LCC Faculty Colleagues —
We are writing with good news — inflation and our cost of living adjustment are higher than anticipated. The federal government released inflation data today, and the official figure for January 2023 to January 2024 is 3.09%.
This 3.09% is the Cost of Living Adjustment (i.e. COLA) that will be added to all faculty salary schedules for the 24-25 year.
In addition, faculty who are eligible for steps will advance one full step on the schedule (i.e., 3.75%) This will equate to a year-over-year increase for step-eligible faculty of approx. 6.95%.
More details about the contract rollover can be found in our email below from last week.
Your LCCEA Bargaining Team
Adrienne Mitchell
April Myler
Peggy Oberstaller
Russell Shitabata
Sarah Erickson