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Cost of One Percent Increase
Estimated 2024-25 Cost of One Percent Salary Increase

2023-24
Estimated Budget
2023-24
Retirement
   Adjustment
2023-24
Adjusted Base
2024-25
Cost of One Percent Salary Increase
Faculty
Salaries
$2,037,586,000

$2,037,586,000
$20,376,000
Retirement
$611,697,000
$0
$611,697,000
$6,117,000
Social Security
$137,118,000
$137,118,000
$1,371,000
Total Faculty
$2,786,401,000
$0
$2,786,401,000
$27,864,000
Staff
Salaries
$2,005,688,000

$2,005,688,000
$20,057,000
Retirement
$593,413,000
$0
$593,413,000
$5,934,000
Social Security
$132,145,000
$132,145,000
$1,321,000
Total Staff
$2,731,246,000
$0
$2,731,246,000
$27,312,000
Cost of 1%
$5,517,647,000
$0
$5,517,647,000
$55,176,000
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