Honolulu (HawaiiNewsNow) - Professors in the University of Hawaii system approved a new contract. Their salary cuts stay for now but they'll recoup that and get a raise in a few years.
Voting closed Tuesday afternoon and it was a landslide. The terms of the contract are already in effect.
More than 83 percent of union members voted to approve the new six year contract. The professor's will take a 6.67 percent pay cut over the next year and a half. After that salaries will snap back to what they were last December. They will also be reimbursed the entire amount of the pay cut and they'll get a three percent raise on top of that in years 2014 and 2015.
As for retrenchment, the University cannot make any layoffs until after July 2011.
There will also be a payroll lag, meaning they'll get one less paycheck this year but that too will be re-paid when the employee leaves or retires.
In a statement University President MRC Greenwood thanked the faculty for the approval saying it's a necessary step to financial stability for the University of Hawaii system.
The University of Hawaii Professional Assembly had planned to sue but will now withdraw its motions.
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