Countdown to April 29 to PERMANENTLY close M. R. Reiter. Ask the board to see the 6 point plan.

Tuesday, June 3, 2008

Neshaminy Teachers Negotiations

From the BCCT this morning

NESHAMINY
Teachers, school board resume talks
The state fact-finder proposes a 3-percent increase in pay and no charge to the teachers for health care premiums.
By RACHEL CANELLI

Back to the table.

Since neither side has formally accepted a fact-finder’s recommended teacher labor contract, the Neshaminy school board and the Neshaminy Federation of Teachers will resume negotiations. Meanwhile, the report of state-appointed fact-finder John Skonier was made public Monday.

The three-year proposed deal calls for a 3 percent salary increase but no change to the health care package, under which the union does not contribute to its health care premiums, officials said.

Skonier’s report also suggests a 3 percent increase for the co-curricular salary schedule and leaving the excused absence policy and the teachers’ assignment schedules as is.

While the administration has rejected the proposal, the teachers have not accepted or rejected it. That counts as a rejection, according to the Pennsylvania Labor Relations Board.

To have a new agreement, both sides would have to accept everything Skonier recommended. They can’t pick and choose pieces of his suggestion.

The newspaper was unsuccessful in reaching school board President Richard Eccles for further comment.

But on a Web site created by the board to keep residents posted on contract talks, members claim they said no to the proposal for the following reasons: health care, and a lack of addressing the step schedule, the retirement incentive package, the length and number of workdays and automatic salary credit for graduate level courses that are not part of a formal master’s degree program. The step schedule is a pay raise process teachers use based on experience and education.

“We look forward to good faith bargaining with the union in order to reach agreement on a contract that is fair and equitable to all, including staff, Neshaminy taxpayers and students,” a note on the site said.

The newspaper was also unsuccessful in reaching NFT President Louise Boyd for comment.

Both sides have another five to 10 days to accept Skonier’s findings, according to the board’s lawyer, Charles Sweet. He also spoke for Pennsbury in 2005 when that district’s teachers struck for 21 days. Tom Jennings is representing the union, administrators said.

The school board and the union are expected to resume talks under the supervision of state-appointed mediator Jill Leeds-Rivera, who was also involved in the Pennsbury bargaining.

If an agreement isn’t reached when the contract expires at the end of this month, the teachers will continue working under the old deal.

Under that pact, the average teacher salary is more than $81,000. But since at least 50 teachers at the higher end of the 11-step pay scale are retiring this year with another 20 leaving in January, that figure is expected to decrease. The average starting teacher salary is $51,976, when combined with experience and education, according to the district’s human resources department.

The top salary, which requires a master’s degree plus 30 credits, is approximately $95,923.


Although the teachers do not pay any percent of their health care premiums, they do pay $15 for co-pays and $5 and $20 for generic and brand-name drugs, respectively, through Personal Choice, as reported by the district’s human resources department.

3 comments:

Jon said...

For those in the community interested in sliming for the sake of sliming via rumor, innuendo, and circumstantial evidence, lemme help you out with an entry from today's Phila. Inquirer. Wachovia is one of the District's banks. See Item 3.2.1.a of the 5/28/08 agenda, in which the Board just voted to designate (or redesignate) Wachovia Bank as one of its depositories (or suppositories, as one board member referred to it). At least the ousted Wachovia CEO's golden parachute had a lot less gold than some of his competitors'. What does it all mean to Morrisville? Not much, but it sounds cheap & tawdry, just the way we like it...



Wachovia board fires CEO
By Harold Brubaker

Inquirer Staff Writer

Wachovia Corp., the biggest bank in the Philadelphia region and the fourth-largest in the nation, ousted its chief executive yesterday, raising the prospect that bigger losses could be coming or that it could be a takeover target.

The move surprised some because G. Kennedy Thompson, who faced angry calls for his resignation in April at the Charlotte, N.C., bank's shareholder meeting, appeared to have saved his job by relinquishing the role of chairman last month.

Wachovia's newly appointed nonexecutive chairman, Lanty Smith, was named interim CEO yesterday.

"No single precipitating event caused the board" to ask Thompson to retire, Smith said in a statement, "but a series of previously disclosed disappointments and setbacks cumulatively have negatively impacted the company and its performance."

Those disappointments, which have shaken management credibility with investors, included a $707 million first-quarter loss and a 41 percent dividend cut in April after the bank had assured investors that the dividend was safe.

Charges announced in April, including $144 million for unsound practices involving companies that process payments for telemarketers, ate up 16 percent of the $8.05 billion in capital raised in the month and "reflected poorly on senior management," Jeffrey Harralson, an analyst at Keefe, Bruyette & Woods, said in a note to clients.

A big chunk of Wachovia's problems stem from its 2006 purchase of mortgage-lender Golden West Financial Corp. for $24.2 billion in a bid for a piece of the action in then-hot markets, such as California and Florida.

Since that deal was announced, Wachovia's shares have lost 58 percent of their value. The shares closed down 40 cents, or 1.7 percent, to $23.40 yesterday on the New York Stock Exchange.

Golden West's signature product was a mortgage that allowed borrowers to choose how much to pay. That enabled borrowers to afford more expensive houses because they could elect a lower monthly payment.

Wachovia had $121 billion in such loans on its books March 31, and analysts said they expected losses from that portfolio to rise significantly over the next few quarters.

Analysts at Morgan Keegan & Co. Inc., for example, took Thompson's removal "as a sign that more bad news will be forthcoming" when Wachovia reports second-quarter earnings next month.

A new CEO is more likely to move quickly to clean up Wachovia's books, analysts said. That could mean more write-downs of bad loans and other assets accumulated during a string of acquisitions under Thompson, who became CEO in April 2000.

Thompson joined ex-CEOs Stanley O'Neal of Merrill Lynch & Co. Inc. and Charles Prince of Citigroup Inc. They also presided over huge losses from bad mortgages and were forced out.

Wachovia's search committee for a new CEO includes Aramark Corp. chief executive Joseph Neubauer.

Judith M. von Seldeneck, chairman and chief executive of Diversified Search Ray & Berndtson, a Philadelphia executive search firm, said the committee should have no difficulty finding a replacement. "I think there are a lot of really good CEOs around today that would find a situation like that attractive."

Wachovia has 207 branches in the Philadelphia region, with 21 percent of the area's deposits, and 6,401 of the bank's 120,000 worldwide employees are based in the Philadelphia region.

-----------------------------------Farewell Deals
Bank CEOs who recently have retired under pressure, and the total value of their final compensation packages:

Wachovia Corp.
G. Kennedy Thompson, 57, retired yesterday.
$8.65 million

Citigroup Inc.
Charles O. Prince, 58, retired Nov. 4.
$30 million

Merrill Lynch & Co. Inc.
E. Stanley O'Neal, 56, retired Oct. 30.
$165.1 million

SOURCE: Bloomberg News

Jon said...

Can someone lay out some basics of Morrisville's contract to see how it compares?

Jon said...

Not sure if my previous attempt worked. Anyway, there was a rally in Harrisburg yesterday in support of House Bill 1275, the School Property Tax Elimination Act. Was anyone there? If so, would you please report a little bit on it? Thanks!


Monday, Jun. 02, 2008
Hundreds rally to push for school property tax elimination
- The Associated Press
HARRISBURG, Pa. — Hundreds of people jammed the Capitol Rotunda in Harrisburg to press for an elimination of school property taxes.

The raucous "Save Our Homes" rally Monday follows a deadlock earlier this year where state lawmakers failed to reach agreement on a proposal to shift some or all school taxes to some other form of revenue.

The organizer, state Rep. Sam Rohrer of Berks County, said they were demanding an end to delays.

"How many foreclosures are necessary before it becomes too many? How many sheriffs' sales will it take to become important?" he said.

A couple dozen state lawmakers joined sign-carrying protesters.