Baseline salary definition
Baseline salary means a member’s Average Monthly Compensation during the 12 consecutive months in which the member received Compensation immediately preceding the first month of Compensation used to calculate the member’s retirement ben- efit. The Baseline Salary shall include only Compensation from the Same Employer that paid the Compensation used in the cal- culation of a member’s retirement benefit. If the member has less than 12 consecutive months in which the member received Compensation immediately preceding the first month of Compensation used to calculate the member’s retirement benefit, then the ASRS will calculate the member’s Baseline Salary as the total of the 12 months of Compensation the member received:
Examples of Baseline salary in a sentence
Baseline salary for incoming teachers in 2015-2016 will be defined as follow: $ 34,322 $ 39,194 Employees with additional years of outside teaching experience will receive a flat stipend of two hundred and fifty (250) dollars per year for each year of experience outside of PCCS to a cap of five (5) years or one -thousand two hundred and fifty (1250) dollars.
Baseline salary for incoming teachers in 2019-2020 will be defined as follow: $ 37,824 $ 43,175 Employees with additional years of outside teaching experience will receive a flat stipend of two hundred and fifty (250) dollars per year for each year of experience outside of PCCS to a cap of five (5) years or one -thousand two hundred and fifty (1250) dollars.