Common use of Transfer Salary Placement Clause in Contracts

Transfer Salary Placement. For employees who transfer to a position within the bargaining unit that is of a higher pay grade during the current school year, the employee’s current salary shall be multiplied by the final limiting percentage rate for the aggregate extension effective for collections in the calendar year in which the school year in question begins as determined by the Property Tax Extension Limitation Law (35 ILCS 200/18-185) and the employee’s new salary shall be the closest step to guarantee this amount. Should the total increase be less than 5%, the employee will be placed on the next highest step to guarantee a minimum 5% increase. For employees who transfer to a position within the bargaining unit that is of a higher pay grade effective the next school year, the employee’s salary will be calculated by advancing the employee one step in their current salary group and then multiplying this rate by the final limiting percentage rate for the aggregate extension effective for collections in the calendar year in which the school year in question begins as determined by the Property Tax Extension Limitation Law (35 ILCS 200/18-185). The employee’s new salary shall be the closest step in the new salary group to guarantee this amount. Should the total increase be less than 7%, the employee will be placed on the next highest step to guarantee a minimum 7% increase.‌

Transfer Salary Placement. For employees who transfer to a position within the bargaining unit that is of a higher pay grade during the current school year, the employee’s current salary shall be multiplied by the final limiting percentage rate for the aggregate extension effective for collections in the calendar year in which the school year in question begins as determined by the Property Tax Extension Limitation Law (35 ILCS 200/18-185) and the employee’s new salary shall be the closest step to guarantee this amount. Should the total increase be less than 5%, the employee will be placed on the next highest step to guarantee a minimum 5% increase. increase.‌ For employees who transfer to a position within the bargaining unit that is of a higher pay grade effective the next school year, the employee’s salary will be calculated by advancing the employee one step in their current salary group and then multiplying this rate by the final limiting percentage rate for the aggregate extension effective for collections in the calendar year in which the school year in question begins as determined by the Property Tax Extension Limitation Law (35 ILCS 200/18-185). The employee’s new salary shall be the closest step in the new salary group to guarantee this amount. Should the total increase be less than 7%, the employee will be placed on the next highest step to guarantee a minimum 7% increase.‌increase.

Transfer Salary Placement. For employees who transfer to a position within the bargaining unit that is of a higher pay grade during the current school year, the employee’s current salary shall be multiplied by the final limiting percentage rate for the aggregate extension effective for collections in the calendar year in which the school year in question begins as determined by the Property Tax Extension Limitation Law (35 ILCS 200/18-185) and the employee’s new salary shall be the closest step to guarantee this amount. Should the total increase be less than 5%, the employee will be placed on the next highest step to guarantee a minimum 5% increase. For employees who transfer to a position within the bargaining unit that is of a higher pay grade effective the next school year, the employee’s salary will be calculated by advancing the employee one step in their current salary group and then multiplying this rate by the final limiting percentage rate for the aggregate extension effective for collections in the calendar year in which the school year in question begins as determined by the Property Tax Extension Limitation Law (35 ILCS 200/18-185). The employee’s new salary shall be the closest step in the new salary group to guarantee this amount. Should the total increase be less than 7%, the employee will be placed on the next highest step to guarantee a minimum 7% increase.‌increase.