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<br />CITY OF ELK RIVER <br />IMPLEMENTATION OF THE 2007 PAY PLAN <br /> <br />o Employees will receive 3% COLA on January I. <br /> <br />o No employee will be paid less than he/she is currently being paid. <br /> <br />o Employees whose 2006 pay plus 3% COLA falls within their 2007 pay range <br />will be placed in the 2007 pay plan and progress through their pay range until <br />they reach the top pay. Placement in the new plan is consistent with where the <br />employee's pay falls within the plan and not necessarily on a step. Employees <br />will move up one step July 1 of each year as long as they are performing <br />satisfactorily. <br /> <br />o Employees whose current pay plus 3% COLA exceeds the top of the new <br />pay range will receive increases equivalent to the COLA but their base pay (the <br />pay used to calculate next year's COLA) will increase by only one half of the <br />COLA percentage. Over time this will bring the employee's pay back in line with <br />the pay plan. <br /> <br />o Employees whose annual pay is $3,000 or less below step A of their pay <br />range shall move to step A on January I, 2007. <br /> <br />o Employees whose annual pay is more than $3,000 below step A of their pay <br />range shall receive 1/3 of the difference as a pay increase on January I, 2007, 1/3 <br />of the difference as a pay increase on July I, 2007, and the final 1/3 plus COLA to <br />put them on step A on January I, 2008. <br />