January 2023 Compensation FAQ

• 3% base-building compensation merit pool effective January 1, 2023, for all faculty and university staff who meet the eligibility criteria
• 6% base rate increase from 2020-21 rates by Spring 2023, for lecturers.
• Minimum wage increase will increase along with City of Denver minimum wage to $17.29/hour effective 1/1/2023.

Units will be given a merit pool of 3% of their total benefits eligible staff and faculty to allocate to their eligible employees based on the unit’s criteria.The 3% merit pool was already allocated to the Denver schools and colleges through the FY 2022-23 Budget Model.

• Campus will cover increases for General Funds – employees funded on other sources will need to self-fund.
• The 3% compensation increase for the Denver schools and colleges has already been allocated through the budget model process.

• Business units will enter merit increases within Axiom. Human Resources and Budget & Fiscal Planning will then export the adjustments for review and upload into HCM effective January 1.
• All increases of 6% or greater require a justification within Axiom.
  
  

• Eligible employees for the 3% base-building merit pool increase include regular faculty and university staff in Denver schools, colleges, CU Denver specific administration, and academic and student affairs who also meet the conditions below.
  • Must have received a “meeting expectations” or higher performance rating during the 2021-2022 performance management cycle, if no rating default to a “meeting expectations.”
  • Must have been actively employed at CU Denver as of Sept. 1, 2022
  • No out of cycle base increase after September 1, 2022
  • Must have an active (paid) appointment as of January 1, 2023

     

• The following employees with an active appointment as of September 1, 2022, are eligible:
  • Tenured and Tenure-Track Faculty
  • Sr. Instructors and Instructors
  • Clinical Teaching Track Faculty
  • Research Associate series (PRA, Senior PRA, Research Associate, Senior Research Associate)
  • Post Docs
  • Scholars-in-Residence
  • Research Faculty (not including temporary)
  • University Staff (not including temporary)

As approved by the state of Colorado legislature, classified staff employees received a 3% across-the-board base-building merit increase effective July 1, 2022 and are not on the January cycle for the 3% base building.

Employees with the following titles are not eligible for the merit pool increase:

• Part-time faculty (Adjunct, Lecturer, etc.)
• Student workers
• Student faculty
• Working Retirees
• Visiting Faculty
• Temporary employees (classified, university staff and research)

Summer research, teaching, administrative, or additional appointments are not included. Only primary appointments will be considered.

Check with your Human Resources Business Partner to find out which campus your department reports to. Dual employees that report to the Denver campus will be included in the January merit cycle. Those that report to the Anschutz campus will follow the July merit cycle.

HCM records will be updated with a January 1, 2023, effective date and will show on your January 31st, 2023, paycheck.

3% base building increase will follow the same taxes and benefits related to your regular monthly paycheck.

• Taxes and benefits will automatically be deducted from the payment and a breakdown can be viewed in “Paychecks” in MyCUInfo.

Yes, eligible employees will receive notification from their school, college or department detailing their base building adjustment and salary information.