TOTAL COMPENSATION FORMULA Clause Samples
TOTAL COMPENSATION FORMULA. Total Compensation is determined by adding the weighted average of fixed cost benefits (medical, dental, vision, etc) and all rate-driven benefits (STRS, workers’ comp, Medicare, etc) to each step of the highest non-doctorate salary column for each district in the cohort. and Merced district will be used as alternates. Each of these districts must meet at least two of the following criteria: 1. located within 100 miles of YCCD, 2. multi-college district, 3. ranked within ten of YCCD on FTES, and 4. ranked within ten of YCCD on general fund apportionment.
TOTAL COMPENSATION FORMULA. For the duration of this Agreement, the annual adjustment to wages and benefits shall be determined in accordance with the following provisions:
1. The wage scale will be adjusted as follows:
a. Adjustments to the per‐pupil funding levels (base per‐pupil funding = $7,373):
i. For every whole $50 increase to the per‐pupil funding received by Vicksburg Community Schools, the wage scale will be increased by 0.5%. The base per pupil funding for 2010‐2011 is assumed to be $7,373.
ii. For every whole $50 decrease to the per‐pupil funding received by Vicksburg Community Schools, the wage scale will be reduced by 0.5%. The base per pupil funding for 2010‐2011 is assumed to be $7,373.
b. Adjustments to the MPSERS retirement rate (base rate = 20.61%):
i. For every whole 1% increase to the retirement rate, the wage scale will be reduced by 0.5%
ii. For every whole 1% decrease to the retirement rate, the wage scale will be increased by 0.5%