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Performance Compensation Plan

Performance Compensation Plan. State portion of (PCP participant) salary will be budgeted per the contract language noted in the remarks section of the Terms of Employment Fully tenured 1 FTE will be state funded on base salary before PCP percentage only

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Performance Compensation Plan

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  1. Performance Compensation Plan • State portion of (PCP participant) salary will be budgeted per the contract language noted in the remarks section of the Terms of Employment • Fully tenured 1 FTE will be state funded on base salary before PCP percentage only • If faculty was hired with .7 FTE funding noted in the remarks section of the contract, .7 FTE of base salary before PCP will be state funded. The remaining portion of base salary before PCP should be budgeted on grant accounts. • Just the base salary before PCP portion of faculty salaries will be budgeted before July 1 (do not budget the PCP portion of these salaries). • After July 1, 2014 department administrators will need to do budget revisions for the remainder of their total salaries from salary savings accounts. We will not be budgeting salary savings accounts. • As the budgeted state salaries are offloaded to grant accounts (creating salary savings), the salary savings will be used to fund the remaining portion of the PCP participants salary.

  2. Performance Compensation Plan (continued) • We will not be budgeting PCP portion of salary on grant accounts. • .7 State Funded FTE’s may be on grant accounts up to the base before PCP salary amount • Please keep in mind that Dean’s tax and PCP tax will come from soft fund accounts and should be budgeted accordingly. • Budget Dean’s tax payments at 5% of projected Salary Savings • Budget PCP tax payments at 10% of projected PCP compensation • Questions regarding PCP should be directed to: Doug Easler Ph: 775 784-1799 deasler@medicine.nevada.edu

  3. Performance Compensation Plan Example

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