Changes in state funding may alter SCSD1 benefits
Date posted: June 24, 2013
SHERIDAN — Sheridan County School District 1 teachers and administrators are facing changes to their benefits package this year as the result of alterations in state funding.
At a meeting last week, the district’s board of trustees approved a new salary and benefits package for Superintendent Marty Kobza in addition to changes to the teachers’ benefit plan.
For this coming academic year, Kobza’s salary will remain unchanged at $131,618.
Among other measures approved by the board:
• The required increase in Wyoming Retirement System contributions will be paid by the district. The new fully paid benefit increases from 14.12 percent of gross salary to 14.62 percent.
• The required increase in Wyoming Worker’s Compensation contributions for eligible and covered employees will also be paid by the district. That paid benefit will increase from 3.1 percent to 4.13 percent of gross salary.
• The district will pay a 1 percent gross salary bonus to all eligible employees in October. The eligibility requirements for the bonus are still being finalized by the Wyoming Department of Education and will not be available until later in June.
According to an email from district business manager Jeremy Smith and Kobza, the new insurance premiums reflect the increased cost of medical expenses in Wyoming for next year, the group’s increased utilization of medical services last school year and the federally required increase to covered services for all group plans.
Copyright © 2015 The Sheridan Press or Sheridan Newspapers, Inc.