NOTICE OF PUBLIC HEARING The Board of School Trustees of the Anderson Community School Corporation will hold a meeting on Tuesday, August 9, 2016, 5:50 p.m., in the Administration Center Board Room, 1600 Hillcrest Ave, Anderson, IN 46011 for the purpose of discussing and receiving public input on a proposed contract between the Board of School Trustees and a Superintendent. The proposed contract will be made available at the August 9, 2016 hearing. After the hearing, the Board of School Trustees will consider the input and then it will consider the proposed contract as an agenda item for consideration at ACSC's board meeting on September 13, 2016. Summary of Changes to Contract Provisions Modify the current Term of Agreement of three (3) years running from July 1, 2014 through June 30, 2017 with a one-year extension. Summary of Current Contract Provisions NOT Changed 1. Indiana statutes provide that for school employers, those employees, if such employees remain employed for a certain period of time, have the right to retain in the group health insurance program after retirement until Medicare age eligible. Since this Superintendent has been employed by ACSC late in his career, he may not reach the longevity requirement at ACSC to qualify for health insurance coverage during early retirement. Therefore, a provision has been added that this Superintendent and/or his spouse may have coverage in the ACSC group health insurance program after employment separation until Medicare age eligibility. Since the premium costs will be one hundred percent (100%) paid by the Superintendent and/or the Superintendent's spouse, there is no additional cost to ACSC. 2. Twenty (20) vacations days provided every administrator will be provided to the Superintendent in his new position since he had already had one (1) years' experience as a Principal prior to becoming the Superintendent. This is a clarification that those twenty (20) vacation days provided to all administrators will vest for the 2014 2015 Superintendent work year. Since no substitute will ever be employed during a Superintendent's vacation, this has no additional cost to ACSC. 3. The current contract provides that the ACSC will purchase for the Superintendent a universal life insurance policy with a face value of Fifty Thousand Dollars ($50,000.00). That section is being modified so that the same 2014 amount of that premium ($3,606.00) may be applied to other life insurance products instead of a universal life insurance policy. Since this is a modification of how the specific dollar amount of a premium may be used, this is no additional cost to ACSC. 4. An annual salary of $131,000.00. This is the same salary as the prior Superintendent. 5. As with all other certificated employees the School Corporation will pay the Superintendent's three percent (3%) contribution to the Indiana State Teachers Retirement Fund. The annual cost for this is Four Thousand Two Hundred Ninety Dollars ($4,290.00). This is the same as the prior Superintendent. 6. Rather than providing an automobile, the School Corporation will pay One Thousand Dollars ($1,000.00) for business and travel expense. This is the same as the prior Superintendent. 7. Health, dental, and vision coverage and School Corporation provided premium contributions will be on the same basis as all other certificated employees. This has a current cost on an annual basis of approximately Fifteen Thousand Eight Hundred Forty-one Dollars and Fifty-four cents ($15,841.54). 8. Paid life insurance with a cost to the School Corporation of less than Four Thousand Eight Hundred Dollars and Zero Cents ($4,800.00). This is the same as the prior Superintendent. 9. Long-Term Disability Insurance - the cost of the current annual premium for the Interim Superintendent is less than Five Hundred Dollars ($500.00). This is the same as the prior Superintendent. 10. Provision for thirteen (13) sick days and four (4) personal leave days. Since no substitute will be provided there will be no marginal increase cost. This is the same as the prior Superintendent. 11. Liability Insurance - no marginal increase to extend this coverage to the Interim Superintendent. 12. Tax Sheltered Annuity Program (^403(b) or ^457). No marginal increase to provide this to the Superintendent. Contributions are employee's own contribution deducted from the employee's base salary. 13. Loss Reimbursement - reimbursement for loss of personal property occurring during the employee's performance of his/her job duties which are not covered by insurance. Any cost, if any, cannot be determined at this time. This is the same as the prior Superintendent. 14. The use of corporation credit card for use of corporation business. The cost varies upon approved business expenses. This is the same as the prior Superintendent. 15. This paragraph provides for the method to terminate the Superintendent's contract prior to its stated termination date. Additional costs, if any, are not ascertainable. END OF SUMMARY HB-583 July 28 hspaxlp
↧