{"667644":{"#nid":"667644","#data":{"type":"news","title":"Cost-of-Living Adjustment for Eligible Georgia Tech Employees ","body":[{"value":"\u003Cp\u003EIn July, eligible Georgia Tech employees will begin receiving a $2,000 Cost-of-Living Adjustment (COLA) recently approved by Governor Brian Kemp and the Georgia General Assembly. \u0026nbsp;\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003EThe majority of pay rate increases will be completed in July; however, there are many unique situations, such as mid-year hires, job changes, and leave statuses, that will require manual pay adjustments until the end of August. \u0026nbsp;\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u201cThis cost-of-living adjustment helps support the talented individuals who help our institution thrive,\u201d said Skye Duckett, vice president and chief human resources officer.\u0026nbsp;\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u201cWe appreciate the governor and state legislators approving these adjustments. They demonstrate a continued commitment to our employees\u2019 well-being, which includes financial wellness.\u201d\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cstrong\u003EWho is eligible?\u0026nbsp;\u003C\/strong\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003EThe $2,000 salary increase is for all active, regular, benefits-eligible faculty and non-academic staff at Georgia Tech actively employed on July 1, 2023. The increase will be prorated based on employees\u2019 work hours. Employees not receiving benefits, including temporary and those working less than 30 hours, are not eligible for the increase. There may be exceptions to the eligibility population based on unit structure and funding.\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cstrong\u003EWhen will the COLA increase take effect?\u0026nbsp;\u003C\/strong\u003E\u003C\/p\u003E\r\n\r\n\u003Cul\u003E\r\n\t\u003Cli\u003EEligible employees paid biweekly will see the rate increase in their July 14 paychecks.\u0026nbsp;\u003C\/li\u003E\r\n\t\u003Cli\u003EEligible employees paid monthly will see the rate increase in their July 31 paychecks.\u0026nbsp;\u003C\/li\u003E\r\n\t\u003Cli\u003EEligible faculty on academic year contracts will see the increase on their Aug. 31 paychecks.\u0026nbsp;\u003C\/li\u003E\r\n\u003C\/ul\u003E\r\n\r\n\u003Cp\u003E\u003Cstrong\u003EMore information\u0026nbsp;\u003C\/strong\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003EMore information about the COLA will be provided as soon as it becomes available. Additional details and instructions from the USG are still in draft format until the FY24 budget is approved. \u0026nbsp;\u003C\/p\u003E\r\n","summary":"","format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003EIn July, eligible Georgia Tech employees will begin receiving a $2,000 Cost-of-Living Adjustment (COLA) recently approved by Governor Brian Kemp and the Georgia General Assembly.\u003C\/p\u003E\r\n","format":"limited_html"}],"field_summary_sentence":[{"value":"A $2,000 salary increase for eligible faculty and non-academic staff at Georgia Tech will be effective this summer."}],"uid":"35084","created_gmt":"2023-05-03 22:19:41","changed_gmt":"2023-05-04 12:54:00","author":"cgrant60","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2023-05-04T00:00:00-04:00","iso_date":"2023-05-04T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"related_links":[{"url":"https:\/\/hr.gatech.edu\/cost-living-adjustment","title":"Cost of Living Adjustments"}],"groups":[{"id":"64303","name":"Human Resources"}],"categories":[],"keywords":[{"id":"192580","name":"cost of living"},{"id":"190186","name":"cost of living adjustment"},{"id":"168696","name":"Georgia Tech Human Resources"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}