Effective the first day of the fall term 2018, all principals shall be paid at the rate of $982.00 per teacher supervised as at September 30, excluding the principal. In no case will the allowance be less than $8,469. In no case will the allowance be more than $29,017.
Effective the first day of the fall term 2019, all principals shall be paid at the rate of $996.00 per teacher supervised as at September 30, excluding the principal. In no case will the allowance be less than $8,588. In no case will the allowance be more than $29,423.
Effective the first day of the fall term 2020, all principals shall be paid at the rate of $1,001.00 per teacher supervised as at September 30, excluding the principal. In no case will the allowance be less than $8,631. In no case will the allowance be more than $29,570.
Effective the first day of the fall term 2021, all rates to be adjusted by COLA as per calculation in Article 4.00.