By Karen Billing
Former Del Mar Union School District Superintendent Sharon McClain has agreed not to appeal the court’s judgement and has agreed to a settlement with DMUSD. The settlement was signed by McClain on Dec. 19 and the checks from the district are already in the mail, a total of $218,728.59.
“We are working with the Joint Powers Authority (JPA) to determine whether the JPA may cover all or part of the cost of the settlement, which would decrease the amount funded from the district’s general fund,” said DMUSD Superintendent Holly McClurg.
According to McClurg, the judgment was for $154,916.37, based upon two and a half years salary less the amount that California State Teachers Retirement System (STRS) paid to her in retirement, plus the two and a half years of the tax shelter annuity
The district wrote McClain a check for $69,980.81, the judgment minus STRS, federal taxes, state taxes, and medicare. A second check for the tax sheltered annuity was issued to TD Ameritrade for $32,000. A third check was issued to Gronenmeier and Associates Trust account for $63,812.22, which represents interest on McClain’s lost salary of $45,142.82 at 7 percent and $18,669.40 for costs mandated by the court for court reporter, depositions and other expenses. The total amount of checks written by the district was $165,793.03. The district will also be responsible for paying $52,935.56 for taxes withheld from this amount.