The allowance for principals will be calculated using the following formula: Effective the first day of the Fall Term of 2018, $2,032 + $610 per FTE staff; Effective the first day of the Fall Term of 2019, $2,060 + $619 per FTE staff; Effective the first day of the Fall Term of 2020, $2,070 + $622 per FTE staff; Effective the first day of the Fall Term of 2021, COLA (as defined in 3.01) will be applied to the formula.
The allowance will be calculated based on the FTE staff as at the preceding September 30th and will be adjusted October 1st for the current year. Any retroactive adjustment will be applied to October pay. FTE staff will include: Administrators, Teachers, Educational Assistants, Administrative Assistants and School Librarians.
The Division reserves the right to appoint Vice-Principals. The Vice-Principal so appointed shall receive an allowance based upon applying the percentage of their Vice-Principal assignment to the Principal allowance of that school.