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Faculty Pay Rate

Thoughtful

The funding base for all university employees (faculty and staff) at Old Dominion University and other public institutions in the State of Virginia is set by the Virginia General Assembly. Once the annual budget for Old Dominion University is passed and signed by the Governor, the University can implement salary increases. In some years, the Legislature has provided no additional funds for salary increases. In other years, the Legislature has taken funds from the University, thus allowing for no salary increases. In yet other years, the Legislature has mandated raises and/or specified parameters and allocated funds for merit and/or additional compensation.