Illinois Proposal to Approve Directors' Compensation Plan with copy of plan
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How to fill out Proposal To Approve Directors' Compensation Plan With Copy Of Plan?
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FAQ
The agreement provides for a 4.0% pay increase retroactive to July 1. In all, base wages will rise 17.95% over four years. Other provisions include expanded parental leave to 12 weeks and new joint efforts to improve workplace safety.
Typically found in union and government work environments, a step rate-compensation structure presents the pay rate associated with each position (or a family of similar positions) and how it will increase incrementally over time (in steps).
CHICAGO (July 25, 2023) ? Gov. J.B. Pritzker along with the American Federation of State, County and Municipal Employees Council 31 announced the ratification of the newest AFSCME contract, retroactive to July 1. The contract includes 19.28% pay raises over four years with an annual average increase of 4.51%.
Pritzker grants 19% pay raises to state employees Pay increases in the 2023-2027 AFSCME contract far outpace the growth in private sector wages in recent years.
Code tit. 80 § 310.550. Effective July 1, 2022, each current merit compensation (includes broad-band) State employee shall receive a 3.95 % cost-of-living adjustment to the employee's base salary.
The new four-year contract was ratified by a 99% vote. It includes pay increases totaling 17.95% over the four-year term of the contract, as well as a $1,200 stipend to each bargaining unit member to be paid upon ratification of the contract.
Illinois law requires pay transparency in job postings. Illinois Governor J.B. Pritzker signed into law HB 3129, which, effective January 1, 2025, expands the Illinois Equal Pay Act (IEPA) to require that employers with 15 or more employees provide pay transparency in job postings.
The State of Illinois Deferred Compensation Plan (?Plan?) is a supplemental retirement program for State employees. Contributions to the Plan can be made on a pre-tax or Roth basis through salary deferrals.