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I am a new employee and dont fully understand the salary schedule system. does someone whos hired at the 2004 hiring rate, receive the top of the job rate for the 2010 salary?

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I am a new employee and dont fully understand the salary schedule system. does someone whos hired at the 2004 hiring rate, receive the top of the job rate for the 2010 salary?

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A. An M/C employee hired at the hiring rate is eligible to receive annual performance advance increases until the employees salary reaches the job rate. Performance advances are effective April 1 and paid in amounts equal to 1/6 of the difference between the hiring rate and the job rate. Eligible employees are those who have served in grade for at least 13 complete payroll periods in the preceding year. Employees in grades M/C-17 and below receive additional compensation in the form of longevity increases upon completion of 5 or 10 years at the job rate.

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