Fiscal Year 2018 Salary Pool

The Board of Trustees has approved a $2.2 billion FY18 operating budget, up from $2.1 billion in FY17. This pool of funds support increases for faculty and staff whose contributions are critical to the success of the University. The approved budget includes a 2.25% salary pool, which comprises a 1.5% maintenance pool and a 0.75% merit, market, and equity pool. Staff and faculty who have received a satisfactory/successful performance evaluation within the last fiscal year will receive a 1.5% maintenance increase and may be eligible for a merit, market, and equity increase, as well. These salary increases will be processed in the September paycheck.

For more information on the FY18 budget and salary increases, the University Times featured an article on the salary process, including frequently asked questions about pay increases. You can also revisit the Chancellor's letter and explore the HR website.