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Expected Career
Salary for a Teacher with a Masters Degree Hired in 2008-09 |
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Annual
Base Raise---> |
2.85% |
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185 Day |
Automatic |
Average |
Daily Rate |
Accumulated |
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Year |
Salary |
Step Raise |
Base Raise |
of Pay |
Salary Increase |
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1 |
$41,344 |
n/a |
n/a |
$223.48 |
n/a |
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2 |
$44,266 |
4.1% |
2.85% |
$239.27 |
7.07% |
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3 |
$47,437 |
4.2% |
2.85% |
$256.42 |
14.74% |
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4 |
$50,838 |
4.2% |
2.85% |
$274.80 |
22.96% |
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5 |
$54,483 |
4.2% |
2.85% |
$294.50 |
31.78% |
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6 |
$58,389 |
4.2% |
2.85% |
$315.62 |
41.23% |
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7 |
$62,996 |
4.9% |
2.85% |
$340.52 |
52.37% |
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Note:
Typical worker works approx 240 |
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8 |
$67,966 |
4.9% |
2.85% |
$367.39 |
64.39% |
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days
per year (48 weeks). Teacher's |
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9 |
$73,329 |
4.9% |
2.85% |
$396.37 |
77.36% |
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work year is 185 days (37 weeks) |
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10 |
$79,114 |
4.9% |
2.85% |
$427.64 |
91.36% |
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11 |
$85,356 |
4.9% |
2.85% |
$461.38 |
106.45% |
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12 |
$91,037 |
3.7% |
2.85% |
$492.09 |
120.19% |
<------------- |
Consider the salary in year 12. The pay |
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13 |
$97,096 |
3.7% |
2.85% |
$524.84 |
134.85% |
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has
gone up by 120%, to a daily rate of |
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14 |
$103,558 |
3.7% |
2.85% |
$559.77 |
150.48% |
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$492/day, or $2,460 per week. |
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15 |
$110,450 |
3.7% |
2.85% |
$597.03 |
167.15% |
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16 |
$113,598 |
0.0% |
2.85% |
$614.04 |
174.76% |
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17 |
$118,004 |
1.0% |
2.85% |
$637.86 |
185.42% |
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Question: With 750 union
members |
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18 |
$121,367 |
0.0% |
2.85% |
$656.04 |
193.55% |
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on
similar salary progressions, can |
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19 |
$126,074 |
1.0% |
2.85% |
$681.48 |
204.94% |
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average residents keep up with the |
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20 |
$129,667 |
0.0% |
2.85% |
$700.90 |
213.63% |
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cumulative growth of this salary expense? |
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21 |
$134,696 |
1.0% |
2.85% |
$728.09 |
225.79% |
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22 |
$138,535 |
0.0% |
2.85% |
$748.84 |
235.08% |
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23 |
$143,908 |
1.0% |
2.85% |
$777.88 |
248.08% |
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Question: After how many
years will this |
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24 |
$148,010 |
0.0% |
2.85% |
$800.05 |
258.00% |
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teacher's pay have risen so high that we will |
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25 |
$153,750 |
1.0% |
2.85% |
$831.08 |
271.88% |
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offer large retirement incentives, because |
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26 |
$158,132 |
0.0% |
2.85% |
$854.77 |
282.48% |
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we can no longer afford the salaries that we |
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27 |
$164,265 |
1.0% |
2.85% |
$887.92 |
297.31% |
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have negotiated? |
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28 |
$168,947 |
0.0% |
2.85% |
$913.23 |
308.64% |
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Answer: When we spent $1.6 million for |
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29 |
$175,499 |
1.0% |
2.85% |
$948.65 |
324.49% |
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this in 2005, it was for teachers with as |
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30 |
$180,501 |
0.0% |
2.85% |
$975.68 |
336.58% |
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little as 20 years of experience. |
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2.24% |
<--Avg automatic step raise for this teacher |
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