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CON Supplemental Compensation Plan: Difference between revisions
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CON Supplemental Compensation Plan (view source)
Revision as of 13:47, September 27, 2013
, September 27, 2013→Section 4. Requirements for Supplemental Compensation Plan.
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====Section 4. Requirements for Supplemental Compensation Plan.==== | ====Section 4. Requirements for Supplemental Compensation Plan.==== | ||
<p style="margin-bottom:15px;"><strong>4.1 Participation in This Supplemental Compensation Plan.</strong> | <p style="margin-bottom:15px;"><strong>4.1 Participation in This Supplemental Compensation Plan.</strong> Only eligible academic staff members as defined in Section 3.2 of this policy shall be eligible for participation in this supplemental compensation plan. No eligible academic staff member shall have any absolute right to participate in this Supplemental Compensation Plan, and the determination of whether or not any eligible academic staff member shall be offered supplemental compensation shall be made by the Department Chair/Division Assistant Dean, Dean, and the Chancellor.</p> | ||
<p style="margin-bottom:15px;"><strong>4.2 Components of Total University Compensation Under the Supplemental Compensation Plan.</strong> | <p style="margin-bottom:15px;"><strong>4.2 Components of Total University Compensation Under the Supplemental Compensation Plan.</strong> The total annual compensation for a participating staff member will consist of his or her base University salary plus supplemental compensation approved in accordance with the terms of this supplemental compensation plan.</p> | ||
<p style="margin-bottom:15px;"><strong>4.3 Sources of Funds for Supplemental Compensation Plan.</strong> | <p style="margin-bottom:15px;"><strong>4.3 Sources of Funds for Supplemental Compensation Plan.</strong> Supplemental compensation to be made available for distribution to participating staff members under this supplemental compensation plan will be derived exclusively from funds available for academic salaries and associated fringe benefits in (a) the University Trust Fund established by Neb. Rev. Stat. ' 85-123.01, (b) the Temporary University Fund established by Neb. Rev. Stat. ' 85-124, except that portion of the Temporary University Fund derived from funds appropriated by the Legislature, and (c) the University Cash Fund established by Neb. Rev. Stat. ' 85-125.</p> | ||
<p style="margin-bottom:15px;"><strong>4.4 Determination of Supplemental Compensation.</strong> Subject to the requirements of Section 4.5, 4.6, and 6.2, supplemental compensation in the form of supplemental salary and supplemental retirement benefits to be paid to each participating staff member under this supplemental compensation plan over and above his or her base University salary and benefits will be individually negotiated each fiscal year by the appropriate department chairperson/division assistant dean with approval by the Dean and reduced to writing in a Terms of Employment Agreement. Individuals who report directly to the Dean will negotiate with the Dean for supplemental salary. Each Terms of Employment Agreement shall be in a format approved by the Executive Vice President and Provost and shall expressly provide: | <p style="margin-bottom:15px;"><strong>4.4 Determination of Supplemental Compensation.</strong> Subject to the requirements of Section 4.5, 4.6, and 6.2, supplemental compensation in the form of supplemental salary and supplemental retirement benefits to be paid to each participating staff member under this supplemental compensation plan over and above his or her base University salary and benefits will be individually negotiated each fiscal year by the appropriate department chairperson/division assistant dean with approval by the Dean and reduced to writing in a Terms of Employment Agreement. Individuals who report directly to the Dean will negotiate with the Dean for supplemental salary. Each Terms of Employment Agreement shall be in a format approved by the Executive Vice President and Provost and shall expressly provide: | ||
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