He received a salary bump to $ 1.4 million, a $ 3 million bonus (awarded pursuant to the non-formulaic approach), $ 6 million in restricted stock and nearly $ 6 million in options (with a strike price of $ 65), 20 % of which vested immediately.
Running in an off - year local race allows lawmakers to potentially
receive a salary bump and still have a seat to return to next year should they lose.
Not exact matches
Nevertheless, his bonus was
bumped back up to $ 3 million and he again
received $ 1.4 million in
salary and stock and options valued at more than $ 11 million.
Niccoli and a group of fellow Democratic candidates have penned separate letters to members of the state Commission on Legislative, Judicial and Executive Compensation urging them not to
bump the current $ 79,500 base
salary of state lawmakers, who haven't
received a raise in roughly 17 years.
There's also little desire among voters to see lawmakers
receive a pay
bump from their base $ 79,500, with opposition to the proposal registering at 55 percent to 42 percent (pay raises for lawmakers and cabinet officials is now before a panel that could decide on
salary increases at the end of this year).
Each legislator would
receive a $ 3,000
bump from the current annual
salary of $ 25,591.
Others also benefited: Seth Urbinder, Mr. Avella's chief of staff, saw his
salary bumped by $ 4,000, Anna Aulvola, his deputy chief of staff,
received a $ 2,000 raise, and Heather Sager, a district representative, will be taking home an extra $ 5,000 thanks to the move, the records show.
Both Ferreras and Greenfield
received $ 15,000
bumps in their
salaries for chairing the committees.
By comparison, teachers
receive a one - time award, not a
bump up in base
salary, of up to $ 2,403.26 if their students exceed «district expectations» for student growth.