North Carolina Proposed compensation program for officers and certain key management personnel

State:
Multi-State
Control #:
US-CC-20-297A-NE
Format:
Word; 
Rich Text
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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

Permanent, full time employees employed on or before February 1 2024, and have maintained employment through April 5, 2024, will receive a retention bonus of $2,000.

The new state budget, which passed Sept. 22 and became effective on Oct. 3, included base salary raises ranging from 3.6 to 10.8% for teachers over the next two years ? with larger raises going to beginner teachers. The salary raises for all employees are retroactive to July 1.

The budget includes: A 4% pay raise in 2023 and a 3% raise in 2024 for most state employees, including non-certified school personnel, community college, and UNC employees. A 4% one-time supplement for retirees in 2023. A 5.5% pay raise in 2023 for employees on a step-pay plan and an additional 3% in 2024.

Salary Grade: NC08 Salary Range: $35,788 - $62,628.

It is the intent and purpose of this Chapter to establish for the government of the State a system of personnel administration under the Governor, based on accepted principles of personnel administration and applying the best methods as evolved in government and industry.

Retention Bonuses: Provides bonuses in FY 2023-24 to all state employees and state-funded local employees regardless of funding source.

The Republican-led General Assembly passed North Carolina's new $30 billion budget with bipartisan support on Friday, leading to the expansion of both Medicaid and private school vouchers through the Opportunity Scholarship Program.

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.

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North Carolina Proposed compensation program for officers and certain key management personnel