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OPTION 3 MARKET, STANDARD OF LIVING (ATB) <br />ComponentProjected Fiscal Impact <br />Phase two of 2021 Market Adjustments$81,367 <br />2022 Market Adjustments$25,000 <br />10% Standard of Living Adjustment$2,561,501 <br />Total$2,667,868 <br />One year pause on the merit plan. <br />The 10% Standard of Living Adjustment would result in fewer 2022 Market Adjustments than Option 2 <br />The 10% Standard of Living Adjustment would be accompanied by a 10% adjustment to our pay scale. <br />This would bring the minimum of our lowest grade to $14.017. <br /> <br />