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
Michigan Executive Bonus Plan
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Multi-State
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US-CC-20-221D
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Word;
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FAQ
A typical executive compensation package has financial and non-financial components. They are salary, benefits, bonuses and equity. Commonly, an executive would get more amount of equity than a normal worker and a normal worker quite often wouldn't get any equity in a private company.
Jon Braeutigam - $535,040 Braeutigam has worked as the Chief Investment Officer for the Michigan Department of Treasury since 2008 and is the highest paid state employee.
Bonus Programs: Eligible employees with five years of service also receive annual longevity bonuses that grow as seniority increases.
Finding workers might get a little better now that the Michigan legislature has approved a new letter of understanding (LOU) covering highly skilled workers, granting them a 27% raise by end of 2025 ? 20% from the skilled worker pay scale increase and 7% from an across-the-board increase secured in the regular contract ...
The Commission approved a 2 percent base pay increase of your salaries effective October 1, 2023. The Commission also applied many changes to employee and retiree insurance rates. Follow the link Here for more informaiton.
The average State of Michigan salary ranges from approximately $38,026 per year for an Office Assistant to $117,743 per year for a Director. The average State of Michigan hourly pay ranges from approximately $18 per hour for an Office Assistant to $54 per hour for a Senior Project Manager.
