--%>

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 : What is Debt Service Debt Service : The

    Debt Service: The amount (sum) of money needed to pay interest on exceptional bonds and the principal of maturing bonds.

  • Q : Explain Encumbrance Encumbrance : The

    Encumbrance: The commitment of all or portion of an appropriation for future expenses. The Encumbrances symbolize commitments associated to unfilled purchase orders or unfulfilled contracts. Exceptional encumbrances are recognized as budgetary expense

  • Q : Determine sizes of the MPC- the MPS and

    Normal 0 false false

  • Q : Role of depreciation in estimating

    What kind of role does depreciation play in estimating incremental cash flows? Depreciation expense is a tax deductible expense and therefore affects cash flow through its effect on taxes. Depreciation expense which is incremental to a proposed

  • Q : Define the term Unappropriated Surplus

    Define the term Unappropriated Surplus: It is an outdated term for that part of the fund balance not reserved for particular purposes.

  • Q : Describe the terminal value calculation

    Describe the terminal value calculation at the ending of the forecast period. Why is it crucial? The firm which business operation is being valued is not accepted to suddenly cease operating at the ending of the discrete forecasting period, how

  • Q : Price Earning ratio Define the term

    Define the term Price Earning ratio and how it is calculated?

  • Q : Describe compensating balances its need

    Describe compensating balances and why do banks needs them from some customers? Under what situation would banks be most likely to impose compensating balances? Compensating balances are funds that a bank needs a customer to maintain in a non-i

  • Q : Define Executive Branch Executive

    Executive Branch: One of the three branches of state government, accountable for administering and implementing the state's laws and programs. The Governor's Office and those individuals, departments, and offices reporting to it (that

  • Q : Compute GDP by the expenditure - income

    Normal 0 false false