and a interest-free loan to the City is not retroactive pay
FYI… AN interest free loan
Sent from my iPad
Career ladder is NOT merit pay!! And retro pay that totals more than what’s owed due to compounding does not equal an interest free loan!!!
I think they mean thjat if we were owed 8 % from 2009-2011, we should get a lump sum for that amount upon approval and maybe even 3 yrs interest, not wait for it. One problem with the career ladder is how those people are chosen; I support alternative assignments as a concept.
[…] and merit pay differs. Although both may influence performance, incentives do so by offering pay to influence […]
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