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UCI faculty could see 8 percent reduction in pay, continued ...
Approximately 41 percent of UCI and Medical Center staff are represented by unions. They will be included in the pay cuts, says Lawhon, though this is subject to negotiations with unions.
Other options up for discussion in Yudof's letter include a 21 unpaid days plan or a 12 unpaid days plan, which includes a 3.4 percent salary reduction.
Yudof's letter also addresses the cuts previously put into action regarding the earlier approved $115.5 million reduction in state funding for the 2009-2010 fiscal year. Among those cuts: the president, chancellors, executive vice chancellors, executives and senior vice presidents will see a 5 percent pay cut. UCI Chancellor Drake salary will be reduced from $392,200; Executive Vice Chancellor Gottfredson's will fall from $301,500.
Counting UC budget cuts for both the 2008-2009 and 2009-2010 years, the current budget includes $813 million in reductions.
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'OC METRO Minute,' June 16: UCI's new media arts building
'OC METRO Minute,' June 17: Chapman University's midyear economic forecast
Readers Feedback:
The people proposing this didn’t think it through: the 8% pay cut will also be applied to UC employees (in the medical schools) who are not paid from state funds, which in fact makes the budget crisis even worse as it prevents UC from receiving around $40M of salary overhead on external grants:
http://www.loni.ucla.edu/~thompson/BUDGET/UC-PayCutLetterJune20.pdf
Losing indirect costs of 50-60% on the 8% of the, say, $1B in NIH, NSF, engineering, DOD, foundation, and other sources of funds that are brought into the UC system to be used in large part for salaries (let's guess that means around $40M), is throwing the baby out with the bath water.
Comment at 6/21/2009
UCI faculty could see 8 percent reduction in pay, continued ...
Approximately 41 percent of UCI and Medical Center staff are represented by unions. They will be included in the pay cuts, says Lawhon, though this is subject to negotiations with unions.Other options up for discussion in Yudof's letter include a 21 unpaid days plan or a 12 unpaid days plan, which includes a 3.4 percent salary reduction.
Yudof's letter also addresses the cuts previously put into action regarding the earlier approved $115.5 million reduction in state funding for the 2009-2010 fiscal year. Among those cuts: the president, chancellors, executive vice chancellors, executives and senior vice presidents will see a 5 percent pay cut. UCI Chancellor Drake salary will be reduced from $392,200; Executive Vice Chancellor Gottfredson's will fall from $301,500.
Counting UC budget cuts for both the 2008-2009 and 2009-2010 years, the current budget includes $813 million in reductions.
<< PREVIOUS PAGE
Related headlines
Chapman: The worst of the recession is over
'OC METRO Minute,' June 16: UCI's new media arts building
'OC METRO Minute,' June 17: Chapman University's midyear economic forecast
Readers Feedback:
The people proposing this didn’t think it through: the 8% pay cut will also be applied to UC employees (in the medical schools) who are not paid from state funds, which in fact makes the budget crisis even worse as it prevents UC from receiving around $40M of salary overhead on external grants:
http://www.loni.ucla.edu/~thompson/BUDGET/UC-PayCutLetterJune20.pdf
Losing indirect costs of 50-60% on the 8% of the, say, $1B in NIH, NSF, engineering, DOD, foundation, and other sources of funds that are brought into the UC system to be used in large part for salaries (let's guess that means around $40M), is throwing the baby out with the bath water.
| Comment at 6/21/2009 |
