(c ) Divide the merit pool dollars by the total number of “points” to determine the value of one “share”
Example: 1% of operating unit payroll = $45,000
$45,000 divided by 280 = @ $160
one (1) “share” = $160
Step 2: Distribute merit pool by performance rating, as follows:
(a) Employees receiving a rating of “5” shall receive a merit adjustment of one share multiplied by five (5):
Example: 5x $160 = $800
All employees in the operating unit receiving a rating of 5 would receive a merit adjustment of $800
(b) Employees receiving a rating of 4 shall receive a merit adjustment of one share multiplied by four(4):
Example: 4 x $160 = $640
All employees in the operating unit receiving a rating of 4 would receive a merit adjustment of $640
(c ) Employees receiving a rating of 3 shall receive a merit adjustment of one share multiplied by three(3):
Example: 3 x $160 = $480
All employees in the operating unit receiving a rating of 3 would receive a merit adjustment of $480
The numbers set forth above are included for illustrative purposes only, and are not intended to establish a guaranteed level of benefits as to any member of the bargaining unit.