Common use of Principal Allowance Clause in Contracts

Principal Allowance. Effective 1st day of the Fall Term 2014 (2.0%): a base of $2,999 plus $742 per teacher supervised to a maximum of $26,320 except High Schools where the maximum shall be $27,961. Effective 1st day of the Fall Term 2015 (2.0%): a base of $3,059 plus $757 per teacher supervised to a maximum of $26,846 except High Schools where the maximum shall be $28,520. Effective 1st day of the Fall Term 2016 (2%): a base of $3,120 plus $772 per teacher supervised to a maximum of $27,383 except High Schools where the maximum shall be $29,090. Effective 1st day of the Fall Term 2017 (1.5%): a base of $3,167 plus $784 per teacher supervised to a maximum of $27,794 except High Schools where the maximum shall be $29,526. Effective 1st day of the January 2018 (1.5%): a base of $3,215 plus $796 per teacher supervised to a maximum of $28,211 except High Schools where the maximum shall be $29,969.

Appears in 2 contracts

Sources: Collective Agreement, Collective Agreement