Originally Posted by
james014
I'm new to looking at this contract stuff for you guys. Can you tell me what 9966 means? I've seen it a few times now.
James-
Good question.
Sometimes we use too much jargon and shorthand around here. Makes it tough for the new hires.
9966 are percentage increases to the Section 3 base pay rates.
In this case it means a 9% raise on the date of signing (presumably Septemberish??), another 9% on 1/1/16, 6% on 1/1/17, and 6% on 1/1/18.
Amendable again on 1/1/19.
Contract 2012 pay raises were 4833. You've probably seen that number on here also.