Payroll update

This is a short week and an unusually short(!) e-bulletin. Below you’ll find an explanatory note about the Retirement Board memo that was sent out last week.

There is a holiday party on December 14 from 3:30 to 8 at the BTU. Good event, good times, good friends. Hope to see you there.

Payroll Update
The pay increase — an effective 3% — for all teacher and para members is scheduled to be in place in the November 23 paycheck. Because of the nuances of payroll timing, substitute members have already begun to get their increase. Here’re the new pay grids for teachers (scroll down to effective 11/1/12) , paras (scroll down to effective 11/1/12), and substitute teachers.

A few things to keep in mind on the new salary rate, please: Teachers who get 26 paychecks get a greater part of their salary later in the year than those whose checks stop in June. Those who get 26 checks therefore see some of the increase on a delayed basis in their July and August paychecks. Also, the salary increase started on November 1, and as pay cycles are uneven — not every pay cycle contains the same amount of school days — then an adjustment will be made in this first check. In other words, the salary increase in the first check will be slightly lower for those on 26 checks than the increase in the first December check and subsequent checks. By the end of the school year, it all works out and everyone, regardless of the number of checks he or she receives, gets the same amount of salary.

Here’s a summary:

• Teachers on 22 checks will receive a full check at the new rate.
• Teachers on 26 checks will receive a check that is partially at the Nov 1, 2011 rate and partially at the Nov 1, 2012 rate.
• Paraprofessionals will receive a full check at the new rate regardless of pay frequency.

(We will also receive a 3% increase on November 1, 2013, a 3% increase on November 1, 2014, and another 3% increase on November 1, 2015.)

The retroactive for all of the above is now slated to be paid at the end of February.