The Courier Times compared teacher contract proposals between four (4) districts: Hatboro-Horsham, North Penn, Pennsbury, and Neshaminy. The comparison demonstrates that Neshaminy's offer is more than fair. Here are some highlights from the comparison:
Salary Increase (Board proposal):
Hatboro-Horsham - 1.67 to 1.77% ranging over 3 years
North Penn - 1.98 to 3.56 ranging over 5 years
Pennsbury - Total Pay Freeze
Neshaminy - 3% ranging over 3 years
Medical Contribution (Board proposal):
Hatboro-Horsham - 11 to 13% ranging over 3 years
North Penn - 10/11/11/12/12% ranging over 5 years
Pennsbury - 12%
Neshaminy - 15-17% ranging over 3 years
Neshaminy's original offer to the NFT was for medical contributions of 10-12% over 3 years for a reduced-cost plan, but the NFT insisted on maintaining its top tier insurance coverage. Due to the high cost of this plan, the Board increased the proposed medical contribution to 15-17% over 3 years. Also keep in mind that the Board did not decrease its proposed raise of an average 3% annually.
Had the NFT accepted the Board's original offer (reduced costs plan with 10-12% contribution), the annual cost savings would have been around $4 million; and if NESPA accepted the Board's original offer the annual savings would have been $1 million. Add those savings together and we would have already reduced our deficit below the Act 1 limit.
The Board's latest offer to the NFT (top tier insurance with 15-17% contribution) would save the district around $3 million annually.