Kentucky Annual Incentive Compensation Plan

State:
Multi-State
Control #:
US-CC-20-302
Format:
Word; 
Rich Text
Instant download

Description

This sample form, a detailed Annual Incentive Compensation Plan document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

To qualify for exemption, these employees must earn a minimum of $684 per week and fall into one of four categories: administration, executive, professional, or outside sales. Kentucky also designates specific occupational groups that do not qualify for overtime pay, which include: Agricultural workers.

As of , the average annual pay for a Gs 7 in Kentucky is $84,400 a year. Just in case you need a simple salary calculator, that works out to be approximately $40.58 an hour.

Sec. 201 et seq., an appointing authority may grant compensatory time, in lieu of overtime pay, at the rate of one and one-half (1.5) hours for each hour the employee is authorized to work in excess of forty (40) hours in a work week.

State Payroll Schedule State government has a semi-monthly pay schedule, which means employees are paid twice per month. As an employee of the state, you will receive your pay on the 15th and the 30th of each month unless the payday falls on a weekend or holiday.

The Back to Work Incentive Program provides a one-time payment of $1,500 to eligible applicants who re-enter the workforce between June 24, 2021 and July 30, 2021, and have an active (non-fraud) unemployment claim and has requested weekly payments as of June 23, 2021.

May my employer require that I work overtime? There is nothing that prohibits your employer from requiring you to work overtime.

An exempt employee is paid to get the job done regardless of how many hours they work. They are not required to take breaks. Non-exempt employees are entitled to overtime pay at a rate of 1.5 times their hourly rate, for time worked over 40 hours in a workweek. They are also entitled to take meal and rest breaks.

A highly compensated employee shall qualify for exemption if the employee customarily and regularly performs any one (1) or more of the exempt duties or responsibilities of an executive, administrative, or professional employee established identified in this administrative regulation.

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Kentucky Annual Incentive Compensation Plan