; or (bb) 2 percent of the amount applicable under this subparagraph for the previous 5 fiscal year period. (2) Improving teacher salaries (A) Minimum salary for teachers (i) In general Subject to paragraphs (3) and (4), a State that receives assistance under this part shall ensure that the annual base salary of a full-time teacher employed by a local educational agency in the State is not less than the minimum salary for teachers determined by such State. (ii) Compliance To comply with clause (i), a State shall adopt one or more of the following laws or policies, under which no full-time teacher shall receive an annual base salary that is less than the minimum salary for teachers: (I) A statewide minimum annual base salary schedule for teachers that increases as the experience of a teacher increases. (II) A statewide minimum annual base salary for teachers who are in their first year of teaching. (III) A State law to increase salaries for teachers. (B) Livable and competitive salaries for teachers Subject to paragraphs (3) and (4), a State that receives assistance under this part shall demonstrate that all teachers employed by local educational agencies in the State are compensated with a livable and competitive salary for teachers, which shall be an amount that— (i) is at least the minimum salary for teachers; (ii) increases throughout each teacher's career