Cost-of-Living Adjustment COLA 2022 COLA Distribution 10 Month Faculty If a 9/10 month exempt employee began employment before or during August 2021, the employee is awarded the full contract period and will be eligible for the full supplemental payment. The ongoing increase for FY23 will be applied and appropriately distributed across the 9/10 month pay schedule. Based on the standard payment schedule, the 9/10 month employee will receive $250 less than the full $5,000 for FY22. The remaining $250 will be paid as regular earnings supplement during the month of May. If the 9/10 month exempt employee was hired after August 2021, the supplement will be prorated.
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