Cost Of Living Adjustment Unc System

1. Cost Of Living Adjustment Definition

June was a busy month for the N.C. General Assembly as it passed the biennial state budget and overrode Gov. Roy Cooper’s veto before adjourning. The passed budget signals a greater investment in, and support for, UNC Charlotte and the entire UNC system.Budget approved - UNC Charlotte’s top priority funded'The budget passed by the legislature invests in UNC Charlotte's top priorities: funding enrollment growth for our fast-growing campus, investing in faculty through the Faculty Recruitment and Retention Fund and recognizes our employees with a modest salary increase and a cost of living adjustment for our retirees,' said UNC Charlotte Chancellor Philip L. ​'The Board of Governors will soon make decisions with respect to campus allocations of $50 million in funding for repairs and renovations (R & R). Funding R & R is critical for UNC Charlotte as we renovate some of our older instructional and research facilities.'

The budget includes $46.6 million for enrollment growth funding for the UNC system, with about $15 million allocated to UNC Charlotte. The University remains the fastest-growing campus in the UNC system.

More than 50 percent of the total growth in the UNC system since 2009 has occurred on the UNC Charlotte campus.UNC Charlotte has experienced a 33 percent enrollment increase during the last decade and expects to enroll more than 29,000 students for the 2017-18 academic year. These funds will be used to hire talented faculty and staff and support critical programs and services that boost student success.Salary increases were another top legislative priority for UNC Charlotte. The budget includes a $1,000 across-the-board pay increase for all employees subject to the State Human Resources Act (SHRA), three bonus days of vacation and a 1 percent cost of living adjustment for retirees. In addition, the budget calls for flexibility in allocating increases for exempt employees.The budget includes $1 million to the UNC system for the faculty recruitment and retention fund. Over the years, access to these funds have helped UNC Charlotte attract and retain more than 75 outstanding professors in a variety of fields. It also allocates $1 million for the Research Opportunities Initiative – a UNC system competitive program that funded a data analytics program at UNC Charlotte.Unfortunately, the carryforward budgetary authority was not expanded beyond the current 2.5 percent. Another measure, increasing the chancellors’ approval authority for small capital projects from $300,000 to $1 million was not approved.

These business practices would have allowed the University to more efficiently address campus repairs and upgrades.“I want to thank the UNC Charlotte alumni, Board of Trustees, Foundation Board members and friends of the University who contacted legislators asking for their support of our campus,” said Betty Doster, special assistant to the Chancellor for constituent relations. Meet the New Members of the Board of GovernorsThe N.C. General Assembly recently elected 13 members of the UNC Board of Governors including, for the first time in several decades, an alumnus of UNC Charlotte: former Sen. Bob Rucho (’94).

To be eligible for the mandatory 2% salary increase, an employee must meet ALL of. The mandatory SHRA pay increase was funded through UNC Charlotte's.

Rucho, a retired dentist from Matthews, served eight terms in the N.C. Senate where he was a champion of the UNC Charlotte $90 million science building. He also served on the Board of Advisors for the Belk College of Business.(Rucho pictured here)Other recently elected members include:Rob Bryan (Charlotte) is senior vice president for corporate strategies and real estate at Cardinal Health Innovations. He served in the N.C. House of Representatives, where he rose to co-chair Education Appropriations and was a strong advocate for UNC Charlotte and higher education. Bryan received his undergraduate degree from UNC Chapel Hill and his J.D. From Duke University Law School.Carolyn Lloyd Coward (Robbinsville) is an attorney with Van Winkle Buck Wall Starnes and Davis P.A.

She received her undergraduate degree from the University of Tennessee and her J.D. From the University of North Carolina School of Law. She also served on the Western Carolina University Board of Trustees.Leo Daughtry (Smithfield) is an attorney and a wine wholesaler who served in both the N.C. Senate and House of Representatives, where he was elected majority leader.

He was a strong supporter of the UNC system during his legislative service. Daughtry received his undergraduate degree from Wake Forest University and his L.L.B. From Wake Forest University School of Law.Tom Fetzer (Wilmington) is president of Fetzer Strategic Partners, a lobbying firm, and served for three terms as mayor of Raleigh. He received his undergraduate degree from Wake Forest University and also served on the Western Carolina Board of Trustees.Kellie Blue Hunt (Pembroke) is director of finance for Robeson County. She received her undergraduate degree from UNC Pembroke and served on its Board of Trustees.Wendy Murphy (Wallace) is an alumna of UNC Wilmington. She served on the UNC Wilmington Board of Trustees for 10 years and served as co-chair of the Chancellor’s Search Committee at the University.Randy Ramsey (Beaufort) is founder of Jarrett Bay Boatworks Inc. And is a Bluewater Yacht sales principle.

He has served on the N.C. State Board of Trustees.Darrell Allison (Morrisville) was elected to fill an unexpired term.

He is president and founder of Parents for Educational Freedom N.C., a school choice group. Allison received his undergraduate degree from NC Central, where he served on its Board of Trustees. Is from UNC Chapel Hill.

By Laura LeslieRaleigh, N.C. — Retired state employees and teachers say 2017 is the year state lawmakers should help them catch up on the cost-of-living increases they've seldom seen in the past eight years.Since 2009, the cost of living has increased between 11 and 14 percent, depending on the benchmarks used, while retired teachers and state employees have received only a 2 percent total cost-of-living increase in their pensions. As a result, the real-dollar value of their pensions has dropped by about 10 percent.' You promised us cost of living, and now we're having to decide to buy medicine or buy food,' said Sen.

Joyce Waddell, D-Mecklenburg, a retired teacher and sponsor of Senate Bill 314, a proposal for a 2 percent cost-of-living adjustment, or COLA, for all retirees in 2017.North Carolina Retired School Personnel Association president Joan Vass said many of her members made very little while they were working, and many now live at or below the poverty level in retirement, so even a small increase would make a difference.' Many cannot make ends meet without finding a job, but most are really too old for that to be an option,' Vass said. 'Two percent in COLA in seven years is, in my opinion, a disgrace.' 'As a retired state employee, sometimes it gets pretty tough on what's getting paid and what's not getting paid,' agreed State Employees Association of North Carolina retiree leader Benny Brigman.Rep. Carla Cunningham, D-Mecklenburg, is a co-sponsor of the. She receives the state pension of her late husband, former state lawmaker Pete Cunningham, and she said she had to look hard to even find the one-time bonus lawmakers gave retirees last year in lieu of a COLA.'

Cost Of Living Adjustment Definition

I think it was $20,' Cunningham said.Cunningham noted that legislative leaders had found money for tax reform and larger contributions to the rainy day fund in recent years but not for retirees who worked for the state for many years.' One thing is for certain, we have not looked after our seniors in this state,' she said.

'What we do to the young and what we do to our seniors, it will tell the story for the entire state.' While the bill in the House has Republican primary sponsors, the bill in the Senate does not. That echoes 2016, when House lawmakers included a retiree COLA in their budget plan, but Senate leaders did not. At the time, Senate leaders said their concerns about the long-term fiscal health of the pension plan made them unwilling to place additional demands on it.The Senate version has been sent to the Rules Committee, a negative sign, while the House bill has been sent to the Pensions Committee.The Senate is expected to unveil its 2017 budget plan in the coming few weeks.