With the $3,000 / instructor cap, if I have a contract with the school with a high total contract value, won’t the Initial Payment (IPT) be relatively small?
The Initial Payment (IPT) is designed to provide some income for instructors in 2020 even if fewer hours are delivered, with the expectation that the hours of work would be fulfilled subsequently in 2021. For instructors with a higher total contract value, and likely high rates, when activities resume, the IPT quantum will be utilised earlier. Instructor will then be paid the additional hours accordingly based on contracted rate.
This information is sourced from MOE
Related questions
I am providing services to the school through a contract between the school and a company, how will I receive the Initial Payment (IPT)?
Why are some instructor related contracts excluded from the Initial Payment (IPT)?
How do I know if the contract I have with the school is eligible for the Initial Payment (IPT)? If I am eligible, what must I do?
Will I be eligible for the IPT if: 1) My contract with the school was recently awarded, but the contract has not commenced? 2) My contract with the school will only expire end Dec 2021?
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