A teacher is Oconee County Schools who makes a little more than $60,000 a year in salary actually has a total estimated benefit of nearly $86,000 when the contributions of the school system itself are included.
That was the message of Saranna Charping, chief financial officer for the school system, who reviewed the Total Benefits Statement sent to all school system employees with the Board of Education last month.
It also gave the public an insight into salaries and total compensation packages of teachers.
Charping used as an example an employee with a master’s degree and 15 years of professional experience.
Such an employee would receive a salary of $60,296 but total benefits of $85,815, Charping reported.
Breakdown Of Benefits
Charping used the example of a teacher with a master’s degree and 15 years of experience–called Jane Smith in the example given the Board–to show members what has been communicated to the system’s employees.
|Charping And Board|
She said the Total Benefits Statements had been mailed to all employees on Feb. 28.
In the example, Jane Smith spent $10,909 annually of her own money for a benefits package that included life insurance, life insurance for a child, a family vision plan, state medical insurance, and contributions to both the state retirement system and a 403(b) retirement plan.
Neither Jane Smith nor the school system made a contribution to Social Security, with the state retirement plan serving as the allowed alternative.
Smith put $3,780 of her own money into the state retirement plan, and the Oconee County School System contributed $10,591.
Smith also contributed $2,713 to her 403(b) plan, and the School System matched that contribution.
The largest expenditure by the School System other than for salary for Smith was for the state health insurance plan.
The School System contributed $11,340 to that plan, and Smith contributed $3,443.
In addition, both Smith and the School System paid $874 in Medicare Tax.
The Total Benefits Statement that Charping presented to the Board at its regular meeting on March 12 for Smith showed that she contributed $11,783 in insurance, retirement and taxes, and the School System contributed the $85,815.53, for a total expenditure of $97,599.
The School System’s contribution was 87.9 percent of the total expenditure of $97,599.
Charping did not compare the benefits package for Oconee County school employees with those of other school systems in the state.
The The Atlanta Journal Constitution used data obtained from the Georgia Department of Education for the 2015-2016 school year to make such a comparison.
The paper used the Certified Personnel Index that school districts send to the Georgia Department of education each year. The index includes all local supplements, including bonuses.
In that comparison, the average teacher in Oconee County Schools received a salary of $57,160, which was higher than for any of the school systems in the counties surrounding Oconee County except one.
Walton County’s average teacher pay in that comparison was $60,023, the fourth highest in the state.
The video below is of the entire regular meeting of the Oconee County Board of Education on March 12.
Charping made her report on the Total Benefits Statement at 14:32 in the video.