Tuesday, March 25, 2014

Afterthoughts on the 3% Pay Raise

An email notice went out yesterday to all academic personnel (including faculty) at UCLA announcing a 3% pay general increase this coming July 1.  Two things to note before celebrating.  Pension contributions of employees in Tier 1 went up 1.5% last July 1 and will go up again by 1.5% this coming July 1.  1.5+1.5 = 3.  There is also the statement in the email that although Oakland "approved" the 3%, it did not pay for it so the money will come from UCLA.  It's not clear exactly what UCLA paying for it will mean.  But presumably, there will be less of something else.  New hires?  What?

In short, things are not always what they seem:

No comments: