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Stow-Munroe Falls board approves addendum to treasurer's employment contract
Summary
At a 6:00 p.m. meeting the Stow-Munroe Falls City School District board approved an addendum to the treasurer’s employment contract that alters annuity vesting and requires repayment of the unvested year with 12 months to repay; the resolution passed unanimously.
The Stow-Munroe Falls City School District board of education approved a resolution adding an addendum to the treasurer’s employment contract at its 6:00 p.m. meeting.
The addendum changes how an annuity in the contract vests and establishes repayment terms for the portion that has not yet vested. A committee member said, “I believe this just makes it so that payments can be made…
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