Benefit Rates

2020-21 2021-22 2022-23 2023-24 2024-25
Contract*: 45.45% Contract*: 46.50% Contract*: 47.00% Contract*: 47.50% Contract*: 48.00%
Payroll**: 7.58 Payroll**: 8.30% Payroll**: 8.30% Payroll**: 8.30% Payroll**: 8.30%
Students***: 0.40% Students***: 0.80% Students***: 0.80% Students***: 0.80% Students***: 0.80%

Inflation Rate for use in calculating multi-year salaries and wages: 3% increase per year.

*Contract: Exception (salary and salaried payroll including federal employees)
**Payroll: (hourly wage)
***Students: Students attending at least 50% time (An employee is considered a student if he/she is registered for 6 credits in an undergraduate program or 3 credits in a graduate program)

Current Benefit Rates Memo