On April 24, 2015 the Governor signed Senate Bill 15-234, commonly referred to as the FY 2015-16 budget bill, or Long Bill. According to this bill,听classified employees are eligible for a 1% Across the Board (ATB) - and a performance based merit increase (per the chart below).
All classified employees who are employed by the University prior to July 1, 2015 will receive the ATB increase, regardless of performance rating. The matrix for merit pay that is dependent on an employee鈥檚 performance rating and salary within the FY 2014-15 Compensation Plan:
Increases for classified employees will be implemented as follows:
- Any temporary pay differential is removed from base salary.
- An Across the Board (ATB) of 1% is applied as a base-building increase. If the employee鈥檚 salary is at the new range maximum, the ATB increase will be a non-base-building, one-time payment. If the total increase would cause the employee鈥檚 salary to be over the range maximum, a base building increase will be applied up to the maximum and any amount over the range maximum will be a non-base building, one-time payment.
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Merit increases for employees hired before April 1, 2015, are determined by the following matrix:
听 - After ATB and merit increases are calculated, the employee鈥檚 new adjusted salary will be placed into the new FY 2015-16 Compensation Plan:
If the salary is below the new minimum, a base-building increase will be added to bring the employee鈥檚 salary to the minimum of the salary range. If the salary is above the new maximum, the employee鈥檚 pay will be in saved pay status for up to three years, which means the employee鈥檚 pay will remain the same for three years and then be reduced to the range maximum if the range maximums do not change before that time.
- Temporary pay differentials, if applicable, are calculated and monthly salary is adjusted accordingly using departmental funds.
Classified employees are encouraged to review the on the website and/or contact HR at 303-492-6475 with questions.听