Salary Formula. 29.04.01 In each year of the Plan preceding the year of the leave, an employee will be paid 80% of his/her annual salary. The remaining 20% of annual salary shall be deferred and deposited to a separate trust account at the Chesley, Ontario branch of the Canadian Imperial Bank of Commerce with an account heading "Bluewater School Board In Trust for [name of employee]". The amount deposited to this account together with interest earned shall be retained for the employee to finance the year of leave. Consideration will be given to a request for a leave to be financed by deduction of a larger amount of salary over a shorter period of time. For example, deduct for three years to finance a leave in the fourth year or deduct for two years to finance a leave in the third year.
Salary Formula. The leave will be financed by spreading “n” years salary payments over an “n” plus one period. “n” is not to exceed four (4) years. The leave of absence must be taken in the final year of the Plan. A maximum deferral under the Income Tax Act in any given year is 33⅓%.
Salary Formula. All Members of the Bargaining Unit are to be on the salary formula. Those with extended contracts shall receive additional salary on a pro-rated basis. A Member of the Bargaining Unit employed for more than half time shall be placed on the salary formula and shall be paid a salary and benefits proportionate to the amount of time employed.
Salary Formula. The formula for Administrator salaries will always be based on 60% of the top (step 11) BA+35/MA amount in the teacher’s contract.
Salary Formula. Temporary Unit Members in Non-Credit Semester Program
Salary Formula. This formula is a generic guide for staffing, but schools need to be evaluated for logistics and other special circumstances as needed when requested by a Lunchroom Manager or Principal. This requested evaluation shall be performed in a timely manner.
Salary Formula. 18.12.04.01 In each year of the Plan preceding the year of the Leave, a Bargaining Unit Member will be paid a percent (i.e. 80% for 4 years to finance a leave in the 5th year) of the Member's annual salary. The remaining percent (i.e. 20%) of annual salary shall be deferred and deposited to a joint trust fund at the Employer's banking institution with an account heading "Bluewater District School Board in Trust for 'name of Bargaining Unit Member'". The amount deposited together with interest earned shall be retained for the Member to finance the year of Leave. It is understood that all interest earned shall be considered by the Member as interest income for income tax purposes.
Salary Formula. The steps of the 2004-2005 teacher salary schedule shall be computed by multiplying the 2003-2004 teacher salary schedule by 1.01 (increased by 1%). All steps of the 2005-2006 first semester will be computed by multiplying the 2004-05 by 1.015 (increased by 1.5%), and second semester by the 2005-06 first semester schedule by
Salary Formula. Change yr of experience to ( maximum of 33 years ) Change base salary to $ 27,150
