May 14, 2010
To UMB Faculty and Staff
As you are aware, the State of Maryland continues to face budget shortages. The Governor and General Assembly have required, and the Regents have concurred, that each campus must institute a temporary salary reduction plan. Chancellor Kirwan and his staff have established certain principles that all salary reduction plans must follow. A copy of these principles is available at http://www.usmd.edu/usm/adminfinance/hr/furlough2011.pdf.
The Deans and I are working to craft a Temporary Salary Reduction (TSR) Plan for UMB. While the dollar value of the salary savings generated by the plan remains the same as last year -- approximately $5 million -- we are working to spread the plan over more pay periods, (26 instead of 20), with smaller reductions in each pay period.
Once we have received approval from the Chancellor, I will post the detailed plan, together with a set of 'Frequently Asked Questions' on the campus website.
In the meantime, thank you for your patience, understanding and professionalism. Our 203 year old campus has a strong tradition of prevailing despite adversity. While this current financial setback is not a choice of ours, we nevertheless consider ourselves fortunate when compared with other institutions or even the general public. We will continue our march toward excellence in the spirit of cooperation and public service for which we are well-known.
E. Albert Reece, MD, PhD, MBA
Acting President of the University of Maryland, Baltimore
John Z. and Akiko K. Bowers Distinguished Professor
Dean of the School of Medicine