GSIs want both a fair contract and a fiscally responsible institution. Fortunately, we can have both! Below are the costs of some of the items on the table. Remember that we have a $7 billion dollar endowment to work from, and that the University of Michigan’s general fund is $1.3 Billion. The total cost of GSI salaries per year is $24 million, or 1.8% of the general fund. Basically, we’re a bargain!
Some issues on the table and their cost:
Full Health care for GSIs teaching at fractions above 0.2
$270,000 over the life of the 3 year contract
Wage Parity for low fraction employees
$60,000 per year
Last year’s 3% raise
$800,000
Some things GEO already conceded, and we will NOT be getting:
Full Health care for GSIs teaching at fractions below 0.2
$135,000 over the life of the 3 year contract
Dental Coverage II
$950,000 per year
Vision Coverage
$600,000 per year
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