001good everybody good I'm gonna call it order okay I'm going to call the November 18th 2024 pre- ratification meeting to order uh we will start with the Pledge of Allegiance Al to the flag of the United States of America and to Republic for which it stands one nation under God indivisible with liberty and justice for all okay um I now open this public meeting I would like to call on Dr Taylor to provide information about the tentative agreement thank you Mrs counts uh this morning's meeting has been appropriately advertised and the summary of the tentative agreement has been posted online since last week um Senate enrolled act 390 requires a school employer the school corporation to hold a public meeting on the collective bargaining agreement when it's an attentative status and agreed by agreed to
002by the uh the association which they did ratify on Wednesday and so now we're holding a public hearing on that tentative agreement it'll be discussed at this meeting and then we will allow public testimony um Please be aware that this morning we're not asking for any action from the board there will be a recommendation to to approve the collective ban agreement at the at the normal meeting on November 21st 2024 and I'm going to share just some details about the current agreement um we entered this year with a two-year agreement um so we had agreed to increase compensation by um an amount equivalent to 1% for all teachers including some teacher retention catchup um and now what we found ourselves in is a situation where we did grow some students had a little additional Revenue
003um and the the uh School Corporation agreed to reopen bargaining with the with the Teachers Association sorry all right so for 2024 25 we're going to make two different changes into the collective bargaining agreement we will provide a one-time retention stien in the amount of 1% to be paid to all teachers currently employed we will pay the stien out based off the current 2425 base salary and we'll pay it out by the end of December 2024 we actually anticipate paying out the next couple weeks um but wanted to give ourselves that that additional time if necessary um this will be paid out of cash um it's something that we've uh agreed to do and I think it's a great step forward to uh move the the corporation forward into next year um and then the
004additional Revenue that we had in the budget we actually allocated towards health insurance um we're not increasing any employee or teacher share of premiums this year the corporation will in increase their contribution by an average of about 4.87% um we had to make one IRS change this is a single person who's embedded in a family plan they're deductible by IRS regulation had to increase um and then our total premium Revenue will increase by 4.5% um in in the healthcare fund this will allow us to continue to to try to reach our our our Reserve level that we've put out as a Target we're not moving away from it that's the good news if we make this increase we'll start itching inching even closer um and we're not making any changes to the HSA and you
005you can see those are listed here um for for information um again the board will take action we'll ask them to take action on on this on Thursday night um this has been a good year of bargaining and conversation with the association we appreciate that um we look forward to the board considering this on Thursday that is all I have Miss Council thank you uh this is the appropriate time for members of the public to comment on the tentative agreement or information presented this morning either members of the public present that would like to comment topper great I now I now close this public comment are there any board members that have any questions or comments no no okay pretty straight for Dr Taylor thank you yeah that's okay it's Monday morning all right any
006other questions comments for this morning all right M president I move that weour thank you second great all right I now close the meeting