![]() “Settlement rate” has been traditionally defined as the increase in the salary base over the previous year, inclusive of the cost of increment (step movement), as well as any additional dollars added to ‘enhance’ the salary guide, expressed as a percentage. *NOTE: All settlement information is reported to NJSBA through surveys to the district administration offices. To view a chart of average settlement rates since 2007-08 school year through today, please click on this link : Historical Settlement Chartįor a detail listing of settlements, as well as other comparative data reports, please log in the Negotiations Data Portal (members-only) section. Note: The 2023-24 survey is now underway. Teacher’s contracts which start with the 2023-24 school year are reporting an average salary increase of 3.46% for 2023-24 (based upon 23 ratified settlements) and 3.34% for 2024-25. Preliminary results from our recent Teacher’s Contract Negotiations survey to the 133 districts whose teacher’s contracts will expire on (with 74% of the districts responding so far) indicate approximately 52 of those districts have reached a successor agreement, some of which are pending ratification (only ratified settlements are represented in the settlement rates NJSBA reports). Teacher contract settlements that cover the 2022-23 school year are averaging 3.25% and for 2023-24 the average is 3.27%. New Jersey School Boards Association Login Search Menu
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