YOUNGSTOWN, Ohio (WYTV) – The Youngstown State University Board of Trustees gave their approval Tuesday to a three-year contract with its faculty.
The union membership approved the pact last week.
The contract, which is retroactive to August 2014, calls for a pay freeze this year, a 1 percent raise next year and a 2 percent raise in the third year. It also gives bonuses up to $2,000 based on academic rank in the second and third year of the contract.
The increases are counterbalanced by the elimination of Extended Teaching Service, which provided a continuing teaching opportunity for retiring faculty at a premium rate for up to five years, and a reduction in summer pay, sabbatical pay and pay for web-based courses. Also included is a retirement incentive for faculty who retire prior to the 2016 academic year.
The elimination ETS and the reductions in compensation for web-based courses and summer pay will provide significant savings to the university during the term of this agreement and after, according to university spokesman Ron Cole.