As unlikely as it might seem, there are a few people other than CEOs and Wall Street Bankers receiving raises these days. Even more unbelievable is that some of these are teachers.
Members of the Millard Education Association (Omaha, Nebraska), have won a 1.5% raise for the 2012-13 school year and a 3.3% raise for the 2013-14 school year under their new contract, according to Omaha World Herald. The contract also increases stipends for coaches and other extra duties like band directing. Millard Public Schools is the state's third-largest school district with roughly 1,700 teachers.
Under the new contract, head football coaches will receive a $7,500 stipend next year and $8,600 in 2013-14. High school band directors will get a $7,560 stipend for the next two years. Head varsity basketball coaches will earn $7,150 stipends next year and $7,740 the next year. And high school golf, tennis and cross country coaches will get $3,300 stipends next year and $3,870 in 2013-14. Other extra-duty stipends include $1,740 for Academic Decathlon coaches and $580 for club sponsors. For those who also teach, these stipends are in addition to their base salaries.