5.01 Faculty Salary Administration
The University shall strive to achieve and maintain categorical faculty salaries by rank and academic discipline which are at 100% of the corresponding College and University Personnel Association (CUPA) regional averages for appropriate peer institutions. The University shall further strive to achieve and maintain minimum individual faculty salaries by rank and academic discipline which are at 85% of the corresponding CUPA regional averages for appropriate peer institutions.
Full-time or part-time faculty members as of April 1, who are doing at least "satisfactory" work are eligible for any salary increase approved by the Board of Trustees for the succeeding academic year. "Satisfactory" means receiving a 3.0 or higher annual evaluation. Eligible faculty members will be awarded salary increases determined in the manner outlined below. Dollars for salary increases are defined as money approved by the Board for faculty raises in the annual Operating Budget. This amount does not include any money reserved for correction of inequities, for increases in salary associated with promotions in rank, for the hiring of new faculty, or for adjustments necessary because of changing market conditions. More details may be found under "Policies" on the University's web page or in University Policy Manuals, available in departmental offices. (Refer to Policy 04:030.)
5.02 Pay Periods and Receipt of Pay
Faculty are paid monthly on the first of each month by direct deposit to any financial institution participating in the Automated Clearing House. When the first falls on a Saturday, the pay date would be Friday; when the first falls on a Sunday, the pay date would be Monday. New Year's Day and Labor Day may cause a change in the normal pay schedule. Pay statements showing gross pay, itemized benefits and deductions, and net deposits are delivered through campus hand mail and/or electronically via e-mail prior to the end of the month. Changes affecting payroll must be received in the Office of Human Resources by the 20th of the month.
5.03 Payroll Deductions
Some payroll deductions are required by state and federal law: federal income tax, Social Security (FICA), Medicare, Teachers' Retirement System, state income tax, court-ordered garnishments and child support orders, and federal and state income tax levies. Other deductions are optional and available at the employee's choice: UM Annual Fund, United Way, Higher Education Partnership dues, Alabama Education Association dues, health insurance, optional life insurance, AD&D insurance, tax sheltered annuities, and State Deferred Compensation Plan (RSA1).
5.04 Social Security
Faculty are covered by Federal Social Security. Deductions are made at the current yearly rate. The University pays a matching amount to the federal system.
5.05 Unemployment Compensation
Unemployment compensation benefits are available to eligible employees according to the terms, limitations, and conditions imposed by applicable law. Voluntary termination or discharge for misconduct is not normally covered by unemployment compensation. The University contributes the total cost for this coverage.