SAN FRANCISCO (CBS / AP) — A key report released Monday calls on the California State University system to give faculty the pay raises they’ve requested as the two sides prepare for a five-day strike next month if they can’t reach an agreement.

Jennifer Eagen, president of the California Faculty Association, says the independent report confirms the position that faculty members are underpaid.

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The administration, however, says it doesn’t have the money to divert to more pay at a time when it has committed spending to other priorities.

Union members currently are in the second-year of a three-year contract.

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The faculty association is seeking a 5 percent salary increase for 2015-16. The university is offering raises of 2 percent.

The system’s 23 campuses enroll about 460,000 students, making it the nation’s largest public university system.

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