Cost of One Percent Salary Increase

​

$37,25​9,000​​

Estimated 2017-18 Cost of One Percent Salary Increase

  2016-17 Final Budget​ 2016-17 Retirement Adjustm​​ent2016-17 Adjusted base2017-18 Cost of One Percent Salary Increase
Faculty    
Salaries$1,424,967,000 $1,424,967,000 $14,250,000
Retirement309,014,000 22,486,000 331,500,000 3,315,000
Social Security99,035,000 ​​99,035,000 990,000
Total$1,833,016,000 $22,486,000 $1,855,502,000 $18,555,000
Staff  ​​  
Salaries$1,404,241,000 $1,404,241,000 $14,042,000
Retirement345,930,000 21,044,000 366,974,000 3,670,000
Social Security99,148,000 99,148,000 992,000
Total$1,849,319,000 $21,044,000 $1,870,363,000 $18,704,000
Cost of 1%$3,682,335,000 $43,530,000 $3,725,865,000 $37,259,000