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Grade Step Progression (GSP) and Part Time Staff

Looking for help from a GSP guru....

I cannot get GSP to calculate the correct salary increment for Part Time Staff.
We use Salary Basis and hold the actual salary rather than the full time equivalent.
On my initial attempt I created a Grade Ladder with a Salary Calculation Method of "Use grade/step rate" but when a part-time employee progressed to the next step on the ladder their salary was increased to the Full Time Salary Rate.

On my next attempt I created a Grade Ladder with a Salary Calculation Method of "Use a Calculation Rule".
My fastformula multiplied the SPINE_xxx_VALUE database item by the FTE to give the new salary.  However, I can see from my debug statements that the SPINE_xxx_VALUE returned is always the employee's current spine value and so they do not get a salary increment when they progress up the ladder.

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