UST FACULTY members and support staff are set to receive their accumulated share in the interest earnings of tuition increases starting this month.
The release will cover Academic Years 2020–2021, 2021–2022, 2022–2023, and 2023–2024, the Office of the Vice Rector for Finance said in a memorandum on Oct. 10.
The faculty union had appealed for the distribution of accumulated interest earnings as it negotiated a collective bargaining agreement (CBA) with the UST administration. The CBA was signed in May 2025.
The share in interest earnings had remained undistributed pending confirmation of the final amounts to be credited to each employee.
READ: Faculty await release of interest on share of tuition hikes
“This is good news. The union is thankful to the management. In the CBA renegotiation, we shall ask for the basis of this computation, what kind of interest was this, of what total amount was it from, and related questions,” UST Faculty Union President Emerito Gonzales told the Varsitarian.
By law, 70% of tuition increases must go to salaries, wages, allowances, and other benefits of teaching and non-teaching personnel, while 20% is allocated to the improvement or modernization of buildings, equipment, libraries, laboratories, and similar facilities, as well as operational costs.
UST has three labor unions, one each for the faculty (USTFU), support staff (Samahang Manggagawa ng UST), and hospital staff (Ugnayan ng mga Nagkakaisang Manggagawa ng UST Hospital).
