Cost of One Percent Increase

	2024-25 Estimated Budget	2024-25 Retirement Adjustment	2024-25 Adjusted Base	2025-26 Cost of One Percent Salary Increase
Faculty
Salaries	$2,153,744,000		$2,153,744,000	$21,538,000
Retirement	$604,997,000		$604,997,000	$6,050,000
Social Security	$145,008,000		$145,008,000	$1,450,000
Total Faculty	$2,903,749,000	$0	$2,903,749,000	$29,038,000
Staff
Salaries	$2,209,533,000		$2,209,533,000	$22,095,000
Retirement	$655,713,000		$655,713,000	$6,557,000
Social Security	$147,204,000		$147,204,000	$1,472,000
Total Staff	$3,012,450,000	$0	$3,012,450,000	$30,124,000
Cost of 1%	$5,916,199,000	$0	$5,916,199,000	$59,162,000