IN HB1244

Amends IC 20-28-9-1.5 to allow school corporations to provide salary increases or increments for teachers who attain a master's or doctorate degree, or who complete the credit hours necessary to obtain such degrees.

Allows supplemental payments to teachers with master's degrees in content areas directly related to dual credit courses or other courses taught, as well as supplemental payments to elementary school teachers with master's degrees in math or reading and literacy.

Requires salary increases or increments to be based on a combination of factors including years of experience, evaluation results, attainment of advanced degrees or credit hours, instructional leadership roles, and student academic needs, with experience and additional bachelor's degrees accounting for no more than 33% of the calculation.

Prohibits teachers rated as ineffective or needing improvement from receiving raises or increments for the following year, with those funds reallocated to teachers rated as effective or highly effective.

Takes effect July 1, 2016, and protects teachers from salary decreases below their July 1, 2015 salary levels when transitioning to the new compensation plan.