1. Up until this point, compression stipends have been listed separately on paychecks. Beginning in June, the compression stipends will now be reflected in total salaries and not listed as a separate entry.
2. Because TCU is now combining compression stipends with regular salaries, any merit increase received for next year (beginning in June) was based upon that combined amount. So for example:
• If your salary is $25,000 and your compression stipend is $250 that gives you a total combined salary of $25,250
• If you received the full merit increase of 2.5 percent that means your total salary beginning in June will be $25,841.25.
3. Nonexempt jobs that remain below 80 percent market average rate will receive a market adjustment to bring the salary to 80 percent of the local market average rate. This adjustment will be made if a job remains under 80 percent market average rate after the compression stipend and merit increase were applied.
Also remember that this year we will use a new process to communicate salary information to TCU faculty and staff. Instead of receiving a letter announcing the new 2011 fiscal year salary (which starts in June), employees will be able to log on to Employee Self-Service through my.tcu.edu. From there, an individual salary screen will list your new salary information. This information will be available on April 15, 2010.
The University is very proud to have completed this salary improvement program during these tough economic times.
