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Salary Guide Construction and How it Impacts You

Salary Guide Construction and How it Impacts You. By: WTEA Negotiations Team. Base Salary. Total amount of all WTEA members salaries added together. WTEA as of 2009/2010 Contract = $31,610,237.00. Increment Cost. The price of moving each person up one step on the salary guide. Example:

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Salary Guide Construction and How it Impacts You

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  1. Salary Guide ConstructionandHow it ImpactsYou By: WTEA Negotiations Team

  2. Base Salary Total amount of all WTEA members salaries added together. WTEA as of 2009/2010 Contract = $31,610,237.00

  3. Increment Cost The price of moving each person up one step on the salary guide. Example: Step 14 = $64,450 Step 15 = $66,770 Increment = $2,320 %Increase = 3.6%

  4. Last Contract Settled at 4.25% What Happened: The 4.25% is a percentage of the base, not individual salaries. Each step will have a slightly different increase with the higher increases going to the top of the guide. More people moving up means a higher increment cost, which means less of a salary increase on the overall guide.

  5. Covering Increment Costs All BARGAINING UNITS: 2.1% next year 2.2% following year Means that the top stays the same, which impacts all of our retirements.

  6. Around the State Impact of State Laws: 2% cap on total increase of total budget. State has reduced contribution to public schools. Wall lost over 3 million dollars this past year. 2010/2011 budget is slightly lower than 2009/2010.

  7. In the Works • State of NJ Legislation Proposals: • $15,000 cap on sick/vacation reimbursement. • Approval of all contracts by County Superintendent. • Contract Imposition – “Last Best Offer” by BOE. • Paying 30% of Health Care Premiums. • 3% pension contribution increase. • 2% cap on Labor Costs. • Salary (including Longevities) • Health Care • Extra Curricular Activities • Other Stipends • Tuition Reimbursement • PD Reimbursement

  8. Potential Loss of Salary • Average Teacher Salary in Monmouth County = $61,230 • 1.5% of Salary for Health Benefits: $918.45 • Potential Losses: • 30% toward Health Care Premiums: $5,715.22 • NJ Direct 10 Family Coverage • With separate prescription card for 2011 • Additional Money towards Health: $4,796.77 ($5,715.22-$918.45) • 3% Increase in Pension Contributions: $1,836.90 • From 5.5% to 8.5% of Salary $6,633.67 additional Money coming out of your pay check

  9. Impact of 2% Cap Labor Cost

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