Investor Presentaiton

State Fiscal Year Teachers Employees 2003 3.0% 3.0% 2006 6.0% 6.0% 2007 5.0% 5.0% Cost of Living 2008 3.5% 7.0% Adjustments (COLA)/ 2009 3.5% Bonuses 2014 2.0% 2015 $400 2017 2.0-4.0% 2019 3.0% 2.5% 2020 2.0% 4.0% 2022 2.0% 2.0% 45

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