After a lengthy stalemate, the trustees of the University of New Hampshire have inked a new five-year contract with professors.
Salaries will increase a combined 8.5 percent over the length of the contract through a combination of across-the-board salary increases and merit and equity-based pay hikes.
That averages out to an annual salary increase of 2.4 percent between July 1, 2010 and June 30, 2015, according to information provided by UNH.
The terms of the contract proposal were laid out in an independent fact-finding report released in May. Negotiators from UNH and the local chapter of the American Association of University Professors had failed to reach agreement on two similar fact-finder reports since their last contract expired in 2010, after being in effect for one year.