The California State University Board of Trustees Committee on Collective Bargaining today, May 15, ratified the contract between the CSU and the California Faculty Association. Ratification by the full board is expected tomorrow.
The four-year agreement covers budget years 2006/07 through 2010/11 and will cost the CSU more than $400 million.
Under the new contract, projected average salaries for full professors will be $105,531; for tenure track faculty (all ranks combined) will be $90,593; and for part-time lecturers will be $53,677.
Compensation agreements with all employees and increased health benefits premiums will cost the CSU approximately $40 million more than the proposed 2007/08 CSU budget.
“Our focus now is on ensuring the university has adequate resources to pay for these compensation increases,” said CSU Chancellor Charles B. Reed. “We will continue working with the Legislature and the Governor to secure additional funding to minimize campus impacts.”