Quote:
Originally Posted by Unregistered
Following text from Dollar & Sense also:
MOE has also indicated that the CONNECT Plan will be enhanced. Starting from 2023, there will be an overall enhancement of about 20%, and the annual deposit quantum and payout ratio will be raised to better support teachers in the earlier years of their careers.
Assuming a linear 20% increase, this will be an estimated payout of $18,240 at the first payout year (an increase of $3,040), $28,800 at the second payout year (an increase of $4,800), and so forth, for a total of $202,560 (an increase of $33,760). Given that the enhancement is intended to better support teachers in their early careers, it is possible that the CONNECT plan will be adjusted to have a higher payout in the first few payout years. This will only be confirmed in 2023 when the CONNECT plan is officially enhanced. |
If you’re a teacher, why are you referring to dollar and sense which is an external publication? Use your own critical thinking skills and check your emails regularly perhaps? A HR circular has been sent out last year in September detailing every single change and how the new connect plan works.