Virginia Annual Incentive Compensation Plan
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How to fill out Annual Incentive Compensation Plan?
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FAQ
Sufficient funds are appropriated in this act to finance, on a statewide basis, the state share of up to an additional 4.0 percent salary increase effective July 1, 2023, to school divisions that certify to the Department of Education that an equivalent increase will be provided to instructional and support personnel ...
Time bonus payment of $1,500 on December 1, 2023. evaluation and having no active written notices under the Standards of Conduct within the preceding twelve-month period.
School districts must match the 2% increase to access the funds for the raises. It also includes $115 million for 2% pay raises for state employees, including university workers, adjunct faculty, teaching assistants, state-supported local employees and Standards of Quality funded positions.
Retention allowance: VA values its employees. You may receive up to 25 percent of the rate of basic pay to remain with the Government.
The deal sets aside nearly $55 million for the state's share of a 2% salary increase for teachers ? effective Jan. 1, 2024 ? adding to the 5% hike for the 2023 and 2024 fiscal years approved when the initial two-year budget plan was passed. School districts must match the 2% increase to access the funds for the raises.
$54.6 million from the General Fund to give teachers and other school staff a 2% raise starting on January 1, 2024. This is on top of the 10% raise for teachers that the Governor proposed last year.
Budget Highlights for State Employees A one-time bonus payment of $1000 on December 1, 2022. Another 5% salary increase in July 2023 which will show on the first August 2023 paycheck.