For the term of office beginning on January 21, 2015, the annual salaries of the Governor and Lieutenant Governor are:
(1) Governor:
(i) for the first year, $165,000;
(ii) for the second year, $170,000;
(iii) for the third year, $175,000; and
(iv) for the fourth year, $180,000; and
(2) Lieutenant Governor:
(i) for the first year, $137,500;
(ii) for the second year, $141,500;
(iii) for the third year, $145,500; and
(iv) for the fourth year, $149,500.