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>Dear UTC Colleagues,
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>Following review of state appropriations, student enrollment fees, and
>legislative intent for a 2% raise next January, the University Budget
>Committee has recommended that the campus move forward with the following
>implementation.  I have asked the Vice Chancellor of Finance and
>Operations to draft the implementation of the campus pay plan.  The plan
>will be presented this month to the University President and the Board of
>Trustees for their consideration for approval.
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>Each full time, continuing staff and faculty member will receive a
>two-step implementation:  1) a specific dollar increment of $500 and,
>2)  any remaining amount appropriate to achieve the 2% .  In essence
>persons paid $25,000 would receive the first step of $500 or the total
>authorized 2%.  Persons earning $50,000 would receive the first step of
>$500 plus the remaining $500 necessary to be paid to equal the authorized
>2%. Persons earning less than $25,000 per year would receive slightly in
>excess of 2% by virtue of their guaranteed $500.
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>Once again, the university must find from student fees approximately
>$279,900 of the $559,800 necessary to pay the modest raises.  We also
>realize that a pay adjustment in January is not really the full 2%, but
>it, at least, gets it started and on record for perpetuity.  The raise
>will be continued next year, but we will need to find the funding for the
>full year in 2003-4, hopefully from the appropriations process.
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>We will let you know more exact implementation details as soon as the
>President presents the pay plan for Trustee approval.
   Bill