Mississippi Proposed compensation program for officers and certain key management personnel

State:
Multi-State
Control #:
US-CC-20-297A-NE
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Word; 
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This sample form, a detailed Proposed Compensation Program for Officers and Certain Key Management Personnel document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

Two separate 5% base pay increases have been approved over the next two fiscal years. The first increase will be effective July 1, 2023. The second increase will be effective September 1, 2024. Each increase will result in a minimum of a $3,000-dollar annual pay raise for all employees.

Jefferson City ? Today, Governor Mike Parson signed House Bill 14 into law. Also referred to as the Fiscal Year 2023 Early Supplemental Bill, HB 14 secures an 8.7 percent cost-of-living pay increase for all state team members and a $2 per hour shift differential for state congregate care staff.

Under the proposed budget, most state employees would receive a 4% salary increase for fiscal year 2023-24 and a 3% raise for fiscal year 2024-25.

? Summary. AN ACT TO DIRECT THE STATE PERSONNEL BOARD TO AMEND THE VARIABLE COMPENSATION PLAN AS NECESSARY TO AWARD A SALARY INCREASE TO EACH STATE EMPLOYEE WHOSE SALARY IS FUNDED BY THE STATE GENERAL FUND IN THE AMOUNT OF A 6% ACROSS-THE-BOARD INCREASE PER YEAR BEGINNING JULY 1, 2023; AND FOR RELATED PURPOSES.

COLA: Effective July 1, 2023, State regular and contractual employees, including Executive Pay Plan (EPP) employees, will receive a 2% COLA, except that employees who receive increases in ance with the Memorandums of Understanding for SLEOLA, MdTA Police and the BWI Firefighters.

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Mississippi Proposed compensation program for officers and certain key management personnel