Kentucky Proposal to approve annual incentive compensation plan
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How to fill out Proposal To Approve Annual Incentive Compensation Plan?
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FAQ
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.
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.
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.
Annual incentive compensation for AEP executives was based on performance metrics weighted as follows in 2019: operating EPS at 70%, strategic initiatives at 20%, and safety and compliance at 10%.