Thursday, March 26, 2015

Superintendent Retirement Agreement and General Release

At the most recent meeting of the Minooka CCSD 201 school board on March 25, 2015, the board voted to approve a Retirement Agreement and General Release with Superintendent Al Gegenheimer (click here for the signed Agreement).  The Ageement allows Superintendent Gegenheimer to retire one year earlier than provided for in his latest contract (pursuant to the Retirement Agreement and General Release, he will retire as of June 5, 2015).  The Agreement requires the District to make certain payments to Mr. Gegenheimer, make certain payments to the Illinois Teachers' Retirement System on his behalf due to his early retirement, as well as maintain Mr. Gegenheimer and his dependents on the District health insurance until he qualifies for Medicare (approximately 6 years) or is reemployed by an employer that offers health insurance.  The Agreement also contains a mutual general release of claims by Minooka CCSD 201 and Mr. Gegenheimer.  The Agreement was approved by a 5 to 1 vote (Clucas, Skwarczynski, Satorius, Hannon, and Allen voted "yes," while Martin voted "no," and Crouch abstained).

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