Posts tagged UC Riverside
To afford historic labor contract, UC considers cutting TAs, graduate student admissions
February 1, 2023 // The full financial cost of the labor settlements between UC and 48,000 academic workers who help power the vaunted teaching and research engine are still being tallied. But preliminary estimates have dealt a “financial shock to the system,” said Rosemarie Rae, UC Berkeley chief financial officer. The UC Office of the President estimates that the increased costs for salary, benefits and tuition across all 10 campuses will be between $500 million and $570 million over the life of the contracts. Individual campuses have come up with their own calculations: At UC Santa Barbara, for instance, the Academic Senate chair estimated that the cost of pay hikes alone could spiral to more than $53 million over three years.