040013-Finance-and-Business-Committee-part-2.pdf — PaddleOCR-VL (Baidu)

Finance and Business Committee April 26, 2013 10:00 a.m. Board Room – Academic Services Building Frankfort, Kentucky Agenda Item Background

To:	Board of Regents Finance and Business Committee	Date: April 26, 2013
From:	Ms. Anita Lockridge, Vice President for Finance Administration
Subject:	Human Resources Update
Reason for Consideration:	Informational	Enclosures: Yes

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.