What if a new employee was hired as a manager in FY 99-2000, how are the payouts allocated?
If hired between July 1, 1999 and December 31, 1999, pay the full amount paid to fully successful managers effective July 1, 2000, deferred to September 22, 2000. If hired between January 1, 2000 and June 30, 2000, the employee should receive an increase of 1 % (1/2 the amount paid to fully successful managers), effective December 29, 2000. Effective the pay period beginning July 1, 2001, pay the full amount paid to fully successful managers, unless deferred. REMINDER: 1) Agencies must process 301s for all eligible managers. This includes managers whose salary group is VR 99. 2) Use the round up method when doing your calculations (See APS instructions in the June 14, 2000 letter to agency heads from Alan Mazzola). To reiterate, start with the current bi-weekly salary x 26.1 = current annual x 1.03 = new annual divided by 26.1 = new bi-weekly. The transaction code for all these actions should be AN and the reason for the salary change code should be AN.