I-Team: Superintendent Severance Update

Gov. Jon Corzine requested a review of every school superintendent?s contract Tuesday amid concerns about one school official?s retirement package.

With a $500,000 bonus and nearly $200,000 in unused sick and vacation time, Keansburg Superintendent Barbara Trezeskowski is set to retire with nearly $750,000. That number has outraged many taxpayers and is the subject of two state investigations.

Those with the State Commission of Investigation say they have been trying to ban ?sweet? retirement deals for more than a decade. In 1998, an SCI report urged lawmakers to limit retirees to $15,000 in unused sick time and letting them cash out on only the previous year?s unused vacation time. In 2006, the agency repeated the recommendations and specifically singled out school superintendent contracts.

State lawmakers didn?t approve any recommendations until last year. However, Trezeskowski?s retirement package was already locked in. State lawmakers also never addressed the issue of huge retirement bonuses.

Meanwhile, the state attorney general is asking a judge to block the $500,000 bonus in Trezeskowski?s contract.

I-TeamInvestigates: Superintendent Severance

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 5 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login, create an account or subscribe to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."