Cost-of-living adjustment for staff
Filed Under: President's Post, Featured Articles
Last Thursday, September 17, 2015, the Tennessee Board of Regents held its quarterly meeting at Jackson State Community College in Jackson, Tennessee. At that meeting, the Board took formal action to approve a 2% Cost of Living Adjustment (COLA) across-the-board (ATB) salary increase for MTSU employees.
The salary increase will be distributed to all unrestricted and restricted regular full-time and part-time benefit eligible employees and participants in the post-retirement service program on the payroll as of June 30, 2015. Each eligible employee will receive an increase equal to 2% of their June 30, 2015 salary or $750, whichever is greater. The minimum payment will be prorated for part-time employees. Increases for grant employees are part of the salary adjustments and their increases will be charged to the appropriate grant; and increases for auxiliary employees will be funded from auxiliary revenues. All increases will be effective in the October pay period but will include retroactive pay to July 1, 2015.
Unfortunately, due to limited funds available, these increases will not apply to adjunct faculty, temporary employees, graduate assistants, or student workers. It is my sincere hope that as resources become available we will be in a position to address these very important groups of employees.
Please know how much I value each of you and appreciate your good work. I am grateful that we are able again to give some salary increases to our employees.