Fiscal Year 2025 Budget: Salary Considerations
For Fiscal Year 2025, Pitt’s Board of Trustees approved a 3% salary pool increase for nonrepresented faculty and staff, and a 3% salary pool for unionized faculty. The rate increase is roughly aligned with the rate of inflation.
There are two salary pools for nonrepresented faculty and staff:
- Performance-based maintenance increases: All eligible nonrepresented faculty and staff members who performed at a successful level or higher during the last year will receive a well-deserved 2.5% increase. Successful staff performance is defined through the Annual Performance Management program.
- Merit, market and equity-based increases: Additionally, a separate compensation pool of .5% will be allocated based on Responsibility Center (RC) salary budget levels. This pool is available for merit-based adjustments, which include performance above expectations, along with addressing market competitiveness and ensuring equitable compensation across our workforce, as well as continued equity considerations for those affected by Compensation Modernization.
Salary increases or any relevant adjustments will be included in Sept. 30 (if paid monthly) or Sept. 20 (if paid biweekly) pay but will retroactively take effect as of July 1, 2024.
Salary considerations for represented faculty:
An annual maintenance increase of $3,140 takes effect on July 1, 2024, for full-time bargaining unit faculty members (all designations), who performed at a satisfactory level or higher during the previous fiscal year. In the aggregate, this increase is equivalent to a 3% salary pool increase for all full-time represented faculty.
Other bargaining unit faculty employees should consult their Collective Bargaining Agreement for salary increase information.
Salary increases or any relevant adjustments will be included in Sept. 30 pay.