UF faculty, staff get raises starting July 1
Published: Thursday, June 19, 2014 at 5:22 p.m.
Last Modified: Friday, June 20, 2014 at 12:33 p.m.
All non-union faculty at the University of Florida received a 3 percent salary increase to make up for the 3 percent contribution the state required they make to their retirement fund. A report published Friday misstated how many faculty received the raise.
University of Florida faculty and staff will get their second raise in two years — following five years of salary stagnation.
Starting July 1, all eligible faculty will participate in a 3.5 percent merit increase pool, President Bernie Machen said Thursday. In addition, all eligible faculty and staff who earn $50,000 or less will get a $500 bonus, he said.
Eligible staff can participate in a 2.5 percent merit pool, Machen added.
The raises are being paid for out of a $25.9 million performance bonus the university received from the 2014 Legislature, Machen said. UF led the state university system in meeting the performance criteria established by the Legislature.
"Much of the university's success is due to the excellence of our faculty, staff and graduate assistants," Machen said in a letter that went out to all faculty and staff Thursday afternoon.
Money also will be available for faculty promotions in the coming year, he said.
Machen had made increasing pay his top priority, recognizing that salary increases will help UF achieve top 10 status "by retaining and rewarding outstanding faculty and staff."
Salary increases for about 1,700 faculty and about 4,000 graduate assistants in collective bargaining units are subject to union negotiation and approval, he noted.
Last year, the Legislature gave UF faculty what amounted to a 5 percent raise, an estimated $35.7 million boost in the payroll. The merit pay pool last year was 3.85 percent.
All non-union faculty at the University of Florida received a 3 percent salary increase to make up for the 3 percent contribution the state required they make to their retirement fund.
The effective dates for the increases are July 1 for employees on 12-month contracts, Aug. 7 for those on 10-month contracts and Aug. 16 for those on nine-month contracts.
The Legislature made no increase to employee health care premiums for those on the state plan, and no changes were made to state retirement plans, Machen said.