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MERIT PAY PRAM FY 8687 <br /> OPTION I <br /> Full Merit Pay Program (Al, 5%1 or 72%) Two-thirds of employees eligible <br /> Salary Cost + Fringes Total Cost <br /> . 238,227 32,804 271,031 <br /> OPTION II <br /> Modified Merit Pay Program (21/2% 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 (21%, or 5%) One-third of employees eligible <br /> Salary Cost + Fringes Total Cost <br /> 119,113 16,401 135,514 <br /> OPTION IV <br /> Modified Merit Pay Program *(21/2%, or 5%, or 71i% awarded quarterly) Two-thirds of <br /> employees eligible <br /> Salary Cost + Fringes _ Total Cost <br /> 113,447 15,621 • _ 129/058 <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 />