As the end of a busy year approaches, I want to thank you again for your hard work and your commitment to Pace University and our students. I write today with good news about salary increases for 2024.
This year, we are able to offer a two-step salary increase, effective January 1, 2024 (and therefore reflected starting on the January 15 payroll). These increases will be issued to full-time faculty and staff and part-time staff who were employed by Pace as of March 31, 2023, and who were ranked as fully meeting expectations or above in the annual performance review process. (Adjunct faculty salary increases are dictated per their collaborative bargaining agreement.)
All eligible faculty and staff meeting the above criteria will receive an across-the-board 2.5 percent salary increase. Additionally, each dean or vice president will have a 0.5 percent discretionary merit pool available for their eligible faculty and staff, based on performance. You should expect a merit communication from your unit head in January, with the merit increase effective January 1, 2024.
You can also find the 2024 University Holiday Calendar here. Note that because of the way the calendar falls next year, we will be starting the winter holiday break a day earlier than usual—resulting in an extra paid holiday for the year.
Thank you, again, for all that you do. I wish you a happy holiday season and a relaxing winter break.
