(a) (1) Pay rates in the Standard Pay Plan may be set by: (i) a series of pay grades and steps within each grade; (ii) fixed rates; or (iii) minimum and maximum amounts. (2) Pay rates in the Executive Pay Plan may be set by: (i) a series of executive pay grades and steps within each grade; (ii) fixed rates; or (iii) minimum and maximum amounts. (b) In setting or amending a pay rate, the Secretary shall consider: (1) the prevailing pay rates for comparable services in private and public employment; (2) experience; (3) living costs; (4) benefits; and (5) the financial condition and policies of this State. (c) A pay rate in either pay plan is subject to any limitations included in the State budget.
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