Since 1923 • For a greater Loyola

The Maroon

Since 1923 • For a greater Loyola

The Maroon

Since 1923 • For a greater Loyola

The Maroon

Some Loyola faculty set to receive raises

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The Maroon file photo.

Following a nine year pause on salary raises and faculty retirement contributions, university president Xavier Cole announced that faculty who received a one-time payment last fall, will have 50% of the adjustment permanently added to their salary.

This announcement came at the university senate meeting on Sept. 21.

In past years, Loyola has been among the least paid faculty, with full-time professors and associate professors having made about 25% less than the national average. Since 2013, Loyola has been experiencing significant financial troubles, with a peak in 2018.

On top of frozen salaries, retirement benefits were cut down from 8% to zero from 2018 to 2021. As of last fall, the university will be increasing faculty retirement at 2% a year.

Within the past couple years, Loyola has been making progress in earning back the money it had previously lost.

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Eloise Pickering, Worldview Editor
Eloise Pickering is a current freshman and the Worldview editor. She is a mass communication major, and her favorite movie is Spotlight. When not doing homework or working at the Maroon, Eloise can often be found pondering philosophically in Audubon Park. She has often been dubbed “The Thinker.” Eloise can be reached at [email protected].

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