Saturday, June 5, 2010

Dr. Chen Got A Raise. But, How much?

Yesterday, Dr. Chen received a letter from the Provost of the University. The letter says, "I am pleased to inform you that .... you will receive a basis rate adjustment of 3.93% salary increase effective August 23, 2010."

The letter continues, " As a reminder, the Governor issued Executive Order 285 mandating furloughs currently remains in effect through June 30, 2011. Therefore, under the UW System plan for implementing the furloughs, your salary will be reduced by 3.065% through June 30, 3022."

So, Dr. Chen net salary raise ends up of 0.865% of raise in 2010.

The letter continues, " Congratulations on your salary adjustment. I wish you continued success in your career."

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