Cost of One Percent Increase
​

$46,610,000​​

Estimated 2020-21 Cost of One Percent Salary Increase


 2019-20 F​in​al Budget​ ​
2019-20 Retirement
   Adjust​m​​ent
2019-20 Adjusted Base
2020-21 Cost of One Percent Salary Increase
Salaries$1,718,274,000 $1,718,274,000 $17,183,000
Retirement$455,343,000 $28,850,000 $484,193,000 $4,842,000
Social Security
$116,155,000 ​​$116,155,000 $1,162,000
Total Faculty
$2,289,772,000 $28,850,000 $2,318,622,000 $23,187,000
Salaries$1,730,032,000

$1,730,032,000 $17,300,000
Retirement$471,531,000 $27,719,000 $499,250,000 $4,992,000
Social Security
$113,086,000 $113,086,000 $1,131,000
Total Staff
$2,314,649,000 $27,719,000 $2,342,368,000 $23,423,000
Grand Total
$4,604,421,000 $56,569,000 $4,660,990,000 ​$46,610,000