The Faculty Association has released details of a contract agreement it reached with the University administration one week ago.
Faculty members will receive retroactive raises in their May 20 paychecks this academic year, according to a Faculty Association press release.
The combined total amount will end up being a 6.5 percent raise for the 2011-2012 and the 2012-2013 academic years. Retroactive raises will also include some of the 100 faculty members cut in January, according to the release.
Faculty will also receive a three percent raise for the 2013-2014 academic year, according to the release.