Posted on 04/03/2007 6:38:14 PM PDT by NormsRevenge
A labor showdown between the California State University system and its faculty union was averted Tuesday with a tentative accord on a new contract that provides a guaranteed pay hike of 20.7 percent over four years for professors, lecturers, coaches and librarians.
Negotiators for the CSU administration and faculty reached the agreement after 23 months of labor talks and mediation, as well as a series of threatened strikes on the system's 23 university campuses.
The California Faculty Assocation plans to put the proposed contract to a vote of its 12,000 dues-paying members later this month, union president John Travis told reporters. ...
"We expect our members to ratify this. We think it's a good deal," Travis said. "We pretty much got everything that we asked for."
The university system's top executive, Chancellor Charles Reed said, "This agreement strikes a realistic balance between providing deserved raises to our faculty and our limited financial resources.
He said a neutral fact finder appointed to help resolve the dispute provided "a roadmap to settle both economic and non-economic issues."
Reed estimated the pay hike more than $400 million over the next four years.
(Excerpt) Read more at sfgate.com ...
So bennies weren’t an issue this time around? They’ve got to spending more in bennies than they do on salaries.
20.7% over four years is less then 5% per year. Not knowing how long ago they received their last cost of living adjustment, it seems that this may not be such a bad deal.
the CSU system is such a good deal for Californians; I love the CSU’s and the libraries.
20.7% over four years is less then 5% per year.
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Close, but I think it’s more like 5.175% a year, if I still remember how to do division, that is. :-)
CSU Alum, by chance? ;-)
Norm, you are overlooking the increase on the increase.
For round figures, if a professor makes 100K per year and gets a 5% raise each year, at the end of four years he is making about $121,500 not $120,000.
Year one, is a $5,000 raise, year two $5,250.00 etc.
LOL, Kalifornia.
Bend over and grab those ankles, again and again and again and
Like compounding interest, eh? You get an A. :-)
Frankly, the CSU system, inspite of its, flaws is one of the best deals going for California residents.
You might be surprised to know that saving a bit less then $50.00/month for 17 years is sufficient to cover the cost of tuition at most CSU schools (assumes 5% annual rise in tuition and 10% interest rate on the investment).
Current tuition is less then $2,000.00 per semester.
If the link does not work, you would need to save $140.00 a month, using the same assumptions.
absolutely... best deal in the country... :) You too?
Nope, I never attended college but I been to a few frat parties in my yout’.
I agree on the bang for the buck or ROI tho.
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