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Southern Lehigh School District Center Valley, PA

Southern Lehigh School District Center Valley, PA. Jeremy G. Melber, MBA Director of Business Services. Collective Bargaining Agreement . Education Association 2012-2016 Salary Structure is Base +/- “Shared Future Factor” Base raise is set at: 2012-2013 – 3.1% 2013-2014 – 3.1%

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Southern Lehigh School District Center Valley, PA

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  1. Southern Lehigh School DistrictCenter Valley, PA Jeremy G. Melber, MBA Director of Business Services

  2. Collective Bargaining Agreement • Education Association 2012-2016 • Salary Structure is Base +/- “Shared Future Factor” • Base raise is set at: • 2012-2013 – 3.1% • 2013-2014 – 3.1% • 2014-2015 – 2.8% • 2015-2016 – 2.8%

  3. Shared Future Factor (SFF) • Shared Future Factor Consists of Three Factors: • Local Revenue • Real Estate and Interim Property Taxes • Earned Income Tax • Realty Transfer Tax • Delinquent Real Estate Tax • Interest income • PSERS Increase • Health Insurance Increase

  4. Shared Future Factor • Each SFF has a: • Tipping Point • Factor Multiplier • Increase Cap (.30%) • Decrease Cap (-.30%) • Overall Total SFFhas a: • Increase Cap of 0.25% • Decrease Cap of (.025%)

  5. Local Revenue • Local Revenue is calculated by the percentage increase or decrease of the total of five local revenues over the last two fiscal cycles • Tipping point is 2.95% • Factor multiplier is (0.20) Example: 2013-2014 raise is calculated by: (FY 2012-2013) minus (FY 2011-2012) (FY 2011-2012) Factor Multiplier Tipping Point

  6. SLSD – 2013-2014 – Local Revenue 2012-2013 Local Revenue = $40,912,998.07 2011-2012 Local Revenue = $40,089,261.16 $823,736.91 / $40,089,261.16 = 2.054%

  7. PSERS Increase • PSERS increase is calculated by the increase in the approved PSERS rate from last fiscal cycle to current • Tipping point is 1.75% • Factor Multiplier is 0.30 • Example: • (2013-2014 PSERS rate) – (2012-2013 PSERS rate) 2012/2013 PSERS rate

  8. SLSD – 2013-2014 – PSERS Increase 2013-2014 PSERS rate – 16.93% 2012-2013 PSERS rate – 12.36% 4.57% increase

  9. Health Insurance Increase • Health insurance Increase is calculated by taking the District’s monthly expense on September 15 of each year, and dividing it by that month’s number of FTE’s participating on that day. The increase of the current fiscal year over the previous year is the increase you use. • Tipping Point is 6% • Factor Multiplier is 0.08

  10. SLSD – 2013-2014 – Health Ins. Increase

  11. SLSD – 2013-2014 – Health Ins. Increase

  12. SLSD – 2013-2014 – Total SFF

  13. SLSD – Total Contract Increase Base Increase = 3.10% Overall Final SFF = (0.25)% Total Increase = 2.85%

  14. Pros & Cons • Pro’s • Union shares in the ups and downs of the district • Economy plays a role • Con’s • All pay is retroactive on November 1st • Tax increases may have positive effect

  15. Questions???????

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