Kentucky Executive Bonus Plan

State:
Multi-State
Control #:
US-CC-20-221D
Format:
Word; 
Rich Text
Instant download

Description

20-221D 20-221D . . . Stock Bonus Plan Board of Directors has authority to determine which key employees shall be awarded stock bonuses, amounts of bonuses, number of shares of common stock to be awarded, and all other terms and provisions of each bonus. Bonus awards are based on attainment of specified types and combinations of performance measurement criteria, which may differ as to various employees
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FAQ

State government has a semi-monthly pay schedule, which means employees are paid twice per month. As an employee of the state, you will receive your pay on the 15th and the 30th of each month unless the payday falls on a weekend or holiday.

The Back to Work Incentive Program provides a one-time payment of $1,500 to eligible applicants who re-enter the workforce between June 24, 2021 and July 30, 2021, and have an active (non-fraud) unemployment claim and has requested weekly payments as of June 23, 2021.

US companies raised their budgets for employee salary increases by an average of 4.4 percent in 2023. That's the highest year-over-year growth since 2001.

Salaries for Kentucky's elected officers The current officeholders all make the exact same amount of money ? down to the cent ? at $148,108.56 a year. This means that if Cameron wins the governor's race, he'll get over a $25,000 per year pay bump.

The biennial budget bill passed by the legislature in 2022 gave all state workers an 8% raise in the 2023 fiscal year, with another $200 million to be allocated in the current fiscal year, contingent on a comprehensive salary and classification study by the Personnel Cabinet.

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Kentucky Executive Bonus Plan