…and now for the rest of the story
No pay increase for 2016-17
No withholding of extra money for retiree medical on January 1, 2017
Where is the State offered 12 percent and the Union wanted 22?
9.2 percent net increase over 4 years and $2,500 signing bonus!
This type of pay increase is more inline with reality but these are hardly the numbers used previously by the media or union.
What is the signing bonus? I’ve heard of incentive pay but this, who knows?
Link: SEIU Tentative Agreement Overview
Notes
The OPEB is the extra money withheld for retiree medical.
Fiscal year is July 1 to June 30