Akdom Posted 17 years ago
Vocabulary
Retroactive raise
quote:
White-collar workers in City Hall will receive long-awaited checks today for a retroactive raise that was negotiated as part of a new contract.
Nearly 480 unionized employees and another 121 non-union political appointees will receive checks reflecting a 3 percent raise dating back to July 1, 2007. The checks total about $679,000, said Arthur Jakubowski, the principal auditor for cIty Comptroller Andrew A. San- Filippo.
The new contract will increase the average employee’s salary by 17.2 percent through mid-2011.
In return, the union agreed to switch to a less-expensive health insurance plan that protects existing benefits.
question:
what does "retroactive raise" mean? here is what i think:
Let's say I have been working here for a year for $10,000/yr, and I have already gotten paid with that amount. If the company decide to give me "retroactive raise" of 3% for last year, they will give me a check of $300 for the last year, and for this year I would also be getting $10,300 in sum.
White-collar workers in City Hall will receive long-awaited checks today for a retroactive raise that was negotiated as part of a new contract.
Nearly 480 unionized employees and another 121 non-union political appointees will receive checks reflecting a 3 percent raise dating back to July 1, 2007. The checks total about $679,000, said Arthur Jakubowski, the principal auditor for cIty Comptroller Andrew A. San- Filippo.
The new contract will increase the average employee’s salary by 17.2 percent through mid-2011.
In return, the union agreed to switch to a less-expensive health insurance plan that protects existing benefits.
question:
what does "retroactive raise" mean? here is what i think:
Let's say I have been working here for a year for $10,000/yr, and I have already gotten paid with that amount. If the company decide to give me "retroactive raise" of 3% for last year, they will give me a check of $300 for the last year, and for this year I would also be getting $10,300 in sum.
Top answer
Yes, this is what it means. [Y] In the UK, the term 'retrospective' is also used: something that will be applied from a date in the past, and therefore you should receive the raise now that you didn't get then.
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Yes, this is what it means. [Y] In the UK, the term 'retrospective' is also used: something that will be applied from a date in the past, and therefore you should receive the raise now that you didn't get then.
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