Back to top Back to Compensation Faculty Pay Policy Salary Increase Exceptions   Faculty Pay Policy The University of North Carolina at Chapel Hill recruits and hires faculty of the highest caliber to teach our students. The process for compensating our faculty and recording their credentials must reflect the university’s high standards. It is essential that our policies and processes are in compliance with both Southern Association of Colleges a…

…employee, is authorized, in his or her discretion, to require repayment of compensation paid during the leave period from the non-returning faculty member. Reappointment of an Administrator without Faculty Return Rights An administrator leaving a position that is categorized as “at will” has no claim to a position at the university; however, there may be circumstances in which assignment to another administrative or teaching position would be bene…

…lated as the greater of the following: $32,240 (as of 2022) OR 50% of your compensation, excluding terminal payments, reported to the Retirement System during the twelve months of service preceding the effective date of your retirement. (These amounts are increased on January 1 of each year by the percentage increase in the Consumer Price Index.) It is the responsibility of the retiree to monitor earnings. Retirement payments will be stopped on th…

…A defined benefit plan determined by a set formula based on: Average Final Compensation (the average compensation of your highest 48 consecutive months). Years of Creditable Service. Retirement Factor (currently 1.82%). ORBIT system Retirement is done through the ORBIT system found at myncretirement.com. This is the State Retirement System’s portal. You will start your retirement process online. Most forms are completed online, but there are two f…

…o not govern the administrative appointments covered by these regulations. Compensation The compensation of Senior Officers covered by this policy shall be set by the Board of Governors or the University’s Board of Trustees, if delegated such authority by the Board of Governors. Neither the Chancellor nor any other Senior Officer may be paid, in addition to his/her salary as established pursuant to the foregoing requirements, for any services rend…

The North Carolina 457(b) Deferred Compensation plan is sponsored by the State of North Carolina and governed by the Department of the State Treasurer. The plan administrator for this program is Prudential. The 457(b) is a supplemental retirement plan that allows employees to set aside payroll-deducted contributions on a pre or after-tax basis. Pre or after-tax contributions may be invested in fixed and variable accounts under this plan. Account…

…nt for unused vacation leave and/or prorated longevity, your average final compensation may be increased by the extra payment(s). Final payments, if any, for unused sick leave or reimbursements for expenses are not includable in your average final compensation. Creditable service The total of all service credit that counts toward retirement. It includes membership service for any period during which you contribute to TSERS, provided you have not w…

…y Selection worksheet (see below) and submits it to their Classification & Compensation Consultant along with the materials submitted by the interested employees. The department maintains their selection materials internally and the materials submitted to Classification & Compensation will be uploaded to ConnectCarolina with the other reallocation documentation Summary of Internal Opportunity Selection Worksheet (pdf) | fillable form for submittin…

…Compensation policies that apply to employees at UNC-Chapel Hill, including longevity, holidays and paid time off. Holidays & Holiday Pay Leave, Paid time off, Payouts & Transfers Longevity Pay Wage Hour Career Banding Salary Administration Plan SHRA Salary Increase Guidelines The University of North Carolina’s SHRA pay bands and policies on compensation are set by the Office of State Human Resources (OHSR).  …

…This content is Onyen protected. Please enter your Onyen to log in and view it….