Common use of Faculty Salaries Clause in Contracts

Faculty Salaries. ‌ Effective August 1st, each faculty member will receive one (1) experience point for each additional year of service at Montana State University – Northern which is considered part of the base salary during the term of this agreement. A. Faculty Salaries – 2019-2020 There will be a 2% normal salary increase. This will be distributed by increasing minimum salaries by 2.33% with no change to the value of a point. This will be effective the first pay period that includes January 1, 2020. Effective January 1, 2020, the minimum salaries will be increased by 2.33%, as follows: 1. Instructors shall be paid $338.83 for each point in excess of twenty (20) points plus a minimum of $38,845.96. 2. Assistant Professors shall be paid $338.83 for each point in excess of thirty (30) points plus a minimum of $45,424.16. 3. Associate Professors shall be paid $338.83 for each point in excess of forty (40) points plus a minimum of $54,774.02. 4. Professors shall be paid $338.83 for each point in excess of fifty (50) plus a minimum of $63,667.36. Promotions and education points are effective August 1, 2020. B. Faculty Salaries – 2020-2021 Promotions and education points are effective August 1, 2021. There will be a 2% normal salary increase. This will be distributed by increasing minimum salaries by 2.33% with no change to the value of a point. This will be effective the first pay period that includes January 1, 2021. Effective January 1, 2021, the minimum salaries will be increased by 2.33%, as follows: 1. Instructors shall be paid $338.83 for each point in excess of twenty (20) points plus a minimum of $39,751.07. 2. Assistant Professors shall be paid $338.83 for each point in excess of thirty (30) points plus a minimum of $46,482.55. 3. Associate Professors shall be paid $338.83 for each point in excess of forty (40) points plus a minimum of $56,050.25. 4. Professors shall be paid $338.83 for each point in excess of fifty (50) plus a minimum of $65,150.81. C. Any new promotions in any rank will receive one additional salary point for the promotion in addition to the adjustments for promotion and education points addressed in this Article.