JPMorgan Chase & Co.'s investment bankers will begin getting more of their pay in salary next year and less in bonuses as the company shifts the weighting to remain competitive with rivals, a person familiar with the company said.

The plan, unveiled last week at a meeting with investment bank co-heads Steven Black and William Winters, affects those who earn half or more of their total compensation in yearend bonuses, the person said, declining to be identified because pay matters are confidential. It will be implemented in 2010, after details are announced at the end of this year. The bankers' total pay will not change because bonuses will be lowered.

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