Does anyone know about this? Re: Ra...

Does anyone know about this? Re: Ramapo / Indian Hills

Posted in the Franklin Lakes Forum

Joseph

River Edge, NJ

#1 Sep 12, 2008
Ramapo-Indian Hills School District

Superintendent Paul Saxton’s base salary has been inflated for pension purposes through the addition of annual travel stipends and annual increments in recognition of his
longevity of service. His employment contract with the district further boosts his pensionable base pay by calling for the addition of payments into an “annual flexible
account.”

This device is not explained or defined in any records obtained from the district. Given that these payments are made directly to Saxton as part of his base salary,the Commission can only conclude that the terminology used to describe them is merely a contrivance to disguise what essentially are increments over and above regular raises as specified in his contract.

Between 1999 and 2005, Saxton received a total of more than $66,300 in combined longevity and “flex account” payments, plus $28,000 worth of travel stipends (at $4,800 per year) on top of his contractual base salary during those years. For example, in 2002-03, his contractual base salary was $154,831, but the base as reported to the State
for pension purposes was $167,600, with the addition of the $4,800 travel stipend and flex/longevity payments. In 2003-04, the contractual base of $161,024 was boosted for
pension purposes to $179,018 with the addition of the travel stipend and $13,194 in flex/longevity payment. For 2004-05, Saxton’s salary as reported to the State for pension
purposes was $191,168, including the travel stipend and more than $18,900 in flex/longevity payments.
Joseph

River Edge, NJ

#2 Sep 12, 2008
The NJ State Link for this investigation is:

http://www.state.nj.us/sci/pdf/SCIHigherEdRep...

Its on page 52
John Doe

River Edge, NJ

#3 Sep 26, 2008
I am surprised no one else has commented on this.

These is a serious waste of our tax dollars going to fatten Mr. Saxton's pension.

Just goes to show you that even our town is corrupt on some levels since he is getting away with this and no one cares.

Great.

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