SB 516 – This act modifies provisions relating to education personnel.SCHOOL ADMINISTRATOR COMPENSATION: The school board for each school district is required to annually provide a detailed financial statement to the Department of Elementary and Secondary Education containing names, total compensation packages, and any expenses made on behalf of the districts' superintendents and any assistant superintendents whose compensation package exceeds $100,000 per academic year. The school board must also publish the total compensation package for any consultant hired for administrative duties. Such information shall be published on the Department's website. The Department of Elementary and Secondary Education must create a central repository of information for all districts, which will include public access to school district financial and policy information. The Department must establish clear standards to ensure that all school district submissions contain all necessary information. In addition, the Department must maintain the information online and update it. The Department may contract with one or more entities to create and maintain the repository. (Section 165.111)
SHARING OF SUPERINTENDENTS: Two or more adjacent school districts may share a superintendent who possesses a valid Missouri superintendent's license when at least one of the school districts is classified as accredited or provisionally accredited by the State Board of Education. (Section 162.218)
FINAL AVERAGE SALARY FOR PSRS MEMBERS: This act changes from ten percent to twenty percent the maximum percentage of increase in annual compensation from one year to the next in the final average salary period for members of the Public School Retirement System of Missouri other than a superintendent of schools or other certified central office personnel of a school district. (Section 169.010)
CONFIDENTIALITY OF PUBLIC SCHOOL RETIREMENT SYSTEM OF MISSOURI MEMBER ACCOUNT INFORMATION: This act provides that individually identifiable information pertaining to Public School Retirement System of Missouri members, retirees, beneficiaries and survivors will be confidential unless the individual is post-retirement, employed as a part-time employee, consultant, or independent contractor directly or indirectly with a public school or college. (Section 169.020)
Section 169.010 contains an emergency clause.
This act contains provisions similar to or also contained in HB 2281 (2008), HCS/SB 768 (2008), SCS/SB 994 (2008), HCS/HB 1774 (2008), HB 2537 (2008).
MICHAEL RUFF