Public elementary and secondary schools; competitive compensation for certain positions.

Competitive compensation for certain positionsin public elementary and secondary schools. Declares it the goalof the Commonwealth that its public school teachers and all otherindividuals employed in Standards of Quality-funded positions becompensated at a rate that is competitive, defined as at or abovethe national average salary for the position, in order to attractand keep highly qualified individuals in such positions. The bill requires state funding to be provided pursuant to the general appropriationact in a sum sufficient to fund a five percent annual pay increasefor each such position, effective from the 2023%9624 school yearthrough the 2027%9628 school year, provided that such five percentannual pay increase (i) is subject to a local matching requirementin accordance with each local school board's composite index of localability-to-pay and (ii) shall be adjusted annually as necessary toaccount for rebenchmarking and to yield a rate of compensation percentage increase for all Standards of Quality-funded positions that is peggedto providing a competitive average teacher salary in the Commonwealth.The bill has a delayed effective date of July 1, 2023.