Nevada Proposal to approve annual incentive compensation plan
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How to fill out Proposal To Approve Annual Incentive Compensation Plan?
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NSHE Board of Regents Approves Up to 12% Cost-of-Living Allocation (COLA) Increase for Employees. On Friday, June 30 during a Nevada System of Higher Education Board of Regents Special Meeting, the Board announced their final vote to award up to 12% Cost-of-Living Allocation (COLA) increases to all NSHE institutions.
June 30, 2023 The University is pleased that in addition to this 12 percent COLA for our professional staff, the 2023 Legislature approved a 12 percent COLA for classified staff and 13 percent COLA for those covered under the NPU and AFSCME Collective Bargaining Agreement.
June 30, 2023 The University is pleased that in addition to this 12 percent COLA for our professional staff, the 2023 Legislature approved a 12 percent COLA for classified staff and 13 percent COLA for those covered under the NPU and AFSCME Collective Bargaining Agreement.
Lombardo signed Assembly Bill 522, which included much-needed COLA increases for state employees, including faculty and staff at UNLV and other NSHE institutions. The legislation included a COLA for eligible classified staff of 12% in FY 2024 (which begins July 1) and 4% in FY 2025.
Nevada enacted its FY 2022-2023 biennial budget in June 2021. The enacted budget included total spending of $23 billion in FY 2022 and $21.9 billion in FY 2023, and general fund spending of $4.6 billion in FY 2022 and $4.6 billion in FY 2023.
The bill goes beyond Lombardo's proposed 8% raise with another 4% raise next year. Democratic lawmakers built on that plan by increasing it to 12% in the 2023-2024 fiscal year ? a 50% increase over Lombardo's proposal.
State of Nevada employees are set to get a 12% salary adjustment effective July 1, 2023. Gov. Joe Lombardo signed the bill approving the increases on June 1.
Acting Chancellor Dale Erquiaga and the Council of Presidents request approval of an increase in the base salaries of all NSHE professional staff as a cost-of-living adjustment in an amount not to exceed 12 percent effective on July 1, 2023.