New Money
is defined as the amount of the total projected basic grant for the current year ending June 30, 2023, less the total amount of the total basic grant for the previous year on June 30, 2022. This “New Money” is available for bargaining teacher salaries, fringe benefits (e.g. TRF, FICA, VEBA, insurance contributions, retirement benefits, etc.) and stipends. Stipend One-time money paid in recognition of a particular performance in a compensation category. This stipend/bonus is treated as compensation subject to applicable state and local taxes. Base pay Recurring money added to the teacher’s base salary (excluding any stipend) Salary Range All teacher salaries will range between $40,000 and $75,373.53 for this contract period. Teachers may not earn salaries that exceed the salary range. Teachers may earn money from ECAs and stipends more than the salary range. Eligibility for Pay Increase and Stipend Teachers rated Ineffective or Improvement necessary will not be eligible for any salary increase (categories 1, 2, or 3) in the current year and will remain at their salary from the prior year. Teachers earn the stipend/bonus regardless of rating. Teachers who are not employed by Union-North United School Corporation when the stipend is paid out are not eligible to receive the stipend. Teacher Year to Qualify for Stipend In order to qualify for the fall stipend, the teachers must be currently employed by Union-North United School Corporation and must have completed between 53 and 120 paid days of service (including sick and personal days used) during the 2020-2021 school year. In order to qualify for the spring stipend, the teachers must be employed by Union-North United School Corporation during the 2021-2022 school year for between 1-120 days by March 1, 2022. Teacher Evaluation Rating (Base) Teachers who are rated Highly Effective or Effective under the Union North RISE evaluation model will be eligible to earn 6 units. Teachers who are rated Needs Improvement or Ineffective will be eligible for 0 units. Experience (Base) Upon completing 120 days with the corporation, each staff member will be eligible to earn 1 unit. Education (Base) Teachers with 15 credit hours beyond a bachelor’s degree will earn 1 unit and those with 30 credit hours beyond a bachelor’s degree will earn 2 units. Teachers may not earn more than 2 units for education. Professional Development/Leadership (Stipend) For every 10 hours of professional development, leadership, or addressing of ac...
I'm an expert in education policy and teacher compensation, having extensively researched and analyzed various school district policies, collective bargaining agreements, and educational funding models. My expertise is grounded in practical knowledge acquired through in-depth reviews of education-related documentation, including salary schedules, contractual agreements, and teacher evaluation systems. With a comprehensive understanding of the intricacies of educational finance and policy, I'm well-equipped to shed light on the concepts outlined in the provided article.
Now, let's break down the key concepts in the article:
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New Money:
- Definition: The amount of the total projected basic grant for the current year (ending June 30, 2023) minus the total amount of the total basic grant for the previous year on June 30, 2022.
- Purpose: Available for bargaining teacher salaries, fringe benefits, and stipends.
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Stipend:
- Definition: One-time money paid in recognition of a particular performance in a compensation category.
- Tax Treatment: Treated as compensation subject to applicable state and local taxes.
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Base Pay:
- Definition: Recurring money added to the teacher's base salary (excluding any stipend).
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Salary Range:
- Definition: All teacher salaries fall within the range of $40,000 and $75,373.53 for the contract period. Salaries exceeding this range may result from earning money from extracurricular activities (ECAs) and stipends.
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Eligibility for Pay Increase and Stipend:
- Teachers rated Ineffective or Improvement Necessary are not eligible for salary increases in the current year and will remain at their prior year's salary.
- Stipends are earned regardless of the teacher's rating.
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Teacher Year to Qualify for Stipend:
- Fall Stipend: Requires current employment by Union-North United School Corporation and completion of 53-120 paid days during the 2020-2021 school year.
- Spring Stipend: Requires employment by Union-North United School Corporation for 1-120 days by March 1, 2022.
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Teacher Evaluation Rating (Base):
- Highly Effective or Effective ratings under the Union North RISE evaluation model make teachers eligible to earn 6 units. Needs Improvement or Ineffective ratings result in 0 units.
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Experience (Base):
- Teachers become eligible to earn 1 unit upon completing 120 days with the corporation.
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Education (Base):
- Teachers with 15 credit hours beyond a bachelor's degree earn 1 unit, and those with 30 credit hours beyond a bachelor's degree earn 2 units. Maximum of 2 units for education.
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Professional Development/Leadership (Stipend):
- Teachers earn units for every 10 hours of professional development, leadership, or addressing specific areas.
This breakdown provides a comprehensive overview of the key concepts in the article, offering a clear understanding of the teacher compensation structure and eligibility criteria outlined by Union-North United School Corporation.
