Common use of Certified Salary Savings Reallocation Clause in Contracts

Certified Salary Savings Reallocation. Members of the bargaining unit shall receive an increase funded from the savings of retiring and resigning bargaining unit members. For 2017-18, the total amount of the increase is $3,522 to be distributed to highly effective and effective teachers who were on staff in 2016-17 and who are current employees for the 2017-18 school year. Each highly effective and effective teacher will receive their increase defined by this contract within three pay periods of contract ratification and BOARD approval. This increase will be distributed through a single retroactive pay amount followed by an adjusted bi-weekly amount for the remainder of the contract. One hundred percent (100%) of this amount will be applied to the annual base salary of each qualifying employee.

Appears in 2 contracts

Samples: Bremen Public Schools, Bremen Public Schools

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Certified Salary Savings Reallocation. Members of the bargaining unit shall receive an increase funded from the savings of retiring and resigning bargaining unit members. For 20172015-18, 16 the total amount of the increase is $3,522 54,500 to be distributed to highly effective and effective teachers who were on staff in 20162014-17 15 and who are current employees for the 20172015-18 16 school year. Each highly effective and effective teacher will receive their increase defined by this contract within three two pay periods of contract ratification and BOARD approval. This increase will be distributed through a single retroactive pay amount followed by an adjusted bi-weekly amount for the remainder of the contract. One hundred percent (100%) of this amount will be applied to the annual base salary of each qualifying employee.

Appears in 1 contract

Samples: Bremen Public Schools

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Certified Salary Savings Reallocation. Members of the bargaining unit shall receive an increase funded from the savings of retiring and resigning bargaining unit members. For 20172016-1817, the total amount of the increase is $3,522 44,489 to be distributed to highly effective and effective teachers who were on staff in 20162015-17 16 and who are current employees for the 20172016-18 17 school year. Each highly effective and effective teacher will receive their increase defined by this contract within three two pay periods of contract ratification and BOARD approval. This increase will be distributed through a single retroactive pay amount followed by an adjusted bi-weekly amount for the remainder of the contract. One hundred percent (100%) of this amount will be applied to the annual base salary of each qualifying employee.

Appears in 1 contract

Samples: Bremen Public Schools

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