ID S1097

Removes language from existing master teacher premium law regarding local school district plans and creates a new alternative program called "Master School Premiums" under section 33-1004K.

Allows local school districts to use master teacher premium funds to reward groups of teachers (school-wide or by grade level/subject) based on measurable student achievement goals aligned with district improvement plans, with equal premium amounts for all teachers in the same target-setting group.

Requires school districts to submit program plans to the state board of education by October 15 each year for approval; districts failing to follow approved plans lose funding the following fiscal year.

Allocates $4,000 multiplied by each qualifying instructor and either 25% or the statewide percentage of staff approved to receive the $4,000 master teacher premium, whichever results in more money for the district.

Requires school districts to choose by July 1, 2019 whether to participate in the master teacher premium program or the master school premiums program; districts choosing the original program cannot change options for three years, while districts choosing the new program may switch options annually after the first year.

Effective date is July 1, 2019.