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07.03.2009 11:04 am

New state superintendent to draw retirement in addition to regular salary

St. Louis Post-Dispatch
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New Missouri state Education Commissioner Chris Wright Nicastro, now in her last month as superintendent of Hazelwood Schools, plans to retire from the state’s public school retirement system and draw that money in addition to the $185,400 she will make as commissioner.

Her salary at Hazelwood was $205,222, so it appears she will be making a salary cut.  But with her 32 years in public school education, she will draw at least 80 percent of her salary, which means she will get about $164,000 a year in retirement.  That means she’ll make about $350,000 a year.

Her new job apparently comes with the same insurance and benefits that other state employees get, and as commissioner she will get use of a state car.

Read more about Nicastro in today’s follow-up story.

34 comments

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ARE YOU KIDDING? IM SICK OF THE PEOPLE DOING WORK FOR SCHOOLS MAKING THIS KIND OF MONEY. THIS IS WHY OUR REAL ESTATE TAXES ARE SO HIGH, TO PAY THIS LADE 350K TO PUSH PAPERS. WHAT A JOKE.

— brokenhammer
12:03 pm July 3rd, 2009

I hope Uncle Sam taxes the daylight out of her wages..

— DWI
12:28 pm July 3rd, 2009

If people are going to complain about how much teachers and administrators make, then I suggest that they go back to school to find their way into the education field. You made a choice, they made a choice. I made the choice to become a teacher. It’s hard work, but I love it. I work hard at what I do and plan to continue to teach for the next 20 years.

She is rightfully collecting her retirement while continuing to be in the work force. I plan to do the same thing when I retire from my teaching career. I probably will not be making what she is (as I do not plan on becoming an administrator), but I plan to continue working in education once I retire, hopefully teaching in a private/parochial school. I’m only going to be in my 50s, and I don’t think I’ll just want to stop there and collect retirement. I’m one of those who loves what I do for a living. Maybe she is, too. Yes, she’s making a lot of money and who wouldn’t like that?

How is her “pushing papers” for a public school district any different the all of those other career paths out there where others make six figure salaries for doing just that or crunching numbers? What about those sports figures who make millions of dollars by hitting and catching balls? What about all those idiots our government has had to bail out?

She’s got a difficult job ahead of her. This will not be easy as the state of education (anywhere, not just poorer school districts) has been going down the tubes for sometime. I wish her the best of luck.

— Stephanie
12:36 pm July 3rd, 2009

If people want to complain about Unions, they should complain about the teachers Union. They’re damn near Mobsters and put out an inferior product far worse than any car manufacturer ever produced. The quality of human being that the American Teachers Union puts out is sheer garbage. Human debris that can’t read or write and are as violent as gladiators.

— ETU Union
12:44 pm July 3rd, 2009

This is unforgivable, especially in this day and age. No one in the private sector has that kind of insane pension benefit coming - No one. The stock market has returned 0 since 1998, so I have to continue working until I’m 80 and in part to pay this persons’ retirement benefits? Kiss my a$$. Both Govt’ and Wall Street are cleaning America out, and it has to stop.

— REALITY CHECK
12:45 pm July 3rd, 2009

In Missouri, a teacher’s retirement is generated from career-long, mandatory, contributions into the Public School Retirement System (PSRS) — unless it is St. Louis Public Schools (they have a different retirement structure). The system is funded by teacher contributions, district contributions, and investment earnings. If you would like to learn more, visit http://www.psrs-peers.org/ for more information.

— just-a-teacher
1:01 pm July 3rd, 2009

To all of you that complain about successful people I will tell you the same I tell everyone else. Life is about the choices we get, the decisions we make and we either reap the benefits of our choices or we pay the consequenses of them that were poorly made. This lady is successful in her choices. It is easy to look at someone else and complain. I used to work with people who complained all day about their situation in life either about a bad marriage, out of control kids or money problems or lack of education etc. I told them that there was only one person to blame. Themselves. They made the choices [or didn't] and if things didn’t turn out the way they expected, the rest of us do not want to hear about it. So to this lady, I say great. Enjoy the fruits of your labor and talent and your career choice. To the complainers, I say take a good look in the mirror and you may see the cause of your situation. If you chose to quit school or not aquire a marketable skill or made other poor decisions, deal with it, but do not critisise someone who did.

— beleze
1:14 pm July 3rd, 2009

Instead of going after teachers/administrators that make too much money, why don’t we focus our efforts on the REAL overpaid professions - Athletes, Lawyers, Health Insurance executives, & politicians. All of these people get paid much more than educators/administrators and they don’t contribute to the growth of society.

Education is the very core of our society. It should be valued. Every decision make is either based on education or the lack of education.

— QuestionAuthority
1:25 pm July 3rd, 2009

The difference is that our real estate taxes don’t pay the salaries of athletes, celebrities or company officers. A $200k salary for an administrator is WAY out of line compared to what the average teacher makes. Collecting a government pension while working at a comparable government position is also WAY out of line. I would be ok with a pension paying the difference in salary were that salary in line.

— What?
1:54 pm July 3rd, 2009

It should be noted that for 32 years Dr. Nicastro paid in between 10 and 14% of her salary yearly, matched by the school district. The Missouri Teachers retirement fund has conservatively managed that fund and now she is receiving the pension that she has earned. Good for her.

— teacher
1:54 pm July 3rd, 2009

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