18-172 18-172 . . Director Stock Program which provides that, on first day of director's term, such director will be granted option to acquire 900 shares of common stock, and on first day of each subsequent year of director's term, he or she will be granted options to acquire 300 shares of common stock. Options are at fair market value on date of grant and are exercisable in full six months after date of grant. The Director Stock Program also provides that, on first day of director's term, he or she will be awarded right to purchase 450 shares of restricted stock, and on first day of the second and third year of such director's term, he or she will be awarded right to purchase 150 shares of restricted stock. Purchase price will be equal to par value of common stock
Wisconsin Director stock program
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First, let's set a baseline for raise sizing: Small raise: 1% Normal raise: 2-3% Good raise: 4-7%
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.
The 2023-25 proposal to adjust compensation of UW System employees constitutes increases of 4% and 2% to the budgeted salary base in July of each fiscal year, in ance with what was budgeted under 2023 Act 19 (the 2023-25 biennial budget) in compensation reserves.
Cost of living adjustments (COLA) are increases designed to offset inflation. The expected COLA for 2023 is 8.7%, meaning if you were going to give an employee an annual salary increase of $10,000, you would adjust that amount to $10,870 to account for inflation.
The 2023-25 proposal to adjust compensation of UW System employees constitutes increases of 4% and 2% to the budgeted salary base in July of each fiscal year, in ance with what was budgeted under 2023 Act 19 (the 2023-25 biennial budget) in compensation reserves.
By: Christina Lieffring - October 11, 2023 am. On July 1, Wisconsin's biennial budget went into effect, granting all state employees a 4% pay raise in 2024 and 2% for 2025.
