This is the thing that stood out to me as well. It sounds like they are moving to a single pay tier and if you are currently below that, you will receive an in

This is the thing that stood out to me as well. It sounds like they are moving to a single pay tier and if you are currently below that, you will receive an increase. I think that implies the single tier is the same as the current max salary since they did not mention a decrease. I'm interested to see how this plays out since it could indirectly effect me as I live in a low COL location and my company currently adjusts salary depending on your location.