EVANSVILLE, Ind. (AP)-Indiana School Superintendent receives almost 300 more compensation than was reported in their contract, with an additional payment for benefits such as health insurance that count towards their overall salary for pension purposes, a newspaper investigation has found.
Evansville Courier
School leaders say accounting maneuvers that simple is a common practice as it tries to keep the District Superintendent is good at the time when the Education Fund to decrease.
"There are some people who try to stretch your budget and still reward people and encourage people to stay," said the Evansville Vanderburgh school Corp. Superintendent David Smith, a list of contracts on a year's salary of $ 160,000. Smith also received a $ 20,000 annually, which he says he invested.
The practice of law and the guidelines of the Indiana State teachers ' retirement fund, the pension will be a five-year average of the highest compensation for calculate pension payments monthly. The money paid for the benefits can lead to higher pension checks.