AVMA freezes staff salaries for 2010
"Given the current economic situation, the board appropriately felt they needed to withhold those funds to reduce or eliminate a potential budget deficit in 2010," says AVMA Chief Executive Officer Ron DeHaven.
The freeze will result in an estimated $300,000 in savings for the year, according to AVMA, and affects about 130 employees. In April 2009, the board had approved a roughly 3 percent salary increase for AVMA staff, but reconsidered that increase at its November meeting. AVMA carried a $7 million deficit in 2008 and is anticipating a smaller deficit for the close of 2009 but made the decision to avoid being "fiscally irresponsible."
The pay freeze is the first time the executive board has declined a pay increase in more than a decade, says AMVA.