Resolution: Four-year Initiative for Increasing Faculty Compensation

RESOLUTION from Faculty Senate Operations Committee

The Faculty Senate of the University of New Mexico endorses the University's proposed, four-year initiative to increase faculty compensation, at all professional ranks, to levels equal to the averages for our peer institutions. Based on assumptions made in this initiative, the Faculty Senate emphasizes the need for a minimum 6 percent compensation increase for both faculty and staff for 2000/2001. We encourage and will work with the University to take all necessary steps to assure that the four-year initiative succeeds, meaning nothing less than minimum 6 percent faculty and staff compensation increases for each of the next four years.