The Saginaw Valley State University Board of Control approved a three-year collective bargaining agreement with the SVSU Faculty Association (MEA/NEA) during a special meeting of the Board Monday, Nov. 30.
Terms of the agreement call for SVSU faculty members to each receive a $1,500 lump sum payment for the current fiscal year, and wage increases of 2% for the second year of the contract and 1.9% for the third year of the contract. The agreement also includes modest increases to the university’s contribution for members’ health insurance coverage.
“The dedication of our faculty has been on full display during this most challenging year,” said Donald Bachand, SVSU president. “They have adapted to emphasize student learning in new and innovative ways. They have become more proficient in online teaching. We appreciate their resiliency.
"We went into negotiations with the goals of recognizing the contributions of our faculty and maintaining the university’s long-term financial health. This agreement achieves those goals. I would like to thank all those involved for the time and thought devoted to successfully reaching an agreement.”
The contract was ratified by the membership of the SVSU Faculty Association Thursday, Nov. 19. The association represents approximately 270 faculty members.
The new collective bargaining agreement is retroactive to July 1 of this year and extends through June 30, 2023.