Uses of Revenue
Compensation, $173.3 Million
Compensation Increases, 3% For All Employee Groups, $94.5 Million
It is essential that the CSU fund compensation that supports recruitment and retention of highly qualified and motivated faculty, staff, and management. The 2009/10 Support Budget plan includes a 3 percent compensation increase for faculty and staff. The actual distribution of the compensation increase will be determined by negotiations between collective bargaining units and the Chancellor's Office. Non-represented employee salary increases are set by the chancellor.
The following table shows the faculty and staff compensation components from which the 2009/10 cost of a 1 percent salary increase and total 3 percent increase in compensation funding are derived:
Estimated 2009/2010 Cost of 1 Percent Salary Increase
| 2008/09 Final Budget |
2008/09 Retirement Adjustment1 |
2008/09 Adjusted Base |
2009/10 Cost of 1 Percent Salary |
|
|---|---|---|---|---|
| Faculty | ||||
| Salary | $1,309,189,000 | $1,309,189,000 | $13,092,000 | |
| Retirement | 212,066,000 | (772,000) | 211,293,000 | 2,113,000 |
| Social Security | 96,225,000 | 96,225,000 | 962,000 | |
| Total | $1,617,480,000 | ($772,000) | $1,616,707,000 | $16,167,000 |
| Staff | ||||
| Salaries | $1,250,617,000 | $1,250,617,000 | $12,506,000 | |
| Retirement | 194,485,000 | ($578,000) | 193,907,000 | 1,939,000 |
| Social Security | 90,207,000 | 90,207,000 | 902,000 | |
| Total | $1,535,309,000 | ($578,000) | $1,534,731,000 | $15,347,000 |
| Cost of 1% | $3,152,789,000 | ($1,350,000) | $3,151,438,000 | $31,514,000 |
| Cost of 3% | $94,542,000 | |||
1 2008/09 Member Categories, State Miscellaneous-Tier 1 decreased from 16.633% to 16.574% (-.059%) and State Peace Officer/ Firefighter increased from 25.552% to 26.064% (0.512%). | ||||
The 2008/09 compensation base is comprised of salaries, retirement, and social security (OASDI and Medicare) budgeted by campuses. The 2008/09 compensation base has been adjusted for changes in employer-paid retirement rates (-$1.35 million) that will be processed by the California Department of Finance during 2008/09.