The New Albany-Plain Local school board on March 31 unanimously approved a one-year agreement with the local teachers union, the Plain Local Education Association.
The agreement includes no base-salary increases but still allows step increases. Members of PLEA who will not receive step increases would receive a 1-percent increase.
The contract caps increases in health-care costs at 9 percent and allows for $300 in performance pay, to be based on factors selected by the board, with input from PLEA officials.
District Treasurer Rebecca Jenkins said the contract will be for one year only because the district's five-year forecast shows enough funds to cover costs associated with the contract through June 30, 2015, when the contract would expire.
She said if the district cannot reach an agreement before the contract expires in 2015, the district would automatically have to pay step increases based on the contract and the five-year forecast says there will not be enough to cover those costs.
For more on this story, read the April 10 edition of the ThisWeek New Albany News.