Pay Calculation. The annual salaries of teachers shall be paid in twenty-six biweekly installments. The formula for calculating pay will be the daily rate of pay multiplied by the number of days budgeted for the position. This will establish an annual rate of pay. (Adult teachers are typically budgeted for 236 days.) The annual rate of pay will be divided by 2,080 hours to establish an hourly rate. This formula is designed to ensure that teachers receive pay throughout the year.
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