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Salary Schedules. <br /> (E) On January 1, 2021, the pay rates for all bargaining unit classifications and steps shall be <br /> increased by one and three-quarter percent(1.75%),which rates are set forth in the attached <br /> Salary Schedules. <br /> (F) On January 1, 2022, the pay rates for all bargaining unit classifications and steps shall be <br /> increased by one and four-tenth percent (1.4%), which rates are set forth in the attached <br /> Salary Schedules. <br /> (G) On January 1. 2023, the pay rates for all bargaining unit classifications and stens shall be <br /> increased by three and one-half percent (3.5%), which rates are set forth in the attached <br /> Salary Schedules. At the next regularly scheduled payroll following January 1 2023 <br /> Employees subiect this this Agreement shall additionally receive a one-time bonus of one- <br /> half percent(.5%)of their annualized 2023 compensation. <br /> (H) On January 1, 2024, the pay rates for all bargaining unit classifications and steps shall be <br /> increased by one and four-tenth percent (1.4%), which rates are set forth in the attached <br /> Salary Schedules. <br /> (I) On January 1, 2025, the pay rates for all bargaining unit classifications and steps shall be <br /> increased by one and four-tenth percent (1.4%), which rates are set forth in the attached <br /> Salary Schedules. <br /> (J) On January 1, 2026, the pay rates for all bargaining unit classifications and steps shall be <br /> increased by one and three-quarter percent(1.75%),which rates are set forth in the attached <br /> Salary Schedules. <br /> (K) On January 1, 2027, the pay rates for all bargaining unit classifications and steps shall be <br /> increased by two percent(2.0%),which rates are set forth in the attached Salary Schedules. <br /> (L) In the event non-bargaining unit members receive a common increase in their base pay <br /> during the term of this agreement inexcess ofthepercentages hereinabove set forth,excluding <br /> promotions and merit pay,bargainingunit members shallreceive anannual salary adjustment <br /> ofthesamepercentage. <br /> (M) Between January 1, 2021 and December 31, 2021, the Employer reserves the right, upon <br /> written notice to the Union,to re-open and renegotiate financial and economic provisions of <br /> the Agreement only,including,but not limited to Articles XXI and XXIV,unless the parties <br /> mutually agree to re-open other non-financial and economic provisions. If Employer re- <br /> opens any financial or economic provision of this Agreement prior to December 31, 2021 <br /> and the parties do not reach mutual agreement on such re-opened financial or economic <br /> provisions this Agreement shall terminate upon Employer providing ninety(90)day notice <br /> to the Union." Em hasis added to changes) <br /> Page 2 of 4 <br />