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Nashua School District
NTU Teacher Contract Analysis
FY 2022 - FY 2025
Description
Number of Employees in Analysis
Base Salary Increases (new contract language)
Base Pay Calculations
Base Pay Calculations
Step Increase
Nurse pay adjustment
Total Base Pay
$ Change over Prior Year
Real Annual % Increase over Prior Year
Other Salary Costs
Advisors
Pay Differentials (Head Teachers/Facilitators)
Teaching Load Differential (Overage)
After School Meetings (Staffings)
Severance (see note below)
Longevity
Educational Benefits
Total Other Salary Costs
$ Change over Prior Year
Real Annual Increase over Prior Year
Total Base Pay and Other Salary Costs
$ Change over Prior Year
% Change over Prior Year
Retirement Costs
Pension (Group 1 Teachers FY22 to FY25 - 21.02%)
FICA and Medicare (7.65%)
Total Retirement Costs
$ Change over Prior Year
% Change over Prior Year
Benefits Costs
Medical Insurance Benefits (Assumes 7.2 $ in FY23 And 6% increase for remainder)
Less: Employee Contributions to Medical
Subtotal Medical costs (Active Employees)
Medical subsidy - retirees (3% increase per year)
Dental Insurance costs (Assumes 4.5% decrease in FY22 and 1% increase FY23 - 25)
Life Insurance costs
Total Insurance Benefits
$ Change over Prior Year
% Change over Prior Year
Total Costs
$ Change over Prior Year/Average
% Change over Prior Year/Average
Average Annual Total Compensation Package
Average Annual Increase per Employee
Average Percentage Increase per Employee
Notes:
Nurse Pay Adjustment is an estimate
Adoption of the new HMO plan saves 2.3M employer and 575K employee
as of 3/22/22
All Funds
Base
FY21 FY22 FY23 FY24 FY25
1,010 1,014 1,016 1,016 1,016
4.5% 4.7% 44% 2.8%
$ 63,930,981 $ 63,930,981 $ 66,821,403 $ 69,942,478 73,044,563
2,855,422 3,109,075 3,090,085 2,073,249
35,000 12,000 12,000 12,000
$ 63,930,981 $ 66,821,403 §$ 69,942,478 §$ 73,044,563 75,129,812
$ 2,890,422 §$ 3,121,075 §$ 3,102,085 2,085,249
4.5% 4.7% 44% 2.9%
$ 33,000 $ 33,000 $ 33,000 $ 33,000 33,000
86,000 86,000 86,000 86,000 86,000
60,000 60,000 60,000 60,000 60,000
625,000 643,750 663,063 682,954 703,443.01
364,000 364,000 364,000 364,000 364,000
225,000 225,000 225,000 225,000 225,000
$ 1,393,000 $ 1,411,750 §$ 1,431,063 $ 1,450,954 1,471,443
$ 18,750 $ 19,313 $ 19,892 20,489
1.35% 1.37% 1.39% 1.41%
$ 65,323,981 $ 68,233,153 §$ 71,373,541 § 74,495,517 76,601,255
$ 2,909,172 §$ 3,140,388 §$ 3,121,977 2,105,738
4.5% 4.6% 44% 2.8%
$ 11,587,619 $ 14,295,314 $ 14,955,423 $ 15,611,663 16,054,289
4,980,072 5,202,624 5,442,863 5,681,695 5,842,784
$ 16,567,691 $ 19,497,937 $ 20,398,287 §$ 21,293,357 21,897,072
$ 2,930,247 §$ 900,349 §$ 895,071 603,715
17.7% 4.6% 4.4% 2.8%
$ 19,009,012 19,009,012 17,500,495 18,550,525 19,663,556
(3,906,638) (3,906,638) (3,596,352) (3,812,133) (4,040,861)
$ 15,102,374 $ 15,102,374 §$ 13,904,143 §$ 14,738,392 15,622,695
220,000 226,600 233,398 240,400 247,612
1,702,579 1,708,185 1,708,185 1,725,267 1,742,520
119,922 119,922 119,922 119,922 119,922
$ 17,144,875 $ 17,157,081 $ 15,965,648 $ 16,823,981 17,732,749
$ 12,206 $ (1,191,433) $ 858,332 908,768
0.1% -6.9% 5.4% 5.4%
$ 99,036,546 $ 104,888,171 $ 107,737,475 $ 112,612,855 116,231,076
$ 5,851,625 §$ 2,849,304 §$ 4,875,380 3,618,221
5.9% 2.7% 4.5% 3.2%
$ 98,056 $ 103,440 $ 106,041 $ 110,839 114,404
$ 5,384 $ 2,601 $ 4,799 3,561
5.5% 2.5% 4.5% 3.2%
16.5%
