The annual salary of the teacher shall be paid in ten instalments. Payment by direct bank deposit via electronic funds transfer will be made on the last Friday of each month, except March, June and December, when the payment will be made on the last teaching day of the month.
The Division administers a summer savings plan whereby individual teachers may choose to defer net salary and have such deferred salary paid over the summer. Details of this plan are included in Appendix A, attached to the collective agreement.