UVA President Sullivan to Present Faculty Salary Proposal
Sep 10, 2012 05:47 PM EDT
University of Virginia President Teresa Sullivan will present her faculty salary proposal to the UVA Board of Visitors this week. It's a plan that could use some of the endowment fund to cover those paychecks.
President Sullivan is expected to lay out a multi-year plan to address salaries for those who work at the university.
While UVA won't say what's in the proposal, NBC29 has learned that it will encourage the use of endowments to supplement faculty pay. This comes at a time when state funding will likely remain stagnant.
Sullivan is also expressing interest in using merit increases for faculty, but she also says that an effective and comprehensive peer review process would be necessary.
Currently, UVA ranks 26th in salaries compared to peer educational organizations in the Association of American Universities. The board says the target range is between number 15 and 19. The gap represents $4,300 in average salary.
The UVA Board of Visitors will meet on Thursday and Friday. Sullivan's proposal will be taken up during the preliminary meeting of the board at 1:00 p.m. on Thursday.
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