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What are the main differences between the union and management salary proposals?

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What are the main differences between the union and management salary proposals?

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Under the union proposal, salary increases for the two year contract period will range from 8% to 14%. Eligible faculty members will receive step increases in 2006 and 2007, as well as step increases missed during the last contract period. In addition the union is asking for cost of living adjustments averaging 3% for each year of the contract and an additional step at the top of the salary schedule. Under the management proposal, salary increases for the two year contract period will range from 4% to 10%. Eligible faculty will receive scheduled step increases and steps missed during the last contract period but will receive a limited cost of living adjustment of only 1% a year. In addition, management is proposing the distribution of stipends to faculty at the bottom of the salary schedule. These are one time payments that do not become part of the base salary. Although management had at one time proposed adding two steps to the top of the salary schedule, this is not included in thei

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