Retroactive Pay Adjustments and Compensation Increases
May 5, 2023
In February 2023, the Governor introduced a supplemental FY23 budget that includes salary increases for the current 2023 fiscal year. The supplemental budget includes the negotiated FY23 3% salary increase for faculty and an additional 1% increase for staff, fire fighters, and local 6070 bargaining unit members. These increases cannot be applied to base salaries until the Legislature grants the University the budgetary authority to do so. Because the increases were to be effective at the beginning of the fiscal year that ends June 30, 2023, Â鶹´«Ã½ HR is working to apply both the increase to current salaries and also pay retroactively for the full 2023 fiscal year.
CHRO Dahl will provide an update next week on when salary increases can be expected to appear in paychecks. While Â鶹´«Ã½ Human Resources cannot pay increases without Legislative approval of the FY23 supplemental budget, the plan is in place to begin applying those increases as soon as approval is received. Watch your email for more information on what to expect and the timeline.