(A) Each employee assigned to the an educational position as listed in division 124.181(L) of the Revised Code, whose principal job duty is teaching, as determined by the director, may receive an educational pay supplement for job related education above the bachelor's degree level at an accredited academic institution. This pay supplement shall vary with the educational level as follows:
EDUCATIONAL LEVEL ATTAINED SUPPLEMENTAL PACKAGE
(1) Bachelor's degree plus 20 quarter hours or the equivalent of post-baccalaureate study +2 1/2%
(2) Master's degree +7 1/2% (2 1/2% + 5%)
(3) Master's degree plus 30 quarter hours or the equivalent of post-master's study +10% (7 1/2% + 2 1/2%)
(B) This pay supplement, once granted to the employee, shall remain in effect only so long as the employee's regular job assignment and classification remains unchanged.