Classified Compensation Plan FY 15-16
Summary Occupational Group changes Across the Board increases (ATB) Merit Increases Total Compensation Q & A
Occupational Group Adjustments Pay ranges within each Occupational Group were adjusted based on the FY Annual Compensation Report
Classified Increases Across-the-Board Increase Merit Pay Increase
Across-the-Board Increase Employee receives 1% salary increase to base pay This is for all employees hired as of July 1, 2015 Employees above the pay range maximum will receive the 1% ATB as a one-time, non-base building payment
Merit Pay Increase Merit pay increases are based on each employees’ performance and location within their respective pay ranges Level 2 and 3 performance ratings receive merit pay increases Level 1 is not eligible Quartile is determined based on the employee’s salary as of June 1, 2015 according to the FY compensation plan
Merit Pay Increase Employees hired after April 1, 2014, merit pay is prorated based on the months worked during the performance cycle (4/1/14 – 3/31/15) Employees hired after March 31, 2015 are not eligible for merit pay increase Employees in the 4 th quartile will receive a one time lump sum payment – merit pay will not be base-building
FY MSU Denver Merit Pay Table Performance Rating Quartile % Quartile % Quartile % Quartile % Above Range Maximum 3 –Exceptional 1.65% 1.45% 1.25% 1.05% 0.85% 2 –Successful 0.85% 0.65% 0.45% 0.25% 0.05% 1 –Needs Improvement 0.00% 0.00% 0.00% 0.00% 0.00%
Merit Adjustment – State Statute CRS (1)(1.5)(B) states, “Notwithstanding any provision to the contrary, an institution of higher education may enact its own merit pay system, so long as the system is consistent with the provisions of this subsection (1).”
Normal Distribution
MSU Denver’s Distribution
Total Compensation Annual and Sick Leave Employer paid portion of benefits PERA Fringe is 33% of total compensation
Reminder on Pay Date Change Reminder that your June 30 th paycheck will be paid on July 1 st instead of June 30 th Plan accordingly with your bank to delay payments if you have automatic payments coming out at the end of the month
Questions Contact Information: Angela Bender Extension
Example Program Assistant I Level 3 Rating June 1, 2015 salary$48, nd Quartile based on % Across the Board$ Total Salary + ATB$48, % Merit$ Total ATB +Merit – Salary$49,183.00