June 7, 2004



Holiday premium pay increased for hourly employees
Human Resources announced last month that Emory has increased its holiday premium pay for nonexempt employees scheduled to work official University holidays.

In a change that became effective with the May 31 Memorial Day holiday, employees will receive time-and-a-half; they also will continue to earn equivalent hours of paid leave within a year of the holiday worked.

Premium shifts often encompass more than the holiday itself. For example, for this year’s Independence Day holiday, premium shifts are defined as any between Saturday, July 3, at 11 p.m. and Monday, July 5 at 11 p.m.

For more information about Emory’s revised holiday premium-pay policy, call Beth Brundige at 404-727-5912.

Art exhibit open in law library

“Mystical Wildlife,” an art exhibit by Pitts Theology Library specialist Jef Murray and featuring paintings of many endangered or threatened wildlife creatures, is on display in the MacMillan Law Library through August 11.

The exhibit is free and open to the public. For more information, call the law library at 404-727-6826.

In the retirement plan investment-performance chart included in the May 10 issue of Emory Report, some rates of return for the period ending March 31 were printed incorrectly. In bond funds, the 10-year return on Vanguard’s GNMA Fund and High-Yield Corporate Fund were 7.30 percent and 7.14 percent, respectively. In stock funds, the 10-year return on CREF’s Equity Index is not available (the fund has not been in existence for that length of time), and the one-year return on Vanguard’s 500 Index Fund was 34.94 percent. In specialty funds, the one-, five- and 10-year returns on Vanguard’s Health Care fund were 32.45 percent, 12.41 percent and 21.04 percent, respectively. ER regrets the error.