Maine Executive Officer One-Year Incentive Plan

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Control #:
US-CC-20-161F
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Word; 
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20-161F 20-161F . . . Executive Officer One-Year Incentive Plan under which each participant receives a cash award that is determined by a two-step process which considers both the performance of the corporation as a whole during the year and the individual performance of the participant
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FAQ

For example, if an employee has 19 years and 3 months service, the payment would be 3.25% rather than 2.25%. If the employee is reinstated, the balance of the longevity payment shall be made upon completion of additional service totaling 12 months since the last full longevity payment.

As of , the average hourly pay for an Entry Level in Maine is $14.86 an hour.

Longevity pay is an entitlement based on total state service. It is paid each month in addition to base salary. Longevity was first authorized as an employee entitlement on Sept. 1, 1979.

The median wage in Maine is 22.51 per hour. The top 10 percent of earners in Maine make an average of $28.04 per hour, while the bottom 10 percent earn an average of $15.87 per hour.

Confidential employees with twenty (20) years of State service are eligible to receive an annual longevity payment of $832.00.

Average State of Maine hourly pay ranges from approximately $15.88 per hour for Research Assistant to $75.00 per hour for Sonographer. The average State of Maine salary ranges from approximately $42,500 per year for Security Officer to $129,456 per year for Operations Associate.

Longevity pay amounts are computed by multiplying the employee's annual base salary rate as of the eligibility date by the appropriate percentage rounded to the nearest dollar in ance with the following table.

Average Salary in Maine Annual SalaryMonthly PayTop Earners$90,250$7,52075th Percentile$72,963$6,080Average$57,824$4,81825th Percentile$42,685$3,557

Confidential employees with twenty (20) years of State service are eligible to receive an annual longevity payment of $832.00. Confidential employees with twenty-five (25) years of State service are eligible to receive an annual longevity payment of $1,040.00.

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Maine Executive Officer One-Year Incentive Plan