Updated: 04/15/2014 1:08 PM |
Created: 04/15/2014 1:01 PM
By: Elizabeth Reed, KOB.com
Employees at the University of New Mexico will soon see a bump in pay.
On Monday, the board of regents approved a 2.5 percent pay raise for staff, graduate assistants and teacher assistants.
Faculty will also receive a three percent raise.
The money will come from changes to the university's health benefit plan. UNM will also use state funding and money from the UNM Foundation Fund.
The pay hike goes into effect July 1.