The Faculty Association of the University of Waterloo reached an agreement with the university over compensation on Feb. 4. Faculty members received a two-year salary settlement with wage increases of 2.6 per cent and salary floors and thresholds increases of 3 per cent the first year and a scale increase equal to the 2002 annual average percentage change in the Canada Consumer Price Index and salary floors and thresholds increases of scale increase plus 0.4 per cent for the second year. The agreement is effective May 1, 2002 to April 30, 2004.