CON Supplemental Compensation Plan
| Home | Appendices |
| UNIVERSITY OF NEBRASKA MEDICAL CENTER COLLEGE OF NURSING |
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| Supplemental Compensation Plan | Subsection: Appendix D | |
| Section - Information | Originating Date: November, 1987 | |
| Responsible Reviewing Agency: Executive Council |
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| J:/RESOURCE MANUAL/Table of Contents College of Nursing Resource Manual | ||
GENERAL
The College of Nursing Supplemental Compensation Plan is adopted pursuant to the Board of Regents Policy Authorizing the Establishment of Supplemental Compensation Plans (appended). The definitions, guidelines and requirements stated in the Regents' policy apply to this plan. This plan includes additional requirements, limitations and restrictions, as permitted by the Regents' policy. This plan shall be effective and compensation will be determined from the beginning of the 1987-88 fiscal year.
Section 1. Authorization.
Authorization for the College of Nursing Supplemental Compensation Plan is the Board of Regents Policy Authorizing the establishment of Supplemental Compensation Plans at the University of Nebraska Medical Center.
Section 2. Purpose.
The purpose of the Regents' policy is to authorize the establishment of a supplemental compensation plan within the College of Nursing for the benefit of members of the eligible academic staff of the College, and to prescribe the fundamental guidelines and requirements of such supplemental compensation plan.
Section 3. Definitions.
3.1 Base University Salary. Text here
3.2 Eligible Academic Staff Memeber. Text here
3.3 Participating Staff Member. Text here
Section 4. Requirements for Supplemental Compensation Plan.
4.1 Participation in This Supplemental Compensation Plan. Text here
4.2 Components of Total University Compensation Under the Supplemental Compensation Plan. Text here
4.3 Sources of Funds for Supplemental Compensation Plan. Text here
4.4 Determination of Supplemental Compensation. Text here
4.5 Maximum Supplemental Salary. Text here
4.6 Participation Voluntary. Text here
4.7 Withdrawal from the Plan. Text here
Section 5. Accountability and Administration.
x.x General. Text here
x.x Establishment of Plan Account and Departmental/Division Subaccounts. Text here
x.x Disbursements. Text here
x.x Procedure for Approval of Terms of Employment Agreements. Text here
x.x Business Office Procedures. Text here
Section 6. Benefits.
6.1 General. Benefits to be provided to participating staff members under this supplemental compensation plan shall be limited to salary supplements and supplemental retirement benefits. Other supplemental compensation benefits described in the Regents' policy authorizing this plan are not included and will not be paid to participating staff members.
6.2 Supplemental Retirement Benefits and Contributions. Subject to the availability of funds in the appropriate departmental/division subaccount, supplemental retirement benefits will be provided to participating staff members in accordance with Section 3.12.4.7 of the Bylaws of the Board of Regents through payments made from the appropriate account of the Plan, departmental/division subaccount of the Plan not to exceed an amount determined by applying the prevailing percentage of employer (University) contribution paid on account of the participating staff member's base University salary to the total supplementary salary paid to the participating staff member. For example, if the prevailing percentage of the employer (University) contribution is 7% of the participating staff member's base University salary and the total supplemental salary paid is $7,000.00, then the maximum supplemental retirement benefit is $490.00. Further, each participating staff member shall contribute a portion of his or her supplemental salary to his or her retirement account in accordance with the rate established by the Board of Regents pursuant to Section 3.12.4.7 of the Bylaws of the Board of Regents.
6.3 Other Supplemental Benefits. Other supplemental benefits which may be provided to participating staff members under a supplemental compensation plan are as follows:
- Professional society dues.
- Travel to educational meetings or schools for enhancement of professional knowledge and skills.
- Support for sabbatical leave in lieu of, or in addition to, support provided by the University or other sources.
- Other professional expenses as allowed within University guidelines.
APPROVED: