District employees to receive portion of LGC refund
PETERBOROUGH — ConVal School District employees who made contributions toward their health insurance in 2010 will be getting money back as a result of the refund the district recently received from the Local Government Center.
Business Administrator Marian Alese told the School Board last week that about $20,000 will be returned, in the form of reductions to this year’s insurance contribution, to employees who chose plans requiring them to contribute toward the premiums. On Monday, Alese said about 125 current employees will be affected.
Under the terms of the contract in place in 2010, the district’s employees did not contribute to the retirement plan if they chose basic coverage. But contributions were required for those who chose the more expensive plans that were offered.
Alese said the reduction in contributions for those affected will happen sometime in November, and the workers will receive information explaining the adjustment.
In September, Alese notified the board that the Local Government Center had refunded about $725,000, which were excess contributions in 2010. After the portions of the refund being returned to employees and retired workers are deducted, the school district will have about $639,000 remaining.
Officials in many of the ConVal towns and some School Board members have urged the district to treat that money as revenue when it provides information used to calculate tax rates by the Department of Revenue Administration. That would result in lower school taxes this year for residents of the ConVal towns.
Alese said Monday that the School Board plans to hold a public hearing prior to making a decision on how to allocate the refund. The date for that hearing has not been set.