By RYLEE MOORE
On Aug. 31, The Amarillo College Board of Regents approved a pay increase for all full-time and part-time faculty in 2023. They also approved raising the minimum wage to $15 an hour.
The minimum-wage adjustment is scheduled to take effect sometime in November of this year, which will lift approximately 170 full-time and part-time staff members to the new threshold according to Joe Wyatt, communications coordinator.
The 3% pay increase will take effect starting in Jan. 2023, which will include all qualified employees, even those who get the hourly wage increase. The funding for the pay increase will be acquired from AC’s General Fund according to Wyatt.
“We are going to be able to pay for this $1.3 million increase to the budget for hourly wage increases from salary savings from vacancies from this past year,” Dr. Russell Lowery-Hart, president of Amarillo College, said.
The Board of Regents approved two additional employee wage compensation. One is to provide Inflationary relief and the other is designed as a retention payment. These are made possible by CARES Act funds.
The inflationary relief payments will be distributed in November. All full-time employees will receive $2000, and all part-time employees will receive $250. The retention payments will be distributed in June of 2023 and are reserved for full-time faculty and staff who were actively employed by Amarillo College as of Aug. 20, 2020, and who remain so through next June.