|  | Senate Compensation Policy
Approved by Pratt Institute’s Board of Trustees on Dec 9, 2004
Compensation for Key Positions
The following key positions shall receive an annual stipend (or appropriate prorated portion for partial terms served), based upon the minimum starting salary in effect for full time professors as defined in the CBA as follows:
President – 24% of minimum starting salary;
Vice-President – 12%;
Secretary – 12%;
Treasurer – 12%;
Chairperson, Academic Programs & Policies – 12%;
Chairperson, Academic Initiatives – 12%; and
Chairperson, Academic Concerns & Support – 12%
An annual stipend (or appropriate prorated portion for partial terms served) shall also be provided for the following Senate designation:
Distinguished Teacher – 4%
Compensation shall be paid semiannually; on the second part-time pay date of each semester. Persons holding more than one compensated position within the academic senate (with the exception of Distinguished Teacher) shall receive compensation for only the highest paid position.
Compensation for 2008-2009 is based on percentages of the minimum
full-time professor salary of $60,000 [24% = $14,400, 12% = $7,200
and 4% = $2,400]
The Senate Compensation Policy is published on
page 17 of the Pratt Institute Faculty Handbook 2007. The FHB 2007
is available in HTML or as a downloadable PDF document (order a hard copy from the Pratt
Copy Center)
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