Finance and Business Committee
April 26, 2013
10:00 a.m.
Board Room – Academic Services Building
Frankfort, Kentucky
Agenda Item Background
B5
| To: | Board of Regents
Finance and Business Committee | Date:
April 26, 2013 |
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| From: | Ms. Anita Lockridge, Vice President for Finance Administration | |
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| Subject: | Human Resources Update | |
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| Reason for Consideration: | Informational | Enclosures: Yes |
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Background: Human Resource Services has initiated and continued several significant projects for the University as described below:
Annual employee "Total Compensation" statements completed and mailed to employee home addresses.
Request for Proposal for faculty and staff compensation and classification systems has been issued.
Initial planning for annual benefit renewal and open enrolment has been in process with broker, Neace Lukens, and the Employee Benefit Advisory Committee (EBAC).
Neace Lukens meet with EBAC and reviewed the health insurance renewal rates.
Neace Lukens has also provided guidance regarding the possible impact of the Affordable Health Care Act (ACA) on Kentucky State University.
HR policy manual updated to reflect change approved at the January 25 Board meeting regarding pay docking of exempt employees absent for a partial day without available leave.