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ARTICLE V: HUMAN RESOURCES/GENERAL
SECTION C: COMPENSATION

V.C.010

Fidelity Insurance is carried on all staff members who have fiscal responsibility. The amount of said insurance shall be adequate to provide coverage for funds on hand at any time.

Previous Policy No.: 4116.3
Amended: October 18, 1978
Approved: June 14, 1997

ARTICLE V: HUMAN RESOURCES/GENERAL
SECTION C: COMPENSATION

V.C.020

Payroll deductions as required by law for Public Employees Retirement System (PERS), Social Security, State Industrial Accident Insurance, and State and Federal income tax are made automatically by the business office of Rogue Community College. As permitted by law, an individual staff member can arrange for deductions for the credit union, United Way, professional associations, tax-sheltered annuities and IRS Section 125 options. Authorization by each individual staff member shall be made in writing.

Authority: IRS Section 125
Previous Policy No.: 4132.1
Amended: July 12, 1978
Approved: June 14, 1997

ARTICLE V: HUMAN RESOURCES/GENERAL
SECTION C: COMPENSATION

V.C.030

Each staff member of Rogue Community College is given the privilege of entering into an amendment of the existing contract reflecting a reduction in the salary of the staff member for the remainder of the contract term; and for those staff members who elect to accept such reduction in salary, Rogue Community College will apply for a non-forfeitable annuity contract and purchase same for the benefit of the staff member. The contribution of Rogue Community College for the purchase of the annuity contract from individual insurance companies shall be the amount of reduction in salary voluntarily agreed to by the staff member. Authorizations will continue until canceled in writing by the staff member. An employee may alter authorization once a year.

Authority: IRS 403 [b]
Previous Policy Number 4132.5
Amended: October 18, 1978
Amended: March 16, 1983
Approved: June 14, 1997

ARTICLE V: HUMAN RESOURCES/GENERAL
SECTION C: COMPENSATION

V.C.040

Worker’s compensation insurance coverage shall be provided for all Rogue Community College employees, as required by law. Procedures for reporting injuries, distributing worker’s compensation payments, and supporting return to work shall be established by the college administration.

Previous Policy No.: 4134.2
Adopted: March 16, 1983
Approved: June 14, 1997