Educational Compensation. In addition to the salary set forth in 16.1-A, all administrators who have earned additional educational increments above the Master's Degree will be compensated as follows: Education Additional Compensation Master's + 15 Credits 2.0% of Step 2 of Elementary School Principal Base Salary Master's + 30 Credits 3.5% of Step 2 of Elementary School Principal Base Salary Master's + 45 Credits 5.0% of Step 2 of Elementary School Principal Base Salary Master's + 60 Credits or Ph.D 6.5% of Step 2 of Elementary School Principal Base Salary 16.2 The School District agrees to pay the administrative employee's contribution to the Public Employees Retirement System.
Appears in 2 contracts
Sources: Comprehensive Agreement, Collective Bargaining Agreement