Fruitport Community Schools Compensation Formula Sample Clauses

Fruitport Community Schools Compensation Formula. For the 2019-2020 school year, the parties agree to the following compensation formula to determine whether or not there is additional compensation beyond what is noted in Section 1 above. For the 2020-2021 school year, the parties agree to the following compensation formula to determine compensation noted in Section 1 above. a. Student FTE (fall) each year will be determined by the Fall Certified Alpha List. The district will provide the Association with the list as soon as the report is generated. b. If new sources of state revenue (current sources are listed within the baseline) are created in a school year that are unrestricted, they will be included in the calculation if they fund FCS staff. If any sources of state revenue are shifted from unrestricted to restricted, or eliminated, they will be removed from the calculation. c. Unless the parties otherwise mutually agree through a ratified successor agreement, the compensation formula shall expire June 30, 2021 and thereafter be null and void. Step 1: Total state revenues for the fiscal year in question are compared to the baseline state revenues provided in the baseline below. Step 2: Health insurance costs are going to be calculated by the baseline census data multiplied by the PA 152 hard caps. CILO costs are going to be calculated by the baseline census data multiplied by Article 4(D) of the Fruitport Education Association contract.. Increases in district health insurance compared to the proposed baseline figures are subtracted from the change in state revenues. Decreases in district health insurance costs compared to the baseline figures are added to the change in state revenues. The health care costs are calculated each year using the baseline census data Step 3: Any increase in state retirement costs due to the change in the district retirement contribution rate is subtracted from the change in state revenues. Any decrease in state retirement costs due to a change in the district’s retirement contribution rate is added to the change in state revenues. The retirement cost changes are calculated using the baseline of total salaries multiplied by the change in current MPSERS MIP graded rate compared to the baseline MPSERS MIP graded rate. Step 4: The total dollar impact of the change from the summation of Steps 1, 2 & 3 are compared to the charts below to determine the additional compensation for that fiscal year. 2019-2020 CHART Total Impact (Low) Total Impact (High) Additional Compensation less t...
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