GAINESVILLE, Fla. (WCJB) – Officials with the University of Florida announced Monday afternoon that the school’s Board of Trustees voted unanimously to use $25 million in overhead cost savings to create a merit raise pool for faculty and staff.
The board voted to create a 4% merit raise pool for out-of-unit faculty and a 3.75% merit raise pool for staff, which will become effective Oct. 1. Raises for faculty in unions will need to be bargained. Faculty bonuses will also begin Oct. 1.
UF’s Trustees also approved a one-time $10,000 bonus to faculty who receive an “exceeds expectations” rating in their post-tenure review evaluations.
“It makes a huge difference when our faculty and staff know that we care about their hard work and what they do each day for our university,” interim president Kent Fuchs said. “As we look forward to the fall semester, there is a sense of excitement about our work to make sure that we elevate this great university.”
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