The $1M payout
Sunday, November 8, 2009
Last updated: Sunday November 8, 2009, 9:30 AM
BY MICHAEL GARTLAND
The Record
STAFF WRITER
http://www.northjersey.com/news/The_1M_payout.html#
Robert Aloia, the embattled superintendent of the Bergen County Technical School District, could walk away with more than $1 million if he's terminated.
The Technical District's school board — which approved Aloia's contracts — along with the Bergen County Special Services School Board, the teachers' unions in both districts and County Executive Dennis McNerney, has called for Aloia to step down.
But ousting him could be expensive.
A Record review of the contracts found that under Aloia's current employment agreement, which will expire June 30, 2011, the district would owe him about $430,000 in wages if he were dismissed today.
He also has a deferred-compensation trust fund worth about $446,000. The fund was built through contracts that required the Technical School District to deposit $70,000 into it each year from 2007 to this year and $61,000 a year in 2005 and 2006.
The district initiated the fund in 2001, when Aloia was its business administrator. By 2004, it had $114,000 in deposits. Payments were based on a percentage of what the district contributed to a similar fund for John Greico, Aloia's predecessor as superintendent. Grieco died in October 2004 at the age of 63.
In addition, Aloia would be paid for unused vacation and sick time. As of Friday, he had 50 sick days and 23 vacation days remaining.
The district was unable to provide his "per diem" rate — the rate at which those days could be converted to cash — and the rate isn't specified in his contracts. However, based on his $241,000 annual salary and a 260-day work year, his per diem rate would be about $930, and he would be owed about $68,000 for those 73 days.
The district paid Aloia at least $216,148 for cashed-in days during 2008 and this year.
Beyond all this, Aloia's state pension would pay him $167,500 a year as of Jan. 1, 2010, according to The Record's analysis of the state Treasury Department's records.
http://www.northjersey.com/news/The_1M_payout.html#
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5 comments:
Seems like hush money. No one is investigating why there was $4 mil in the slush fund in the first place.. The Aloia fracas seems to be a diversionary tactic to draw attention away from the who, what, where, and why, of the $4 mil.
For $1M we could pay 10 class room teachers for a year. Yet one administrator who is for all intents and purposes being fired is entitled to $1M from the taxpayers. This is our issue too, our tax money goes to the county schools just as it does our own. I have no problem with the wages paid to teachers, cops and firemen who are out there providing first line services. I could not afford to live on what we pay them and begrudge them nothing for what they do.
However, there are plenty of Alioa issues out there at the top administrative level. This is what is breaking the bank, yet it keeps happening. The problem at the top, not in the class room, in the police car or on the fire truck. If no one will take on issues like this no meaningful changes will ever occur.
One hopes that they don't pay this bum anything. He must have stolen a fortune.
The Record reported:
"The district paid Aloia $216,148 for cashed-in days during 2008 and this year."
Check the NJ department of Ed kids - that's illegal. He didn't retire or resign. Aloia can't ask to be paid out early but WHO authorized it?
Now, who in the state/county will pick up on this?
Why do we have County Government at all? Seems like an unnecessary layer of costs with little accountability.
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