Bell's compensation could reach $239,472
North Idaho College trustees will consider renewing President Priscilla Bell's contract when they meet at 6 tonight.
The president's contract is for two years, but it is renewed annually. The proposed contract, if approved, will be effective through June 30, 2012.
There is no proposed hike in Bell's $152,250 annual salary, but there is a proposed $3,500 increase in the contribution to Bell's "supplemental retirement plan." In the prior contract, Bell received $15,000, in addition to her salary, for contribution to a 403(b) which is similar to a private sector employee's 401(k). The proposed contract raises the annual contribution to $18,500.
Bell’s total compensation package is worth $235,972. If the $3,500 additional retirement benefit is approved, her total compensation will be $239,472. A breakdown of what it costs taxpayers is listed below.
The Board of Trustees meeting is open to the public and takes place on campus in the Driftwood Bay Room of the Edminster Student Union Building.
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North Idaho College
Compensation for NIC President
Benefits for 2010*
Housing Allowance 12,000
403(b) Stipend & Contribution 15,000
Medical & Dental Insurance 8,228
Long-term care policy 7,168
Life Insurance 106
Disability Insurance 306
ORP Retirement Contribution 22,057
Car Lease 8,699
Workers Comp. Taxes 896
Social Security Taxes 6,622
Medicare Taxes 2,573
*These salary and benefit numbers were provided by NIC in March 2010.