The salary of a teacher shall be paid according to the following:
A. Salary payments shall be made monthly on a twelve (12) payment basis.
B. The amount of payment shall be determined by dividing the annual salary rate in effect by twelve (12).
C. When by reason of changes in the terms of this agreement the salary of a teacher is changed, the new salary shall be paid not later than the month following the date of signing of this agreement and any retroactive adjustments shall be included in the salary cheque for that month.
D. The July and August salary payments shall be deemed to have been earned in the immediately preceding school year. Thus teachers shall have their total salary entitlements determined on an equitable basis for the school year in accordance with the salary schedule(s) in effect during that school year ending June 30th .
E. The salary of a teacher commencing employment other than on the first teaching day of the school year shall be calculated as follows:
F. Where a teacher leaves the employ of the Division during the course of the year, the final payment shall be so adjusted that the teacher shall receive, for the part of the school year employed, such fraction (calculated to three (3) decimal points) of the salary for the whole school year as the number of teaching days employed is of the number of days prescribed by the Minister for that year.
G. Monthly salary payments shall be made not later than the third (3rd ) day prior to the last day of the month or on the last teaching day, whichever comes first. Payments in respect to July and August shall be deposited in the teacher’s account on the last teaching day of June.
H. Direct Deposit of Salaries