What Are the Salary Floors and Increments for Faculty, Librarians, Veterinarians in 2024–2026?

Following the ratification of the most recent Memorandum of Settlement for Faculty, Librarians, and Veterinarians, the salary floors and salary increments have been increased as described below.

Salary floors

The salary floor for Faculty and Veterinarian Members:

Rank2023/242024/252025/262026//27
Professor or Veterinarian$107,650$118,388.09$122,531.67$126,207.62
Associate Professor or Associate Veterinarian$98,870$108,732.28$112,537.91$115,914.05
Assistant Professor or Assistant Veterinarian$93,506$102,833.22$106,432.39$109,625.36
Table 1: Salary floors for Faculty and Veterinarian Members 2023–2027.

The salary floor for Librarian Members:

Rank2023/20242024/20252025/20262026/2027
Librarian$90,739$99,790.22$103,282.87$106,381.36
Associate Librarian$81,072$89,158.93$92,279.49$95,047.88
Assistant Librarian$75,168$82,666.0185,559.32$88,126.10
Table 2: Salary floors for Librarian Members 2023–2027.

Cost of living increase

Prior to the application of any salary increase (including Annual Career Increments and any applicable Performance Increase), the base salary of each Member will be increased as follows:

  • July 1, 2024: 3.75%
  • July 1, 2025: 3.50%
  • July 1, 2026: 3.00%

Annual career increment

For Members who have received a performance rating of above “Unsatisfactory”, the base salary shall be increased as follows:

  • July 1, 2024: $2,950
  • July 1, 2025: $3,000
  • July 1, 2026: $3,050

Performance increments

Each year, a performance increment pool shall be established by multiplying the total number of all Members by the applicable value below:

  • July 1, 2024: $1,100
  • July 1, 2025: $1,100
  • July 1, 2026: $1,100

Members will be awarded a one-time lump sum based on performance evaluations on July 1.

Related links

For more details, see Article 53 – Compensation of the Collective Agreement.