What is the Temporary Salary Reduction Plan (“the TSR Plan”)?
The TSR Plan has been developed to respond to budget deficits for Fiscal Year 2010. All regular and contingent category II staff, and faculty, except those identified in Question #3 below, are included in the Plan. The Plan involves salary reductions and paid administrative leave for employees included in the Plan.
Related Questions
- If an employee’s salary increases or decreases during the temporary salary reduction period, will that increase or decrease the percentage of salary reduction the employee is required to take?
- May employer contributions to a cafeteria plan be made pursuant to a salary reduction agreement between the participant and employer?
- What is a temporary salary reduction?
