Common use of Red Circled Rates Clause in Contracts

Red Circled Rates. 1. Members whose salary or pay rate for a position as of the date of ratification of this Agreement is higher than that provided in this Agreement shall continue to receive the higher rate for the work in that position until the expiration of this Agreement or until this Agreement would provide for a higher rate, whichever occurs first. 2. A member hired before the date of ratification of this Agreement who receives no increase in pay rate for a bargaining unit position during an academic year because the member was red circled or at the top Step of the scale prior to the start of the academic year will receive the following compensation for each academic year in which they receive no other increase in pay rate for the position: a. An amount equal to 1.5 percent of the member’s earnings from that position during the 2016-17 academic year, to be paid during September 2017. b. Effective at the start of the first full payroll period of the 2017-18 academic year, the member’s base rate shall be increased by 1.5 percent over the rate in effect during the previous academic year. c. Effective at the start of the first full payroll period of the 2018-19 academic year, the member’s base rate shall be increased 1.5 percent over the rate in effect during the previous academic year. d. An amount equal to 1.0 percent of the member’s earnings from that position during the 2019-20 academic year, to be paid during September 2020.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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