Monday, January 11, 2016

McIntyre to get salary, benefits, vacation under proposed buyout

Jim McIntyre
Details on the contract buyout for Knox County Schools superintendent Jim McIntyre are now public.

McIntyre announced a week ago his plans to resign, effective July 8.

Along with news of McIntyre's impending resignation came word the Knox County Board of Education will pay McIntyre a buyout equivalent to one year's salary.

He will receive that pay out - $227,256, minus normal employment required deductions – in a lump sum by Feb. 15, 2016.

You can find the proposal RIGHT SMACK HERE.

In addition, the deal allows McIntyre and his immediate family to receive health insurance coverage for 18 months following his resignation.

Further, he will also receive compensation for any unused vacation days.

According to KCS public affairs specialist Abbey Harris, McIntyre started the 2015-16 school year with 60.5 days of vacation, which include rollover days from the previous year.

So far this school year he has used 16.5 of those.

The daily payout rate for each of McIntyre’s unused vacation days is $891.20. That means if McIntyre takes no more vacation by his last day on July 8, McIntyre will receive $39,212.80 for those remaining days.

The deal won't be official until the KCBOE approves it. Members have scheduled a special meeting on Tues., Jan. 19 specifically to address this matter.

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