Market adjustments will become effective July 1

TSEA April 20, 2016 Comments Off on Market adjustments will become effective July 1
Market adjustments will become effective July 1

The Department of Human Resources just confirmed to TSEA that market adjustments approved last week as part of the 2016/2017 budget will become effective July 1, 2016.

DOHR, in a recent communication to employees, indicated more than 25,000 employees could be affected by these market adjustments, which Governor Haslam during his State of the State speech said would be limited to employees earning an annual salary of less than $50,000.

This means that those receiving the July 1, 2016 adjustments will have larger salaries in January 2017 when pay for performance raises take effect.

We do not know all the details, but wanted to bring you this good news about the effective date.

As we know more about these market adjustments, we will let you know.

TSEA