New Jersey § 18a:29-5

§ 18a:29-5.

a. The actual salary paid to each teacher under each district's or educational services

commission's 1984-85 approved salary guide shall be considered a base salary for purposes

of this act. b. In addition to all other funds to which the local district or educational services

commission is entitled under the provisions of P.L.2007, c. 260 ( C.18A:7F-43 et al.) and other pertinent statutes, each board of education or board of directors of an

educational services commission shall receive from the State during the 1985-86 academic

year and for two years thereafter an amount equal to the sum of the amounts by which

the actual salary prescribed for each current full-time teaching staff member under

the salary schedule adopted by the local board of education or board of directors

for the 1984-85 academic year in the manner prescribed by law is less than $18,500.00,

provided that the teaching staff member has been certified by the local board of education

or board of directors as performing his duties in an acceptable manner for the 1984-85

school year pursuant to N.J.A.C.6:3-1.19 and 6:3-1.21 . Each local board of education or board of directors shall receive from the State

on behalf of the newly employed full-time teaching staff members for the 1985-86 academic

year and for two years thereafter an amount equal to the sum of the amounts by which

the actual salary prescribed for each newly employed full-time teaching staff member

under the salary schedule adopted by the local board of education or board of directors

for the 1984-85 academic year is less than $18,500.00. All adjustments for teachers who are hired or who leave employment during the school

year and who make less than $18,500.00 shall be made in the school year following

the year in which they were hired or left employment. c. For the 1988-89 academic year and thereafter, this act shall be funded in accordance

with the recommendations of the State and Local Expenditure and Revenue Policy Commission

created pursuant to P.L.1984, c. 213. If the commission's recommendations for funding this program are not enacted into

law, this act shall be funded in accordance with subsection d. of this section and

sections 9 and 10 of P.L.1985, c. 321 ( C.18A:29-5.8 and C.18A:29-5.9 ). d. For the purpose of funding this act in the 1988-89 academic year as determined

pursuant to this section, each teacher's salary based on the 1984-85 salary guide

shall be increased by the product of the base salary multiplied by 21%. e. In each subsequent year the product of the base salary times 7% shall be cumulatively

added to each teacher's salary as calculated in subsection d. of this section in determining

the aid payable. In any year subsequent to the 1987-88 academic year in which the base salary plus

the cumulative increases under this section exceed $18,500.00, aid will no longer

be payable.