SACRAMENTO, Calif. (AP) — California State University employees who make more than $200,000 annually would have their salaries capped under a bill approved by the state Senate.

The measure would place a two-year moratorium on any pay raises for those employees, ending in July 2014. SB952 also would cap pay raises for those same employees at no more than 10 percent for four more years, until July 2018.

The bill's author, Democratic Sen. Elaine Alquist of Santa Clara, says it is wrong to give large pay increases to university executives at a time when student fees are increasing.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.