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CON Supplemental Compensation Plan: Difference between revisions
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CON Supplemental Compensation Plan (view source)
Revision as of 12:42, September 27, 2013
, September 27, 2013→Section 5. Accountability and Administration.
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====Section 5. Accountability and Administration.==== | ====Section 5. Accountability and Administration.==== | ||
<p style="margin-bottom:15px;"><strong> | <p style="margin-bottom:15px;"><strong>5.1 General.</strong> The Vice Chancellor for Business and Finance and the Dean shall be responsible for the proper administration of the College of Nursing Supplemental Compensation Plan. Standard University policies and procedures for billing, receipting, purchasing and payroll shall be observed in administering this plan. Supplemental compensation to participating staff members will be disbursed using the normal payroll procedures and paid on a monthly basis. The University will not assess an administrative fee as long as the plan is administered in accordance with University policies and procedures. The Vice Chancellor for Business and Finance shall from time to time review and audit this supplemental compensation plan for conformance with University policies and procedures.</p> | ||
<p style="margin-bottom:15px;"><strong> | <p style="margin-bottom:15px;">An annual report of the activities of this supplemental compensation plan shall be made to the Chancellor, or at such shorter intervals as he or she may request.</p> | ||
<p style="margin-bottom:15px;"><strong> | <p style="margin-bottom:15px;"><strong>5.2 Establishment of Plan Account and Departmental/Division Subaccounts.</strong> The Vice Chancellor for Business and Finance shall establish a separate University account for the College of Nursing Supplemental Compensation Plan, which shall be subdivided into separate subaccounts for each department/division of the College. Monies received from the sources permitted in Section 4.3 of this plan shall be credited to each departmental/division subaccount of the plan as appropriate.</p> | ||
<p style="margin-bottom:15px;"><strong> | <p style="margin-bottom:15px;"><strong>5.3 Disbursements.</strong> Disbursements of supplemental compensation, any reduction in supplemental compensation and final settlement of supplemental compensation for each participating staff member shall be made in accordance with Section 5.3, 5.4, 5.5 and 5.8 of the Board of Regents Policy Authorizing Establishment of Supplemental Compensation Plans, as applicable, and this plan.</p> | ||
<p style="margin-bottom:15px;"><strong> | <p style="margin-bottom:15px;"><strong>5.4 Procedure for Approval of Terms of Employment Agreements.</strong> The procedure for approval of the Supplemental Compensation Plan - Terms of Employment Agreement shall be as follows: | ||
<ol style="list-style-type: lower-alpha;margin-bottom:15px;"> | |||
<li>The eligible academic staff member and department chairperson/division assistant dean will annually negotiate a Supplemental Compensation Plan - Terms of Employment Agreement (SCP-TEA). Individuals who report directly to the Dean will negotiate with the Dean for their supplemental compensation agreement.</li> | |||
<li>The chairperson/assistant dean will submit the signed SCP-TEA to the Dean's office for approval.</li> | |||
<li>The Dean's office will review, amend as necessary, and approve each eligible academic staff member's annual SCP-TEA.</li> | |||
</ol></p> | |||
<p style="margin-bottom:15px;"><strong>5.5 Business Office Procedures.</strong> Each business office shall accomplish the following in connection with each SCP-TEA: | |||
<ol style="list-style-type: lower-alpha;margin-bottom:15px;"> | |||
<li>A Personnel Action Form (PAF) will be submitted with each SCP-TEA or when the SCP-TEA is modified because there are not adequate funds in the subaccount to pay the full approved supplemental compensation.</li> | |||
<li>Supplemental compensation will be coded as such in the appointment block of the PAF.</li> | |||
<li>The business office will prepare necessary accounting entries for each SCP-TEA.</li> | |||
</ol> | |||
</p> | |||
====Section 6. Benefits.==== | ====Section 6. Benefits.==== | ||