Just a reminder that
qualified GESD employees will receive the second of two equity payments this
week. The payout will be included in your regular pay this week (May 16).
The payments are the result
of last year’s Interest Based Negotiations (IBN) agreement. Under the
agreement:
Employees hired in:
- 2008-09 or before receive 3 percent of base as a bonus
- 2009-10 receive 2 percent of base as bonus
- 2010-11 receive 1percent of base as bonus
To qualify, employees must
be continuously employed by GESD, and does NOT include Board approved annual
leave of absence. No additional work is required.
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