Increases minimum salary of teaching staff members in school districts and educational services commissions.

This bill raises the minimum annual salary for full-time public school teachers in New Jersey from $18,500 to $60,000 (or $61,500 for teachers with a master's degree or higher), effective for the 2022-2023 school year. It directly affects all teaching staff in public school districts and educational services commissions across the state. The state will cover the difference between current salaries and the new minimum for a transition period: 100% of the gap in 2022-23, decreasing to 80% in 2023-24, 60% in 2024-25, 40% in 2025-26, 20% in 2026-27, and 0% starting in 2027-28. The funding applies to both current teachers (using their 2021-22 base salary) and newly hired teachers for the 2022-23 school year.