Ratification Bonus Analysis:
Comparison between
January 22, 2021 bonus
& ‘retro’
Basic Calculations
(Retro Pay at 4% for 7 months)
1. $ Amount of raise before it appears on paycheck = (Raise per month) X [(August – March) 7 months]
Base Salary X 4% Raise ÷ 10 months X 7 months
Analysis (Ratification Bonus vs. Retro Pay)
2. $1,900 (ratification bonus) – (7 month Retro Pay) = $ Amount over or under %4
• Safety Officer ($21,000)
1. $604.84
2. $1,295
• 1st. year Teacher (approx. $40,000)
1. $1,120
2. $780
• Teacher ($55,000)
1. $1,530
2. $360
• AIC /TLF($73,000)
1. $2,044
2. -$144.00 (only 3.75%