Compensation

Cost of Living Adjustments

Within Georgia House Bill 916, the Governor and General Assembly have proposed a Cost-of-Living Adjustment (COLA) for full-time, benefit- eligible state employees to be effective July 1, 2024. Eligible Georgia Tech employees will receive a 4% increase to base salary, not to exceed $3,000. 

The majority of pay adjustments will be completed in July, but there are many unique situations, such as mid-year hires, job changes, and leave statuses, that will require manual pay adjustments through the end of August.

Note: The information below is current as of May 23, 2024. Updates are ongoing. Additional FAQs and details will be published as soon as they become available. 

Who is eligible?

The 4% increase to base salary not to exceed $3, 000 is for all active, regular, benefits-eligible faculty and non-academic staff at Georgia Tech. The increase will be prorated based on full-time equivalency (FTE). Employees not receiving benefits, including temporary workers and those working less than 30 hours per week, are not eligible for the increase. There may be exceptions to the eligibility population based on unit structure and funding.

When will payments be issued?

  • Eligible employees paid biweekly will see the rate increase in their July 12 paychecks.
  • Eligible employees paid monthly will see the rate increase in their July 31 paychecks.
  • Academic contracts being renewed effective August 1 will see the rate increase in their August 30 paychecks.
FY25 COLA Town Hall

FY25 COLA Town Hall | May 23, 2024

Colleagues from Georgia Tech Human Resources and the Budget Office join Vice President and Chief Human Resource Officer, Skye Duckett. Together, they answer audience questions about the implementation of the increases.

Click to view Town Hall slides

Frequently Asked Questions

Eligibility

Who is eligible for the salary increase?
Are students eligible for the increase?
Are part-time employees eligible?
Are employees on limited term hire agreements eligible?
If an employee moves from an eligible position to a non-eligible position (i.e., PT/Temporary position) on July 1, do they qualify to receive the COLA?
Will employees on interim assignment be eligible to receive COLA?
Where can I see my increase?
If an employee is eligible, will they receive a lump sum of $3,000?
Will COLA be included in offer letters?
Are employees currently on paid leave of absence, unpaid leave of absence, and short work break eligible?
Are Post Doctoral Fellows eligible for COLA?
How will the COLA increase in benefit premiums be processed for employees on benefits billing with Alight (unpaid leave of absence, suspensions)?
How will the COLA affect summer semester salaries?
Are foreign nationals eligible to receive COLA?
Are employees with future hire dates eligible to receive COLA?

Timing and Pay FAQs

How will the base salary increase be taxed?
Is the base salary increase retirement eligible?
Is an employee eligible for the salary increase if the resulting salary places them over the institutions's pay grade maximum for their job classification?
Will COLA be included in the offer letters?
What is the effective date of the COLA?
If an employee is scheduled to receive other increases to their base salary (i.e., promotion) prior to July 1, 2024, what date will be used to calculate the COLA?
What is the effective sequence of salary adjustments?
When will benefits premiums be increased based on the adjusted salary?
How much will an employee who is earning $75,000 or above receive for the COLA?

Funding and Budget FAQs

What funding source should be utilized for the increase to base pay?