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CON Supplemental Compensation Plan: Difference between revisions
CON Supplemental Compensation Plan (view source)
Revision as of 14:42, April 29, 2015
, April 29, 2015→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> 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 Division Assistant Dean, Dean, and the Chancellor.</p> | <p style="margin-bottom:15px; max-width:70em !important;"><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 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> 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; max-width:70em !important;"><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> 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; max-width:70em !important;"><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; max-width:70em !important;"><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: | ||
<ol style="list-style-type: lower-alpha;margin-bottom:15px;"> | <ol style="list-style-type: lower-alpha;margin-bottom:15px; max-width:70em !important;"> | ||
<li style="margin-bottom:15px;">That full payment of the stipulated supplemental compensation over and above the participating staff member's base University salary will be made only when funds are freed-up as a result of funds received through University administered extramural grants and contracts and only if funds are available in the appropriate departmental/division subaccount College of Nursing supplemental compensation plan account to pay in full the approved supplemental compensation for all departmental/division staff members participating in the plan; and</li> | <li style="margin-bottom:15px;">That full payment of the stipulated supplemental compensation over and above the participating staff member's base University salary will be made only when funds are freed-up as a result of funds received through University administered extramural grants and contracts and only if funds are available in the appropriate departmental/division subaccount College of Nursing supplemental compensation plan account to pay in full the approved supplemental compensation for all departmental/division staff members participating in the plan; and</li> | ||
<li style="margin-bottom:15px;">That in the event there are not adequate funds available in the appropriate departmental/division subaccount of the supplemental compensation to pay in full the approved supplemental compensation for all participating department/division staff members in that plan, then the amount of supplemental compensation to be paid to each participating staff member of the department/division will be reduced by uniform percentage based upon the funds available in the departmental/division subaccount of the supplemental compensation plan for distribution as supplemental compensation.</li> | <li style="margin-bottom:15px;">That in the event there are not adequate funds available in the appropriate departmental/division subaccount of the supplemental compensation to pay in full the approved supplemental compensation for all participating department/division staff members in that plan, then the amount of supplemental compensation to be paid to each participating staff member of the department/division will be reduced by uniform percentage based upon the funds available in the departmental/division subaccount of the supplemental compensation plan for distribution as supplemental compensation.</li> | ||
</ol> | </ol> | ||
</p> | </p> | ||
<p style="margin-bottom:15px;"><strong>4.5 Maximum Supplemental Salary.</strong> The maximum level of supplemental salary which may be paid to a participating staff member under this supplemental compensation plan is 50% of freed up dollars not to exceed 25% of base University salary.</p> | <p style="margin-bottom:15px; max-width:70em !important;"><strong>4.5 Maximum Supplemental Salary.</strong> The maximum level of supplemental salary which may be paid to a participating staff member under this supplemental compensation plan is 50% of freed up dollars not to exceed 25% of base University salary.</p> | ||
<p style="margin-bottom:15px;"><strong>4.6 Participation Voluntary.</strong> Participation in the plan by eligible academic staff members is voluntary, and no eligible academic staff member shall be adversely affected with respect to the amount of his or her base University salary or with respect to any other term or condition of University employment by reason of non-participation in this supplemental compensation plan.</p> | <p style="margin-bottom:15px; max-width:70em !important;"><strong>4.6 Participation Voluntary.</strong> Participation in the plan by eligible academic staff members is voluntary, and no eligible academic staff member shall be adversely affected with respect to the amount of his or her base University salary or with respect to any other term or condition of University employment by reason of non-participation in this supplemental compensation plan.</p> | ||
<p style="margin-bottom:15px;"><strong>4.7 Withdrawal from the Plan.</strong> Withdrawal from the plan by a participating staff member will automatically result upon death or upon termination of employment in the college. Withdrawal may also be accomplished by voluntary withdrawal by giving the Dean at least 30 days advance written notice of withdrawal from the plan.</p> | <p style="margin-bottom:15px; max-width:70em !important;"><strong>4.7 Withdrawal from the Plan.</strong> Withdrawal from the plan by a participating staff member will automatically result upon death or upon termination of employment in the college. Withdrawal may also be accomplished by voluntary withdrawal by giving the Dean at least 30 days advance written notice of withdrawal from the plan.</p> | ||
====Section 5. Accountability and Administration.==== | ====Section 5. Accountability and Administration.==== | ||