Transcription of 31.01.01 - Compensation Administration
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31.01.01 - Compensation Administration
Compensation Administration Revised November 15, 2016. Next Scheduled Review: November 15, 2021. Click to view Revision History. Regulation Statement The Texas A&M University System (system) is committed to providing excellence in education, research and service. The system shall maintain a Compensation program directed toward attracting, retaining and rewarding a qualified and diverse workforce. Within the boundaries of financial feasibility, employee Compensation shall be externally competitive and internally equitable. Reason for Regulation This regulation provides guidance regarding Compensation Administration while establishing uniform Compensation practices. Procedures and Responsibilities 1. GENERAL. Total Compensation includes not only direct pay but also indirect Compensation including insurance and retirement benefits and time off programs. The Texas Legislature sets eligibility requirements for these benefits and programs based on the definition of regular employee.
31.01.01 Compensation Administration Page 4 of 7 2.3.2 BRP replaced a state benefit that paid 5.85% of the first $16,500 of income as a Social Security tax supplement.
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