The Malden School Committee has signed a $160,000 a year, four-year contract, with an option for a fifth year, with new Superintendent David J. DeRuosi, Jr.
DeRuosi will receive also receive a $4,000 annual annuity payment to an insurance company.
Other benefits include 25 vacation day per year, which may not be taken while school is in session. He will also receive 18 sick days per year, which may be accumulated over the life of the contract.
Upon retirement, DeRuosi will be able to buy back up to 300 sick days, at a rate of $10 per day, according to a copy of the contract.
DeRuosi, 49, who started July 1 could not be reached for comment this week. He is attending a conference for new superintendents run by the Massachusetts Association of School Superintendents.
Steve Ultrino, vice chairman of the school committee, called the pact a fair deal for both sides. "I'm very happy with it, " Ultrino said. "I think the fifth year option gives it some longevity. Superintendents don't stay in jobs very long anymore."
DeRuosi, who most recently was an assistant superintendent in Revere, replaces Sidney Smith, who retired. Smith earned a $165,000 salary in his final year, Ultrino said.
Glenn Koocher, executive director of the Massachusetts Association of School Committees, said DeRuosi's base pay is about the median now paid to urban school superintendents.
"Malden is a large district," he said of the 6,500-student system. "It poses formidable, but
surmountable challenges to an able superintendent."
DeRuosi takes over at a time of change and transition. Four of the nine school
committee members who appointed him are leaving. Ultrino and Peg Crowe, who represents Ward One, are running for seats on the city council. Mayor Richard C. Howard, the committee chairman, is not seeking re-election. Ward Three Committee Member Kevin J. Duffy is leaving the board.
DeRuosi will also have to hire a new business manager, to replace Irene Oliver, who took a job in another system. The job was advertised, but after receiving only a handful of candidates, the committee has decided to hire an interim business manager and readvertise the job in the fall, Ultrino said.
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