Runcie could receive a huge payout combined with the years he’s already vested in under the state retirement system in Florida.
An exact dollar figure has been requested by the School Board Chair Rosalind Osgood.
Broward County Public Schools Superintendent Robert Runcie’s separation agreement stalled Wednesday over a provision in his contract that could add another $400,000 to his payout when he leaves the office, which could bring his total severance to more than 700,000.
The 400,000 stems from a clause in Runcie’s contract that calls for the district to pay him the money he gave up from the Chicago school district by coming to Broward as superintendent in 2011, providing Runcie stayed with the Broward district for 10 years.
That would bring his total severance package to 733,000.
Runcie, indicted by a statewide grand jury last month on a perjury charge, was chief of staff to the Chicago Board of Education before Broward School Board hired him in the fall 2011.
Runcie’s attorney, Sherry Culves, state during negotiations with the Board Wednesday that under the proposed deal, Runcie would cease his official duties as superintendent immediately. But since his contract calls for a 90 day’s notice of termination, he would stay on as an employee helping next interim, acting or permanent superintendent transition to the job.
The exact dollar figure Runcie is owed in retirement benefits is unknown since his account with the Florida Retirement System, the pension program for public employees, is frozen due to indictment, Culves said.
School Board Chair Rosalind Osgood states “I’m not comfortable comfortable going to the board without that number.”
The board has tasked Osgood with negotiating a termination agreement with Runcie, 59, who has been accused of lying on the grand jury in his testimony, and with Barbara Myrick, 72, the district’s general counsel, also indicted by the grand jury’s proceedings.
The board is expected to meet Thursday to discuss Myrick’s proposed exit deal.