Anyone know what this is? It showed up on my upcoming paycheck.
CVS Lump Sum Merit?
- Thread starter hye345
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It means you make too much money to get a raise. So if you make $100,000 and should get a 5% raise, they give you a $5,000 lump sum instead. This is better for CVS because next year you'll get another $5,000 (total $105,000 annual) instead of going up from $105,000 to $110,250.
