PHT Approves 2% Gain-Sharing Payment and 5% Returns to Paychecks

A lively, occasionally excruciating, debate at today’s PHT meeting ended with a 4-1 vote approving the 2% gain-sharing agreement between Jackson and its unions.

Joe Arriola was the only dissenting member.

After our ratification vote is complete later today, the agreement will go to the County Commission for final approval.

We believe that will occur on March 18, but will keep you updated.

Should the Commission approve the 2% then, it could appear as soon as the next paycheck.

The 2% will be paid to employees hired before April 1, 2013 and will be calculated on base pay only for the 2013 fiscal year (Oct. 1, 2012-Sept. 30, 2013).

You can estimate your share by multiplying your hourly rate by number of hours per pay period (up to 80) by 26 pay periods by .02.

Meanwhile, in tomorrow’s paycheck, employees will see the first increase in take-home pay in four years!

Not only will there be no 5% reduction, there will also be a bit more — the 5% retro to Jan. 19, 2014.

Jackson calls it a refund and it is there if you know where to look.

The refund is listed under the Pre-Tax deductions column on your pay stub on the right side.

It’s listed as “5% PreTCo” and has a minus sign in front of it, which means it’s the reversal of the original deduction.

A bit convoluted, but there it is.

Enjoy your money. You earned it!

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