--%>

Explain Merit Salary Adjustment

Merit Salary Adjustment (MSA): The cost factor resultant from the periodic raise in salaries paid to the personnel occupying authorized positions. The personnel usually receive a salary raise of 5 percent per year up to the upper salary limit of the categorization, contingent upon the employing agency certifying that the employee’s job performance meets the stage of quality and quantity expected by the agency, allowing for the employee’s experience in the position.

Merit salary adjustments for employees of the California State University or the University of California and they are determined in accordance with rules established by the regents and trustees, correspondingly.

Funding usually is not provided for MSAs in the budget; any extra costs incurred by a department generally must be absorbed from within the existing resources.

   Related Questions in Finance Basics

  • Q : Near monies Normal 0 false false false

    Normal 0 false false

  • Q : Analysis on Financial Manangement

    Questions 1: (1) Your coin collection contains 40 1957 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2040, assuming they appreciate at a 10 percent annual rate? <

  • Q : What is Local Assistance Local

    Local Assistance (LA): The character of expenditures prepared for the support of local government or other locally administered actions.

  • Q : Domestic supply and demand diagram

    Normal 0 false false

  • Q : Question based on consolidated balance

    Normal 0 false false

  • Q : State Section 31.00 Section 31.00 : It

    Section 31.00: It is a Control Section of Budget Act which specifies some administrative procedures. For illustration, the section subjects to the Budget Act appropriations to different sections of the Government Code, restricts the new positions a de

  • Q : How management incorporated in proforma

    Describe how management aims are incorporated into proforma financial statements.Management decide a target goal, and forecasters generate proforma financial statements under the assumption that the goal will be

  • Q : Describe the P-E valuation method

    Describe the P/E valuation method. Under what conditions a stock should be valued by using this method?The P/E ratio denotes how much investors are keen to pay for each dollar of a stock's earnings. A high P/E ratio denotes that investors belie

  • Q : Examples of high operating leverage

    Give two instances of types of companies likely to contain high operating leverage. Give examples. Long distance telephone companies & electricity generating companies are likely to contain operating leverage. These two kinds of companies

  • Q : Capital investment appraisal methods

    The capital investment appraisal methods like NPV, IRR, ARR, PV and Time value of money have become irrelevant post Celtic Tiger. Due to the depth of the recession companies do not have budgets to invest. Explain? At first use this