1 Percent Salary Adjustment Coming to Arkansas State Employees
LITTLE ROCK, AR – A one percent salary adjustment is coming to employees of the Arkansas State Employees. Arkansas State Employees have a salary increase coming. The Arkansas Department of Finance and Administration issued the following announcement today about the cost of living pay increase: Governor Mike Beebe directed the Department of Finance and Administration to review the performance of the Arkansas economy and revenue collections after the first quarter of Fiscal Year 2015 to determine whether the one percent (1%) cost of living pay increase, which was previously delayed, can now be implemented. After closing out the first quarter of Fiscal Year 2015, collections are slightly above forecast. The Arkansas economic projections are in line to support the forecast which included the COLA. In consideration of this information, Governor Beebe directed that the 1% COLA be implemented for the next pay period. The COLA will be implemented effective 11/09/2014 and...