WAVERLY -- As part of Superintendent Randy Richards' amended contract with the Waverly Central School District, the district will pay the retiring school official's health insurance in full until 2020. <\/p>\n
A copy of Richards' amended contract was provided to the Morning Times following the filing of a Freedom of Information Law (FOIL) request. <\/p>\n
The new language calls for the district to \"provide to the superintendent family health insurance for the 2017-2018, 2018-2019 and 2019-2020 fiscal years.\" <\/p>\n
The amendment notes that the benefits will match those offered to the district's other administrators in active service. <\/p>\n
The health insurance plan offered by the district is the \"MVP Option A\" offered by the NY44 Health Benefits Plan Trust. <\/p>\n
According to the original contract between Richards and the district, the superintendent would be responsible for 15 percent of the health insurance premium, while the district picked up the remaining 85 percent. <\/p>\n
However, the amended contract calls for the district to cover 100 percent of insurance's premium for the next three years, according to school board President Parvin Mensch. <\/p>\n
According to district Business Manager Kathy Rote, that translates to a cost of $22,584 for the next school year. <\/p>\n
\"That's the only solid number we have right now,\" she said Tuesday. <\/p>\n
If the cost of health insurance were to rise 7 percent in each of the following two fiscal years -- which Rote stressed was only a guess -- it would translate to a cost of approximately $24,000 and nearly $26,000 for those respective school years. <\/p>\n
Richards will not receive any other benefits, such as salary, as part of his retirement, Mensch added. <\/p>\n
The superintendent's retirement, which is set to go into effect on June 30, was announced June 15 after a lengthy executive session by the school board. <\/p>\n
Richards still had a year remaining on his original contract after being awarded a one-year extension in November 2016. <\/p>\n
Mensch stated that Richards' decision to retire came after it was unexpectedly discovered that the superintendent was eligible for an early retirement due to his past military service. <\/p>\n
GST BOCES is currently searching for the district's new superintendent. <\/p>\n
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District to pay Richards' health insurance for next three fiscal years -- Cost to district next school year is over $22K - Morning Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" WAVERLY -- As part of Superintendent Randy Richards' amended contract with the Waverly Central School District, the district will pay the retiring school official's health insurance in full until 2020. A copy of Richards' amended contract was provided to the Morning Times following the filing of a Freedom of Information Law (FOIL) request. The new language calls for the district to \"provide to the superintendent family health insurance for the 2017-2018, 2018-2019 and 2019-2020 fiscal years.\" The amendment notes that the benefits will match those offered to the district's other administrators in active service Continue reading