148.1 Salary Continuation at Death

148.1 Salary Continuation at Death

A. Background

The University understands the need to continue the salary of a deceased faculty member to fulfill its obligation and to ease the adjustment of dependents.

B. Policy

The salary of a faculty member who dies while employed at Furman will be continued for a specified period, with payments made to his or her dependents or estate.

C. Guidelines

1. If the faculty member has signed a contract or if it is otherwise understood that he or she would have been employed by Furman for the following year, the amount to be paid will be the total of:

• the portion of the faculty member's current annual salary earned up to the date of death less the amount already paid plus
• an additional one-third of the faculty member's current annual salary.

2. If the faculty member has not signed a contract for the following year, or if there is reason to believe that he or she would not have been employed by Furman the following year, the amount to be paid will be the total of:

• the portion of the faculty member's current annual salary earned up to the date of death, less the amount already paid
• plus an additional one-third of the faculty member's current annual salary or the remainder of his or her annual salary, whichever is smaller.

3. This policy does not apply to commissioned members of the ROTC staff.

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