Board releases details of NFT verbal

The Neshaminy School Board issued the following statement to the press a few moments ago . . .

Since the NFT was unable to live up to its own promise to submit a written version of their latest contract proposal to the Board, and in order to keep negotiations moving forward, the Board has chosen to release its own notes of the NFT's verbal proposal given during meeting #34, on August 29th, 2011.

As of the August 29, 2011, verbal offer the NFT is still demanding that all terms and conditions of the 2002 CBA be included as the basis in the next contract with no changes, unless otherwise proposed.

August 29th, 2011 NFT Verbal Proposal

Contract Term 6 Years

All Current Bargaining Unit Employees will be moved four years forward and placed on step, with educational credits; NFT estimated total costs $ 7.2 million dollars. The cost of step movement for school year 2008-2009/ 2009-2010/2010-2011 is estimated by the NFT to cost $5.3 million of the $7.2 million. The NFT is recommending that the District reimburse employees in 12 equal payments $ 441,666 or $1,766,664.00 per year for three years 2008/2009, 2010/2011, 2011/2012.

The NFT proposes the following salary adjustments that would be additional to the above costs.

2008/2009 -0 %

2009/2010 -0 %

2010/2011 -1 % plus steps and education credits (Board analysis confirms this to translate to 3.1%)

2011/2012 - 2.75% plus steps and education credits (Board analysis confirms this to translate to 5.34%)

2012/2013 – 3% plus steps and education credits (Board analysis confirms this to translate to 5.30%)

2013/2014 – 3.50 % plus steps and education credits (Board confirms this to translate to 5.5%)

Early Retirement Incentive:

Retirement Health Insurance would only cover employee and spouse, no dependent coverage; this would require 15 years of service. Retirees will contribute same percentage toward health insurance cost as those currently working. The NFT wants to freeze contribution rate, flat rate at 8% of current costs, with no future increases.

The NFT wants to keep current health plan with a few modifications. Rx plan would be same as current with no single source clause. Self insurance would be acceptable to NFT.

Retirement cash payment, currently $27,500.00, with a ten year service requirement.

Retirement incentive changed to 20 year requirement to qualify. New amount $20,000.00 plus $ 1,000 each additional year of service past 20 years, but will max out at $ 25,000.00.
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