Wednesday, October 24, 2012
Channel 11 Coverage of the October 24, 2012 "Town Hall" Meeting
Channel 11 News covered the District Sponsored "Town Hall" Meeting on October 23, 2012. Here is a the video from their newscast.
Los Angeles Local News, Weather, and Traffic
Thursday, October 11, 2012
How much is the Superintendent's pay increase costing the District?
There has been much discussion as to how much the salary increase of Dr. Sandra Johnson, in conjunction with her decision to come out of retirement after over 10 years, is costing the District.
Our calculation places the added annual cost at $42,549.63!
If anyone in the know can explain why this is inaccurate, please let us know.
Cost to the Garvey School District General Fund.
Salary
New Salary $170,000
Previous Salary $148,516
Net Difference $21,484
Doctoral Stipend (She was not previously receiving this stipend.)
$5,100
Payment to the State Teacher's Retirement System (STRS)
Since Dr Johnson decided to come out of retirement, the District must now pay 8.25% into the pension system on Dr. Johnson's behalf. No STRS payment was being made prior to the change in the contract. An equal payment was being made to an annuity instead. The School Board decided to continue the annuity despite the new payments to STRS. The annuity is considered creditable income and the District is paying 8.25% on it as well.
Dr. Johnson's total income for STRS includes $170,000 salary, $12,722.82 annuity, $5,100 Doctoral Stipend, $5,700 car allowance.
Total income - $193,522.82.
STRS Payment = $15,965.63 (8.25% of total income $193,522.82)
Total
$21,484 (Salary increase) + $5,100 (Doctoral Stipend) + $15,965.63 (STRS Payment) = $42,549.63
Our calculation places the added annual cost at $42,549.63!
If anyone in the know can explain why this is inaccurate, please let us know.
Cost to the Garvey School District General Fund.
Salary
New Salary $170,000
Previous Salary $148,516
Net Difference $21,484
Doctoral Stipend (She was not previously receiving this stipend.)
$5,100
Payment to the State Teacher's Retirement System (STRS)
Since Dr Johnson decided to come out of retirement, the District must now pay 8.25% into the pension system on Dr. Johnson's behalf. No STRS payment was being made prior to the change in the contract. An equal payment was being made to an annuity instead. The School Board decided to continue the annuity despite the new payments to STRS. The annuity is considered creditable income and the District is paying 8.25% on it as well.
Dr. Johnson's total income for STRS includes $170,000 salary, $12,722.82 annuity, $5,100 Doctoral Stipend, $5,700 car allowance.
Total income - $193,522.82.
STRS Payment = $15,965.63 (8.25% of total income $193,522.82)
Total
$21,484 (Salary increase) + $5,100 (Doctoral Stipend) + $15,965.63 (STRS Payment) = $42,549.63
Saturday, October 6, 2012
Channel 5 Coverage of School Board Meeting - October 4, 2012
Upset parents and community members attended the School Board Meeting on October 4, 2012. The event was covered by Channel 5 news.
Channel 11 Coverage of School Board Meeting - October 4, 2012
Upset parents and community members attended the School Board Meeting on October 4, 2012. The event was covered by Channel 11 news.
Los Angeles Local News, Weather, and Traffic
Los Angeles Local News, Weather, and Traffic
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