Shame on us for thinking the Keansburg School Superintendent’s retirement package disgrace being blasted all over NJ news outlets would change the situation.
According to an Asbury Park Press editorial, Joseph Passiment will soon retire as Manalapan-Englishtown Schools Business Administrator and is expected to move into the position of Monmouth County Executive Business Administrator. His retirement package (despite the fact that he’s not actually retiring) includes an annual pension of almost $80,000 in addition to a $153,000 check for unused sick and vacation time. His next government job will yield him $95,000 per year.
It’s not over. The district plans to award him a 4% salary increase before his ‘retirement’ in approximately eight weeks.
There is a tiny beacon of light in the whole mess. The Manalapan-Englishtown School Board had put a $15,000 cap on unused sick/vacation days from the time of Passiment’s most recent contract (June 07), and presumably that rule will hold for future administrative officials. However, the Board did not address the ridiculousness of paying taxpayer-funded pension as a retirement benefit to a man moving into a different taxpayer-funded job.
On a side note, the Superintendent of the Manalapan-Englishtown Regional School District could be forced to restructure the district and fire nine teachers due to a budget shortfall for the 2009-2010 school year. The biggest component of the budget consists of salaries and benefits – 63%.