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• <br /> MERIT PAY PROGRAM FY 86-87 <br /> OPTION I <br /> Full Merit Pay Program (21%,. 5%, or 7A%) Two-thirds of employees eligible <br /> Salary Cost + Fringes <br /> Total Cost <br /> 238,227 32,804 - . <br /> 271.031 <br /> OPTION II <br /> Modify'ed Merit Pay Program (2z% only) Two-thirds of employees eligible <br /> (Salary Cost + Fringes Total Cost <br /> 178,670 24,602 203,272 <br /> OPTION III <br /> Modified Merit Pay Program (212%, 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 /> Modified Merit Pay Program *(2k%, or 5%, or 71/2% awarded quarterly) Two-thirds of <br /> employees eligible . <br /> Salary Cost . + Fringes o <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 />