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MERIT PAY PROGRAM FY 86-87 <br /> • <br /> OPTION I <br /> Full Pay Program (22%, 5%, .or .71/2%) Two-thirds of employees eligible <br /> Salary Cost + • Fringes_ Cost <br /> 238,227 32,804! <br /> 271,031 <br /> OPTION II <br /> • <br /> Modifi' ed Merit Pay Program (21 <br /> z1 only) Two-thirds of employees eligible <br /> iSalary Cost + Fringes <br /> Total Cost. <br /> 178,670 24,602 - <br /> .. 203,272 <br /> OPTION III <br /> Modified Merit Pay Program (21%, or 5%) One-third of employees eligible <br /> Salary Cost + . ' Fringes = Total Cost <br /> 119,113 16,401 <br /> 135,514 <br /> OPTION N <br /> Modify'ed Merit Pay Program.*(21/2%, .or 5%, or 71/2% awarded quarterly) Two-thirds of <br /> employees eligible <br /> Salary Cost + • Fringes - <br /> ---^� Total Cost <br /> 113,447 - 15,621 <br /> 129,068 <br /> *Note: This option would provide for merit increases to be, awarded on the last day <br /> of each quarter for employee's anniversary date falling within the quarter. <br /> Aerrov <br />