State Assembly committee passes bill that would cap UC salaries

http://www.dailycal.org/2015/04/09/new-bill-aims-cap-uc-salaries/


At a Tuesday hearing, the California State Assembly’s Committee on Higher Education passed a bill that would establish a cap on UC employees’ salaries as a condition of receiving state funding.


Introduced Feb. 26, the original version of AB 837 would aim to prevent the University of California system from paying any of its employees a salary that exceeds $500,000. Since then, the bill has been amended to include a stipulation that the UC system must publish compensation information for its employees.


The first such publication of employee information would be on or before Feb. 1, 2016, and continue by every Feb. 1 thereafter. This information would include the cost of employer-paid benefit plan contributions, sources of funding for compensation costs and statistical summary reports for April and October.