Virginia 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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  • Preview Proposed compensation program for officers and certain key management personnel
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FAQ

Out of 111,704 state employees and 221 agencies, the median salary for a state employee was $62,038. Ronald Schmitz, a chief investment officer with the Virginia Retirement System, was the state's highest paid employee in 2022, earning $1,014,140.

School districts must match the 2% increase to access the funds for the raises. It also includes $115 million for 2% pay raises for state employees, including university workers, adjunct faculty, teaching assistants, state-supported local employees and Standards of Quality funded positions.

$54.6 million from the General Fund to give teachers and other school staff a 2% raise starting on January 1, 2024. This is on top of the 10% raise for teachers that the Governor proposed last year.

The budget also includes a 2% pay raise for teachers and state employees, including state-supported positions, adjunct faculty and teaching assistants at public colleges and universities. The raise comes on top of the 5% raise lawmakers approved in each year of the current two-year budget that ends June 30, 2024.

The average salary for a airline pilot in Virginia is $158,500 per year.

Out of 111,704 state employees and 221 agencies, the median salary for a state employee was $62,038. Ronald Schmitz, a chief investment officer with the Virginia Retirement System, was the state's highest paid employee in 2022, earning $1,014,140.

The deal sets aside nearly $55 million for the state's share of a 2% salary increase for teachers ? effective Jan. 1, 2024 ? adding to the 5% hike for the 2023 and 2024 fiscal years approved when the initial two-year budget plan was passed. School districts must match the 2% increase to access the funds for the raises.

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Virginia Proposed compensation program for officers and certain key management personnel