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1. Compensation
a. Faculty Appointme= nts and Salary Payments Annual faculty appointments generally comm= ence on July 1 and extend through June 30 of the following year. The annual= appointment presumes a nine-month teaching obligation during the fall and = spring terms on the part of teaching faculty members (usually late August -= May) and a twelve-month working obligation on the part of library faculty,= although the precise terms of each appointment may vary. Salaries are= paid on a monthly basis on the 25th of each month.
New faculty members must com= plete personnel records in the Office of the Dean of the Faculty and sign a= statement prescribed by the State of New York to support the federal and s= tate constitutions. In addition, they must complete other employment record= s in the Human Resources Department, including enrollment in the various be= nefit programs of the University. It is important that these records be com= pleted prior to July 1, since no compensation payments can be processed wit= hout this information. The first paycheck for new faculty members is paid o= n July 25. The benefit programs for new faculty members go into effect on J= uly 1.
b. Salary Advances= strong> Salary advances are made at the discretion of the University and ma= y only be requested for emergency circumstances. A request for a salar= y advance may not exceed 50 percent of the gross monthly base payroll and w= ill be withdrawn from regular paychecks over a period of time not to exceed= four months. Requests for salary advance are reviewed by the Vice Provost for Administration and Planning= . If a request is approved, only one salary advance will be made by = the University to respond to a particular emergency.
c. Policies Governin= g Compensation Increases Since the early 1960s, Colgate has made a= determined effort to maintain faculty salaries and benefits comparable to = those of other leading liberal arts colleges. The Faculty Compensation Guid= eline, a policy statement first approved by the Board of Trustees in 1973 a= nd later reviewed and modified in 1979, provides a formula for the aggregat= e budgeting compensation increases each year. It ties the average increase = in faculty compensation to the two-year average increase of national per ca= pita disposable personal income.
Individual salary increases,= including recognition of merit, promotion, and overall salary structure, a= re recommended by the President to the Board of Trustees on the advice= of the Dean of the Faculty. The Dean=E2=80=99s recommendation is based on = consultation with department chairs and division directors.
2. Benefits The description of the b= enefit program available to Colgate faculty is described in the Faculty Ben= efits Summary, available at the Human Resource= s Department.