What TCAS wanted to write.
But his indian run office didn't quite get the message...
At April 1st of every year, every FCM normally moves one level up in seniority. Every level up in seniority is 3% pay more (and these so called basic pays are published in a table someone told me once, can't find it though).
Exceptionally this year, TCAS confirms that he raises the values published in the table by 5 percent. This is valid for all guys who joined before Jan 1st 2011.
So for everyone, you will jump 1 level in the table, equaling to 8 percent more. Anyone who joined after Jan 1st stays in year 1 basic, but as the basic is raised 5 percent, he gets 5 percent more.
I stand to be corrected.