The General Assembly in accordance with Act XX, 1985, section V, paragraph 1.4, which requires the salaries of professors to be kept under review, enact as follows:
1.1 All Professors appointed by this or subsequent General Assemblies shall receive a disturbance allowance to reimburse them for expenditure necessarily incurred as a consequence of appointment, up to a maximum of one-quarter of the Equal Dividend. The provisions of Act VI, 1979, in relation to removal costs, shall continue in force.
1.2.1 In respect of bonds granted by the General Trustees on security of a house which shall hereafter be purchased by a newly appointed Professor, the College Board are directed to subsidise from the College Fund the rate of interest paid so that in the period from a Professor’s induction up to 31st December of the following year he shall pay interest at two and one-half per cent per annum, and that in each subsequent calendar year he shall pay at a rate of interest one-half percentage point higher until the rate of interest he pays equals that which the General Trustees charge, after which no subsidy shall be made.
1.2.2 The capital sum in respect of which the subsidy of 1.2.1 is paid shall not exceed six times the Equal Dividend current at the date of the Professor’s induction.
2.1 All Professors shall be paid a salary equivalent to the Equal Dividend plus threequarters of the Equal Dividend, plus a non-pensionable supplement equal to one-quarter of the Equal Dividend.
2.2 No retrospective payments shall be made of the disturbance allowance of 1.1, and Professors appointed prior to this Assembly shall not be eligible for any increase in the capital sum allowed by 1.2.2 or for retrospective payments of the interest subsidy of 1.2.1, but they may from this date be eligible for interest subsidy under 1.2.1 for the remaining term of any bond.
2.3 The pensions of all Professors shall be based on one-and-three quarter times the Equal Dividend, subject to this being remitted to the Stewardship and Policy Committee for their immediate attention, with powers to implement if possible.