After months of negotations, the Ferris State University Administration and the Ferris Faculty Association came to an agreement on a new five year contract affecting 450 tenured employees.
The highlights of the contract agreement include an overall 2 percent annual salary increase in years one through three, and a 2.25 percent annual salary increase in years four and five. Also included is $300,000 annually for supplemental market adjustments.
The FFA voted on the new deal last week, while the Ferris Board of Trustees approved it Tuesday.
The new contract runs through June of 2023.