Economic Agreement School Years 2009-2011 Sample Clauses

Economic Agreement School Years 2009-2011. The Spring Lake Education Association and the Spring Lake Board of Education, hereby agree to the following economic compensation for a new contract covering the school years 2009-2011. BA Base Salary 2009-2010 The base for 2009-2010 will be $40,121 The Board shall deposit an additional .25% of each member’s base salary into a 403(b) account designated by the employee pursuant to current limitations as a non-elective employer contribution. Such deposits shall be made in January and June of 2010. Employees must ensure that all necessary paperwork is submitted to the business office by December 1, 2009 for the January deposit and May 1, 2010 for the June deposit. BA Base Salary 2010-2011 The base for 2010-2011 will be $40,723 The Board shall deposit an additional .25% of each member’s base salary into a 403(b) account designated by the employee pursuant to current limitations as a non-elective employer contribution. Such deposits shall be made in January and June of 2011. Employees must ensure that all necessary paperwork is submitted to the business office by December 1, 2010 for the January deposit and May 1, 2011 for the June deposit.
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