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Home :: Policies :: Permanent Salary Savings

Permanent Salary Savings

Responsible Department
Budget Office
Effective Date
07/27/2015
  1. .

    Purpose

    To define Permanent Salary Savings and overview the appropriate usage of those savings.

  2. .

    Definitions

  3. .

    Statement

    1. Permanent Salary Savings result from a budgeted vacancy (retirement, resignation, or termination) with a full-time regular replacement at a lower salary.

    2. Permanent Salary Savings may be used for creating new positions, salary adjustments for current or new hires if within the guidelines set by and approved by the Director of Human Resources, or transferred to other areas internal of external to the unit. Appropriate benefits must also accompany any new positions with salary adjustments.

    3. Periodic salary studies will be prepared and any salary adj. will be done on a rotating annual basis between faculty & staff. Staff adj. would occur on odd fiscal years & assessments for faculty will occur on even fiscal years. These adjustments will only be awarded during the presentation of the original fiscal budget with new monies if sufficient funds are available.

    4. The Vice President of any unit/division has the authority to override any budgetary decisions regarding the use of temporary or permanent salary savings within the unit.

    5. Any permanent salary savings that are not identified for reallocation by the appropriate budget manager will be rolled back into the UNG centralized funding pool for permanent redistribution during the annual budget cycle.
  4. .

    Support Info

  5. .

    Procedures

    1. See “Budget – Permanent Salary Savings – Procedure

    2. Any related operating procedures must comply with and should reference this policy.

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