Cost of One Percent Increase

$44,952,000​​

Estimated 2021-22 Cost of One Percent Salary Increase


2020-21
F​in​al Budget​ ​
2020-21
Retirement
   Adjust​m​​ent
2020-21
Adjusted Base
2021-22
Cost of One
Percent Salary Increase
Salaries
$1,701,102,000 $1,701,102,000 $17,011,000
Retirement
$468,745,000 ($29,004,000)
$439,741,000 $4,397,000
Social Security
$114,478,000 ​​$114,478,000 $1,145,000
Total Faculty
$2,284,325,000 ($29,004,000)
$2,255,321,000 $22,553,000
Salaries$1,678,099,000

$1,678,099,000 $16,781,000
Retirement$483,597,000 ($30,909,000)
$452,688,000 $4,527,000
Social Security
$109,117,000 $109,117,000 $1,091,000
Total Staff
$2,270,813,000 ($30,909,000)
$2,239,904,000 $22,399,000
Grand Total
$4,555,138,000 ($59,913,000)
$4,495,225,000 ​$44,952,000