Bonus!

We have exciting news regarding a bonus and compensation adjustment approved by the board!  During its regularly scheduled workshop on November 27, 2012, the School Board approved a one-time bonus payment for all full and part-time employees. As a part of the decision to provide the bonus, the Board also acted upon two other compensation issues that will have a positive impact on employees. The purpose of this letter is to explain each of these three decisions and the impact each will have on you.

One-Time Bonus Payment

In recognizing employees’ hard work and commitment to our students and community, the Board has approved a one-time bonus payment to all full and part-time employees who are employed by the school division as of December 1, 2012 as follows:

Full-Time Employees (at least 30 hours per week):         $600 Bonus                   

Part-Time Employees (15-29 hours per week):                 $300 Bonus

This bonus payment is being processed now and will be distributed during the second week of December.  Please remember that these bonus payments will be subject to normal withholding, such as FICA, state and federal tax.  The bonus amount is exactly the same as provided to county employees earlier in the Fall.

Restoration of 260-Day Contracts

The Board also restored 7 days to all 260-day contract employees who had been reduced to 253 days during last year’s budget planning. These employees will be issued new, 260-day contracts, in January 2013.   We felt strongly about recommending this restoration to the board as we did not want to see anyone’s pay reduced from last year if there was an opportunity to restore the days.  This adjustment will be made in two steps:

  1. A one-time “catch-up” payment of the income reduced from the July through December paychecks will be distributed to these employees in January 2013.
  2. Beginning with the January 2013 paycheck, these employees’ monthly income will be adjusted to include the restored contractual amount.

There are 61 employees impacted by this decision, including:

  • 25 custodians, maintenance staff and transportation staff
  • 15 administrative staff (principals, assistant principals, directors and assistant superintendents)
  • 11 administrative professionals (clerical staff and bookkeepers)
  • 9 division support staff (student support staff, supervisors, coordinators, school psychologists)

5.75% Increase to Staff Hired After July 1, 2012

For all employees hired previous to July 1, 2012, the board decided during the budget process to “phase-in” the new VRS requirement and thus, those employees received a 1.0969 % pay increase to offset the required 1% payment to VRS.   All employees hired after July 1, 2012, are required to pay 5% of their salary to the Virginia Retirement System (VRS); however, these employees did not receive a compensation adjustment to offset the loss in take-home pay.  In order to offset the state-mandated 5% increase in employee contribution to the VRS, at their meeting this week, the Board approved a 5.75% pay increase for all employees hired after July 1, 2012, that are VRS eligible with the exception of employees on the admin pay table.

This adjustment will be made in two steps:

  1. A one-time “catch-up” payment of the income reduced from the July through December paychecks will be distributed to these employees in January 2013.
  2. Beginning with the January 2013 paycheck, these employees’ monthly income will be adjusted to include the new contractual amount.

Again, we want to thank the board for providing these bonuses and compensation adjustments to our excellent faculty and staff as we head into our Winter Break.  If you have questions at any time, please do not hesitate to contact either one of us!

Sincerely,

James Lane, Ed. D.

Peter Gretz, Ed. D.

 

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