The University of California Board of Regents is expected to slash pay for faculty and staff during the same meeting where they’re set to approve funds for rebuilding Memorial Stadium.
UC President Mark Yudof announced Friday that he’ll present the regents with a plan for pay cuts when they meet July 14-16 at UCSF Mission Bay.
Yudof’s proposal, released in a “Dear Colleagues” letter, calls for a sliding scale of cutbacks delivered through unpaid furlough days, ranging from a cut of 4 percent for those earning $40,000 or less up to 10 percent for those earning over $240,000.
Unpaid days off will range from 11 at the bottom end to 26 at the high end.
The one exception is senior management, who will take only 10 furlough days “even though their pay cut percentage may be higher,” according to Yudof’s letter.
Lawrence Berkeley National Laboratory (LBNL) employees have been exempted from the cuts, and exemptions will also be granted to some other employees.
“Systemwide furloughs will produce $515 million from all fund sources,” Yudof wrote, “including $184 million in General Fund savings, which equals roughly one-quarter of our state funding deficit.”
Action on the cuts is set for the Wednesday morning meeting of the Committees on Finance and Compensation as part of a package which includes a declaration of financial emergency.
For more on the proposal, click here.
During the same three-day meeting, the regents are expected to confirm the appointment of A. Paul Alivisatos as LBNL interim director pending the hiring of a permanent replacement for Steven Chu, who left the lab to become President Barack Obama's secretary of energy.
The proposal before the regents would pay Alivisatos—who won’t be affected by the cuts—A base salary of $357,000 plus another $49,980 additional stipend and a $8,916 car allowance. He will also be entitled to a home loan “up to policy limits.”
The board’s Committee on Grounds and Buildings is also expected to approve $18.3 million in interim financing for preliminary plans for renovation of California Memorial Stadium, the landmark Berkeley structure that sits directly over the Hayward Fault.
The full schedule for the three-day meeting is available online here.