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Pitt trustees approve 2.5% merit pool, extend deferred incentive and redirect chancellor’s raise to staff pay project
Summary
The University of Pittsburgh board’s executive committee and compensation subcommittee approved a 2.5% merit increase pool for covered university officers, a five-year extension of a deferred compensation incentive for Senior Vice Chancellor for the Health Sciences Dr. Anantha Shekhar, and reallocated Chancellor Joan Gable’s 2.5% raise to a staff compensation modernization project.
The University of Pittsburgh’s executive committee and compensation subcommittee on Dec. 5 approved compensation recommendations that include a 2.5% merit increase pool for officers in place before June 1, a five-year extension of a deferred compensation incentive for Senior Vice Chancellor for the Health Sciences Dr. Anantha Shekhar, and, at Chancellor Joan Gable’s request, crediting Gable’s own 2.5% salary increase to expand funds for a staff compensation modernization project.
The action came during a public meeting called to order by the committee chair and streamed on YouTube. The chair said this is the first compensation cycle under the revised officer performance-evaluation and compensation process tied to the…
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