Southeast Missouri State University

Resolution 07-02 Proposed Compensation Package for FY08

RESOLUTION ENDORSING A PROPOSED FACULTY COMPENSATION PACKAGE FOR FY08

BE IT RESOLVED that the Faculty Senate hereby endorses the following proposal for faculty compensation, as recommended by the Faculty Senate Compensation Committee, and

BE IT FURTHER RESOLVED that the Faculty Senate hereby authorizes the Committee to engage in negotiations during the remainder of the Budget Review process.

Proposed Compensation Package for FY08:

1.Base Merit3%$932,328

2.Final installment of 3-year increase to Chairs Summer Stipend

37 chairs X $500 each$18,500

3.Equity adjustments

Plan A (one year)

Post-Professorial Merit Equity adjustments*$156,000

Position Equity adjustments$32,608

Equation Equity adjustments$18,677

TOTAL EQUITY ADJUSTMENTS$207,285

Plan B (two years)

Year One

Post-Professorial Merit Equity adjustments**$78,000

Position Equity adjustments$23,485

Equation Equity adjustments$11,607

TOTAL Year One EQUITY ADJUSTMENTS$113,092

Year Two

Post-Professional Merit Equity adjustments$78,000

Position Equity adjustments$9,123

Equation Equity adjustments$7,070

TOTAL Year Two EQUITY ADJUSTMENTS$94,193

4.Increase Post-Professorial Merit Award by $1,000 $10,000

Total Plan A$1,168,113

OR

Total Plan B Year One$1,073,920

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*This applies to persons who received Post-Professorial Merit in the first four years only, and is to be distributed as follows:

Year earned

Number of recipients

Total dollar amount adjustment per person

2004

30

$4,000

2005

8

$3,000

2006

3

$2,000

2007

6

$1,000

**Total dollar amounts are to be divided into two equal installments and paid out over 2 years.

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