ALAA Roots — An Unofficial Site

October 6, 2003

2003.10.06: Proposed Salary Increases In Annualized Percentages

M E M O

To:       ALAA Members

Fr:        Michael Letwin, CDD-Brooklyn, Former President (1989-2002)

Re:       Proposed Salary Increases In Annualized Percentages

Da:       October 6, 2003

 

 

The following table presents an annualized view of the proposed salary increases, which total a cumulative 8.75% over three years, the bulk of it (6%) in Year 3.

 

 

Proposed Salary Increases In Annualized Percentages (2002-2005)      

 

Y1 (10/1/02-9/30/03)

 

Y2 (10/1/03-9/30/04)

 

Y3 (10/1/04-9/30/05)

 

2.00

 

0.75[[1]]

 

6.00[[2]]

 


[1]That portion of the 7/1/04 3% increase that takes effect in Y2.

[2]2.25% (balance of 3% effective 7/1/04); 3% effective 10/1/04; .75% (that portion of the 7/1/05 3% increase that takes effect in Y3.

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