Benefit Rates
| 2021-22 | 2022-23 | 2023-24 | 2024-25 | |
|---|---|---|---|---|
| Contract* | 45.00% | 45.50% | 46.00% | 47.00% |
| Payroll** | 7.50% | 8.30% | 8.30% | 8.30% |
| Students*** | 0.40% | 0.80% | 0.80% | 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)