board of education, under such rules as may be promulgated by the commissioner with the approval of the State board, is hereby empowered and directed to deduct and withhold an amount equal to 10 percent of each semimonthly or monthly salary installment, from the payments of the salaries made to such employees as shall participate in such plan, and the accumulated deductions for any academic year shall be paid to the employee or his estate, under such rules as may be established by the board of education in one of the following ways: 1 at the end of the academic year; 2 in one or more installments after the end of the academic year but prior to Sept. 1; 3 upon death or termination of employment if earlier. Such deductions may be deposited by the board of education in an interest bearing account in any financial institution having its principal office in the State of NJ. Any board of education which had in effect, prior to Jan. 1, 1980, any payment plan which permitted funds to be raised in the next fiscal year is hereby authorized to continue to raise funds in this manner. 18A:29-4.1 Salary Policy and Schedule for Teaching Staff Members; adoption, etc. A board of education of any district may adopt a one, two, three, four or five year salary policy, including salary schedules for all full-time teaching staff members which shall not be less than those required by law. The policy and schedules shall be binding upon the adopting board and upon all future boards in the same district for a period of one, two, three, four or five years from the effective date of the policy but 66 – AR Handbook shall not prohibit the payment of salaries higher than those required by such policy or schedules nor the subsequent adoption of policies or schedules providing for higher salaries, increments, or adjustments. Every school budget adopted, certified, or approved by the board, the voters of the district, the board of school estimate, the governing body of the municipality or municipalities, or the commissioner, as the case may be, shall contain such amounts as may be necessary to fully implement such policy and schedules for that budget year. 18A:29-9 Agreements as to Initial Salaries Whenever a person shall hereafter accept office, position or employment as a member in any school district of this state, his initial place on the salary schedule shall be at such point as may be agreed upon by the member and the employing board of education. 18A:29-11 Credit for Military Service Every member who, after July 1, 1940, has served or hereafter shall serve, in the active military or naval service of the United States or of this state, including active service in the women’s army corps, the women’s reserve of the naval reserve, or any similar organization authorized by the United States to serve with the army or navy, in time of war or an emergency, or for or during any period of training or pursuant to or in connection with the operation of any system of selective service, shall be entitled to receive equivalent years of employment credit for such service as if he had been employed for the same period of time in some publicly owned and operated college, school, or institution of learning in this or any other state or territory of the United States, except that the period of such service shall not be credited toward more than four employment or adjustment increments. Nothing contained in this section shall be construed to reduce the number of employment or adjustment increments to which any member may be entitled under the terms of any law, or regulation, or action or any employing board or officer, of this state, relating to leaves of absence. 18A:29-14 Withholding Increments; Causes; Notice of Appeals Any board of education may withhold, for inefficiency or other good cause, the employment increment, or the adjustment increment, or both, of any member in any year by a recorded roll call majority vote of the full membership or the board of education. It shall be the duty of the board of education, within ten days, to give written notice of such action, together with the reasons therefore, to the member concerned. The member may appeal from such action to the Commissioner under the rules prescribed by him. The Commissioner shall consider such appeal and shall either affirm the action of the board of education or direct that the increment or increments be paid. The Commissioner may designate an assistant commissioner of education to act for him in his place and with his powers on such appeals. It shall not be mandatory upon the board of education to pay any such denied increment in any future year as an adjustment increment. 18A:13-64 Positions, rights and benefits of regional, constituent district employees continued All employees of the regional district shall continue in their respective positions in the withdrawing district,
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