NSHE Board of Regents Approves Up to 12% Cost-of-Living Allocation (COLA) Increase for Employees

On Friday, June 30 during a Nevada System of Higher Education Board of Regents Special Meeting, the Board announced their final vote to award up to 12% Cost-of-Living Allocation (COLA) increases to all NSHE institutions.

The NSHE Board of Regents acknowledges the importance of attracting and retaining talented individuals who play a vital role in shaping the future of higher education in the state. The approved COLA increase demonstrates the board’s dedication to supporting the well-being and financial security of NSHE employees. This decision also reflects NSHE’s commitment to fair compensation and the value placed on the contributions of every employee within the system. This increase will assist with employees’ wages and the rising cost of living, allowing them to continue providing quality education and services to students across Nevada.

NSHE Board of Regents carefully considered the financial implications and the impact on employees’ well-being. Recognizing the dedication and hard work of NSHE’s employees, the board unanimously voted in favor of the increase.

NSHE is grateful for the governor’s approved budget and appreciates the opportunity to allocate funds in a manner that prioritizes the needs of its dedicated workforce. This COLA increase is a significant and required step in continuing to offer an equitable and sustainable work environment across all NSHE institutions.