20-221D 20-221D . . . Stock Bonus Plan Board of Directors has authority to determine which key employees shall be awarded stock bonuses, amounts of bonuses, number of shares of common stock to be awarded, and all other terms and provisions of each bonus. Bonus awards are based on attainment of specified types and combinations of performance measurement criteria, which may differ as to various employees
District of Columbia Executive Bonus Plan
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US-CC-20-221D
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FAQ
Quality salary increases are awarded in addition to regular within-grade increases. A quality salary increase may be authorized only once within a 12-month period. A quality salary increase shall not impact an employee's waiting period for a regular within-grade increase.
The legislation, approved by DC Council on July 12, authorizes a retroactive cost of living increase of 1.5% for Fiscal Year 2022, a 3.5% one-time, retroactive bonus for Fiscal Year 2022, and a 2.5% cost of living increase for Fiscal Year 2023.
100 percent employer funded: 5 percent of the base salary (5.5 percent for Corrections Officers) beginning the first pay period after one year of service. Must have one year of continuous service to participate; fully vested in the Defined Contribution Pension Plan after five years of continuous service.
Under the plan, you make contributions to the plan by agreeing to defer a dollar or percentage amount from your salary. Your deferrals can be made on a pre-tax basis, and all earnings are tax deferred until benefits are distributed to you. You also have the opportunity to make after-tax Roth deferrals.
For additional information, call 202-442-9700 or send an email to verifications.dchr@dc.gov.
Since this percentage is above the 3% cap applicable to police officers and firefighters hired on or after November 10, 1996, and their survivors, their COLA effective March 1, 2023 is 3.0%.
Each paycheck shows your most recent LEI. LEI shows when you received your most recent Within Grade Increase (WGI); WGIs occur every year for Steps 1-5 and every two years for Steps 6-10.