On Friday, February 25, the Executive Appropriations Committee held their final meeting to review the official revenue estimates and finalize funding items for the upcoming fiscal year. The committee voted to approve the Governor’s compensation recommendations, including:
- a 3.5% across-the-board Labor Market Increase
- funding for “performance-based discretionary targeted and directed salary increases for state employees”
- funding for the projected 6.7% PEHP health insurance premium increase
- continued funding for the $26 401(k) match program
Furthermore, the committee approved additional funding for numerous bills and agency requests to address employee recruitment and retention issues and remain competitive in the current job market.
This is the largest total compensation package in over 15 years. UPEA wants to thank members for contacting their legislators regarding compensation throughout the session – your voice makes a major difference in UPEA’s lobbying efforts.
1st Sub. SB 8, State Agency & Higher Education Compensation Appropriations, received unanimous approval in the House and Senate during the final week of the session.
