Some Details on the CSU Pay Raise

There have been various news reports indicating a union settlement with CSU on a faculty pay raise without providing any details. Now there are some details:

...The deal will provide a general salary increase of 10.5 percent over the next two academic years, kicking in the 5 percent raise on June 30, then another 2 percent on July 1* and 3.5 percent on July 1, 2017.

In order to minimize salary compression that has seen some faculty paid lower than more recently hired colleagues, additional 2.65 percent bumps will be available to thousands of instructors in 2017-18 based on their years of service.

The minimum raise for promotions from assistant to associate professor or from associate to full professor will increase to 9 percent from 7.5 percent. For faculty hired starting in fall 2017, the university will double the amount of time until they can access their retirement health benefits, to 10 years....

Source: http://www.sacbee.com/news/politics-government/capitol-alert/article70716282.html

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*Which is a complicated way of saying 7% on July 1 (with a symbolic 5% the year before).