SAN DIEGO — The San Diego Community College District and its main union, relying on an uncommon “profit-sharing” formula, have amicably agreed on a new three-year labor contract.

The formula essentially promises the district’s employees 85 percent — in salary and benefits — of any new general revenue from the state while excluding certain streams of money such as grants. The figure is 85 percent because that is the portion of the district’s budget that is already allocated to salaries, benefits and other personnel costs.

http://www.signonsandiego.com/news/2011/mar/13/community-college-district-profits-from-unique/