HR Labor Relations has informed SHARE that our contract raise is scheduled for this week’s paycheck (12/23/2022) and the retro is scheduled for the next paycheck (1/6/2023).
What does this mean for me?
If you are eligible for the full 4.75% raise (you were a non-probationary SHARE member on July 3, 2022 and you are still in SHARE), the payrate in your check this week should be your new, post-raise, hourly rate. That means that you will have been paid at your new rate for the pay period December 4-17.
The retroactive amount that you will be owed is the amount of the raise (4.75%) for the hours you were paid in the 22 weeks from July 3, 2022 to December 3, 2022. That amount should be paid in the January 6 paycheck.
Example:
If you make $21/hour, then your raise would be $21/hour x 0.0475 = $1/hour
If you were paid 40 hours/week between July 3 and December 3, then you were paid 40 hours/week x 22 weeks = 880 hours
Your retro would be $1/hour x 880 hours = $880 before taxes
If you make less than $21/hour then your hourly raise would be lower; if you make more than $21/hour then your hourly raise would be higher
The retro is paid on all hours you were paid by UMass Chan, including vacation, holiday, sick, personal time, and overtime
Timeline of contract raise and bonus payoutS
The Covid Appreciation Bonus was paid 12/9/22
The Raise will be in the 12/23/22 paycheck
The Retro will be in the 1/6/23 paycheck
Still to be determined:
performance bonuses for “exceeds” or “outstanding”
probationary raises for people hired January-June 2022
review of people who were promoted out of SHARE after April 1, 2022 and missed the SHARE bonus and the non-union bonus
As always, please let us know if you have any questions.