INDIANAPOLIS — State employees will ring in the new year with pay raises worth up to 4 percent of their current salaries.

Gov. Eric Holcomb told state workers in a letter Friday that he approved the pay hikes in recognition of the "exemplary service you provided Hoosier taxpayers throughout 2017."

"I am grateful to work alongside the men and women who are the force behind the service Hoosiers have come to expect from their state government," Holcomb said. "I am pleased to authorize performance-based raises for a job well done."

The wage increases are tied to employee performance ratings, with state workers deemed to "meet expectations" getting a 2 percent increase, "exceed expectations" garnering a 3 percent raise and "outstanding" employees earning 4 percent more.

The Holcomb pay hikes match the performance-based raises authorized by former Gov. Mike Pence in December 2016, but are less than the 6 percent maximum increases awarded by Pence at the end of 2014 and 2015.