Six-figure deals at NJ Schools
Sure looks a lot different than the spreadsheet Hoboken411 published 10 days ago!
You can also see the state’s “User Friendly” Budget for Hoboken here.
More than 30 NJ school admins due six-figure deals
Retirement will be good for many New Jersey school superintendents.
A state study released Wednesday shows more than 30 school administrators could be due six-figure retirement packages.
The state initiated the study after it was reported retired Keansburg Superintendent Barbara Trzeszkowski was due $740,876 in unused sick time and other buybacks. That led to lawmakers to place caps on new contracts.
But the state says Guttenberg business administrator Jolene Mantineo is entitled to $258,802. Wall Township Superintendent James Habel and Somerset Hills Superintendent Peter Miller are due more than $200,000.
Retirement payments for most other school administrators is well below the caps. The average is slightly over $10,000 on a typical salary of about $108,000.