PUSD Board of Trustees Meeting Oct 13 7:00 pm Schools & Kids, posted by Dark Corners of Town, a resident of the Country Fair neighborhood, on Oct 11, 2009 at 4:56 pm
Agenda items include:
- Changing the Superintendent's contract to add an option to receive an annual $10,000 fringe benefit in cash, retroactive to 2007. (why does it need to be retroactive?)
- Borrowing over $400,000 from an internal fund to pay for mold damage repair, portables and other costs - to be repaid later with interest. (more debt)
- Public hearing to consider support for an online charter school. (good to have alternatives for Pleasanton)
Posted by Stacey, a resident of the Amberwood/Wood Meadows neighborhood, on Oct 11, 2009 at 11:07 pm Stacey is a member (registered user) of PleasantonWeekly.com
- Changing the Superintendent's contract to add an option to receive an annual $10,000 fringe benefit in cash, retroactive to 2007. (why does it need to be retroactive?)
Posted by Stacey, a resident of the Amberwood/Wood Meadows neighborhood, on Oct 12, 2009 at 7:34 am Stacey is a member (registered user) of PleasantonWeekly.com
Just to clarify, what I read from the board packet is that the $10,000 fringe benefit is already in the contract. Currently the contract says the $10,000 goes into a tax sheltered annuity. The change is to add "or in cash" to the contract.
Posted by Dark Corners of Town, a resident of the Country Fair neighborhood, on Oct 12, 2009 at 8:18 am
Adding the words 'or in cash', is my read as well. What is motivating the change and why is it retroactive? Does it mean the benefit was not put into an annuity in 2007 and 2008? Or was it and it will be converted to cash? What are the implications to calculating the pension?
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