019 that exceeds $200 million, in which case the base wage adjustment of 3% due on July 1, 2018, will be delayed by six (6) months until the pay period including January 1, 2019.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
PAY, HOURS AND BENEFITS. 105121. All base wage increases shall be rounded to members of the nearest whole dollar, biweekly salary for the employees covered by this agreement. 106. Represented employees shall bargaining unit will receive the following base wage increases: Effective October 11, 2014: 3% Effective October 10, 2015: 2015 3.25% Effective July 1, 2016, represented employees will receive a base wage increase between 2.25% and 3.25%, depending on inflation, and calculated as (2.00% ≤ CPI-U ≤ 3.00%) + 0.25%, which is equivalent to the CPI-U, but no less than 2% and no greater than 3%, plus 0.25%. In calculating CPI-U, the Controller’s Office shall use the Consumer Price Index – All Urban Consumers (CPI-U), as reported by the Bureau of Labor Statistics for the San Francisco Metropolitan Statistical Area. The growth rate shall be calculated using the percentage change in price index from February 2015 to February 2016. Effective July 1, 2017, represented employees will receive a base wage increase of 3%. Effective July 1, 2018, represented employees will receive a base wage increase of 3% unless the March 2018 Joint Report, prepared by the Controller, the Mayor’s Budget Director and the Board of Supervisors’ Budget Analyst, projects a budget deficit for fiscal year 2018-2019 that exceeds $200 million, in which case the base wage adjustment of 3% due on July 1, 2018, will be delayed by six (6) months until the pay period including January 1, 2019.
Appears in 1 contract
Samples: Memorandum of Understanding
PAY, HOURS AND BENEFITS. 105121. All base wage increases shall be rounded to members of the nearest whole dollar, biweekly salary for the employees covered by this agreement. 106. Represented employees shall bargaining unit will receive the following base wage increases: Effective October 11, 2014: 3% Effective October 10, 2015: 2015 3.25% Effective July 1, 2016, represented employees will receive a base wage increase between 2.25% and 3.25%, depending on inflation, and calculated as (2.00% ≤ CPI-U ≤ 3.00%) + 0.25%, which is equivalent to the CPI-U, but no less than 2% and no greater than 3%, plus 0.25%. In calculating CPI-U, the Controller’s Office shall use the Consumer Price Index – All Urban Consumers (CPI-U), as reported by the Bureau of Labor Statistics for the San Francisco Metropolitan Statistical Area. The growth rate shall be calculated using the percentage change in price index from February 2015 to February 2016. Effective July 1, 2017, represented employees will receive a base wage increase of 3%. Effective July 1, 2018, represented employees will receive a base wage increase of 3% unless the March 2018 Joint Report, prepared by the Controller, the Mayor’s Budget Director and the Board of Supervisors’ Budget Analyst, projects a budget deficit for fiscal year 2018-2019 that exceeds $200 million, in which case the base wage adjustment of 3% due on July 1, 2018, will be delayed by six (6) months until the pay period including January 1, 2019.six
Appears in 1 contract
Samples: Memorandum of Understanding
PAY, HOURS AND BENEFITS. 105. All base wage increases shall be rounded to the nearest whole dollar, biweekly salary for the employees covered by this agreement. 10687. Represented employees shall receive the following base wage increases: Effective October 11, 2014: 3% Effective October 10, 2015: 2015 3.25% Effective July 1, 2016, represented employees will receive a base wage increase between 2.25% and 3.25%, depending on inflation, and calculated as (2.00% ≤ CPI-U ≤ 3.00%) + 0.25%, which is equivalent to the CPI-U, but no less than 2% and no greater than 3%, plus 0.25%. In calculating CPI-U, the Controller’s Office shall use the Consumer Price Index – All Urban Consumers (CPI-U), as reported by the Bureau of Labor Statistics for the San Francisco Metropolitan Statistical Area. The growth rate shall be calculated using the percentage change in price index from February 2015 to February 2016. Effective July 1, 2017, represented employees will receive a base wage increase of 3%. Effective July 1, 2018, represented employees will receive a base wage increase of 3% unless the March 2018 Joint Report, prepared by the Controller, the Mayor’s Budget Director and the Board of Supervisors’ Budget Analyst, projects a budget deficit for fiscal year 2018-2019 that exceeds $200 million, in which case the base wage adjustment of 3% due on July 1, 2018, will be delayed by six (6) months until the pay period including January 1, 2019.
Appears in 1 contract
Samples: Memorandum of Understanding