2002 - 2003 Chancellor's memo regarding COLA

I am pleased to announce that the Board of Regents (BOR) of the University System of Maryland (USM) has approved the revised Fiscal Years 2002 and 2003 Nonexempt Salary Structure, effective July 1, 2001. (Salary Structure).

As in previous years, this action resulted from the review and analysis of market data in order to maintain a competitive salary structure at the USM institutions. This effort is in keeping with our commitment to review the Nonexempt Pay Program every two years to keep pace with current conditions.

The chart shows the established minimum and maximum for each pay range. Each pay range was adjusted in order to meet the market at the midpoint. All employees shall be paid at least the minimum of their respective pay range.

This revised structure provides the opportunity for continued merit increases up to the maximum of the pay range. Merit awards will take effect on July 1, 2001 and will be applied to the base salary. Payment of the COLA (a 4% increase on January 1, 2002) may exceed the maximum of the pay range.

These are significant improvements to the Nonexempt Salary Structure and we will continue to maintain a market-based salary structure to attract and retain quality staff. Thank you for your continued contributions in making the USM a first rate university system.

cc: Board of Regents

Presidents

Vice Chancellors

Systemwide Human Resources Committee