The Waterford Schools Board of Education at its meeting on Thursday, June 7 will consider extending the contract of Superintendent John Silveri by one year, through June 30, 2015.
Silveri began his tenure as superintendent of the Waterford School District on Oct. 1, 2010 and his original contract with the district was for three years — from the 2010-11 school year until the end of the 2012-13 school year.
Last August, the board approved an extension of his contract for one year until the end of the 2013-14 school year.
Silveri’s contract calls for a salary of $160,000 per year, and also states that it is to be adjusted at the same rate as other district central office staff, or as may be otherwise agreed to by the superintendent and the school board.
The contract also calls for the district to make an annual contribution equal to 7 percent of Silveri’s current salary on behalf of him to a tax-sheltered annuity of his choosing from the district’s approved list of providers.
The contract also requires that Silveri own or lease an automobile to travel to the district’s various school buildings and facilities in the district, as well as out-of-district conferences and meetings, with a reimbursement of $400 per pay period.
The school district can also pay the cost of Silveri’s membership in educational, professional and local civic organizations subject to board approval.
Per terms of the contract, Silveri receives 25 days of vacation time annually.
Silveri is also entitled to the same sick leave, and medical, vision, dental insurance and long-term disability insurance provided for the professional staff of the district.
The Board of Education also has the right to terminate his contract if he is unable to perform his duties and obligations due to illness, accident, or other causes, after a 180-day period.