Wednesday, June 20, 2007

Association Questions Why BOE Says No to 403b Contribution for Retirees

The Connetquot Teachers Association questions the reasoning behind the Board of Education's decision not to allow retiring teachers the option of investing their retirement incentives into their tax sheltered annuities. In addition to this being an honorable action for the District to do for its retiring members, it could have saved the taxpayers of the District over $550,000 since 2003. This conservative estimate is based on an analysis conducted by Evan Engler, Coordinator of Finances for the New York State United Teachers.

The Association questions the BOE for voting not to save the Connetquot community a tremendous amount of money. The Association also questions why the BOE wouldn't show its appreciation to the teachers who have served the District for more than 30 years and have educated and guided the students of this community.

The Connetquot Teachers Association is committed to sharing with the Connetquot community the truth about how our taxpayers' monies are wasted and how the District's decisions impact the morale of the teaching staff.

CLICK HERE TO READ LETTER SENT TO THE BOARD OF EDUCATION AND ANALYSIS OF TAXPAYER SAVINGS