From the N&O "All state employees will see their paychecks in May and June reduced by a total of one half of one percent of their annual salary. An employee making $50,000 per year would see his or her pay reduced a total of $250 during the next two months. An employee making $30,000 would see a salary cut of $150. In return, state employees will be given 10 hours of flexible time off, which they may take between June 1 and Dec. 31."
Perhaps I stand corrected. So you factor the .5% of your annual salary and that amount will come out of your paycheck between now and the end of June?
I am thinking that poster was doing annual salary, not monthly,for that amount..... <<insert edit>>>> crap, that's what you said....LOL....this stuff is hurting my head. The amount on $30,000 salary would be $150, but divided by 12. this stuff is hurting me head.
That would be in return for the .5% of annual pay that's taken away, right? 10 hours would be about 1/2 percent of a year's working hours, so it looks like this is just a way to do the math to make the furlough come out.
to be honest, no one here can read between the lines.....its such political mumbo jumbo. Bev words it like we are getting a gift, the 10 hours. In the last hour, I kid you not, I have gotten 4 different emails, with 4 different accounts of what is going on....2 are from Bev and they are conflicting. The one thing that is clear, is that .05% is being taken out of our salary, now whether that's monthly or annually, no one seems to be clear on.
I was just going by trianglegcfan's post from the N&O. It looks like everybody is getting 10 hours of unpaid leave over the next 2 months, and they are finding different ways to state the same thing. Normally, you get the same pay every pay period, right? Whether you have vacation days, sick days, paid holidays, etc., it's all the same? So to give you unpaid leave, they have to make a deduction from your regular pay to equal the amount of unpaid time. 10 hours is approximately 1/2 of one percent of a year's work, and that's what they are taking out over the next two months. But I could be wrong. (It would be the first time.)
I am interpretting it as .05% will be taken out of my annual salary, in 2 payments (may and june). and I am also interpretting it to be another .05% of 10 hours of time off without pay. (that's what it adds up to, a full 1% pay cut, actually about a 1.5% paycut).
All teachers and state employees' compensation will be reduced by an annualized amount equivalent to 0.5% over the remainder of the fiscal year..... Employees may use their flexible time off beginning June 1, 2009. All flex time must be taken by December 31, 2009.
Not sure if this is correct but what we have been told is that our May and June salaries would be reduced by 0.25% of our annual salary. So an 0.5% total cut from our annual salary. Most paychecks will be reduced from $75 - $200 each month. We will be given 10 hours of leave which must be taken after June 1st. I believe this is a way to do the unpaid leave without causing havoc with the benefits. The problem I see is that this should have been done earlier, so the reduction could have been spread over more pay periods.
Almost. It will be .5% in 2 payments. The 10 hours will be like payed time off that must be taken by the end of the year. You will just have a cut in your pay before you get the 10 hours.