The Cash Merit Award is a lump sum payment that is not added to the employee’s basic annual salary.
The eligibility period for Cash Merit Awards is 4/1/06 to 3/31/08.
An employee may receive more than one Cash Merit Award during Fiscal Year 2007-08.
The cumulative value of all Cash Merit Award payments earned in the eligibility period and paid in Fiscal Year 2007-08 may not exceed 5% of the employee’s basic annual salary for Fiscal Year 2007-08.
Cash Merit Awards to part-time employees are prorated based on the percentage of time worked at the time of eligibility.
Cash Merit Awards to employees on Voluntary Reduction in Work Schedule (VRWS) are not prorated.
Cash Merit Awards to employees on Sick Leave at Half Pay are based on the percentage of time worked prior to the leave.
Employees on Leave Without Pay and employees who have separated from the agency are eligible for Cash Merit Awards at the discretion of the agency.
For eligible employees separated from service prior to 4/1/07, the agency must enter the last date eligible as the Earnings Begin Date.
Cash Merit Awards are not included in the calculation of overtime.
Cash Merit Awards are pensionable.