Lump Sum Option. Effective September 1 2017 a teacher may choose by May 1, 2018 to be paid the following school year, in forty-two (42) weekly installments, with the first forty two (42) installments equivalent to 1/52nd of annual salary, and the 43rd payment equal to 10/52nd of annual salary. For each subsequent year a teacher has until May 1 to request this option for the following school year.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement