GENEVA – Geneva School District 304 Superintendent Kent Mutchler received an additional $9,000 into a tax-deferred annuity in his new contract, in recognition of his performance the previous year, according to the contract extension released this week.
Mutchler gets $5,000 contributed to the tax-deferred annuity every year as part of his compensation, board president Mark Grosso said. The annuity is a 403D, comparable to a 401K in private industry, he said.
The additional money is a reflection of Mutchler’s good work, Grosso said, especially the state-required teacher evaluation process without hiring any extra employees to do it.
“The implementation of that teacher evaluation with no increase in head count,” Grosso said. “That would have been a huge hit on our budget.”
Mutchler was credited for the $375,000 Readiness and Emergency Management for Schools for a multiagency disaster training drill, and improvement in student academic achievement, Grosso said.
“That $9,000 was a performance stipend,” Grosso said. “We would like to trend toward more performance-based compensation with less off the base. If performance is very well, we got a reward, and we hope this trickles down.”
The board approved his contract extension in a 5-2 vote Monday. In it, Mutchler received a 2.5 percent pay increase to more than $203,720 for the current school year and an extension of his five-year contract by one year to June 30, 2018. The previous contract listed his base salary as $198,751.
The previous one-year contract extension was approved April 8. Grosso said the board was dealing with the teacher contract and other issues, and held back finalizing Mutchler’s contract extension.
Grosso said the additional money goes into Mutchler’s personal retirement account and is not counted toward earnings for state pension purposes, saving taxpayers some money on those pension costs.
Mutchler’s vacation was reduced to 25 days from 30, and allows him to accumulate some of them and sell some back to the district at a pro-rated cost, according to the contract.
Mutchler was given a choice to buy the 2006 Ford mini van the district leased for him when he came here.
With the board’s encouragement, Grosso said Mutchler paid $4,500 for the van, which has 125,000 miles on it. In exchange for not having to pay vehicle expenses, the district will pay him $800 a month for his travel expenses.