Sources tell ABC2 that retiring Howard County Public Schools Superintendent Dr. Renee Foose will receive $1.6 million over the next four years for her departure.
On Tuesday, the Howard County Board of Education announced that Dr. Foose retired from her position effective immediately. The board and superintendent were reportedly in meetings for nearly 17 hours Monday working on an exit agreement.
The terms of the agreement are:
The board agrees to pay Dr. Foose the gross sum of $1,132,680.
1. $225,000 on May 31, 2017;
2. $302,560 on January 15, 2018;
3. $302,560 on January 15, 2019;
4. $302,560 on January 15, 2020.
In addition, the board is making contributions to Foose's 403B Plan for $171,000.
She'll also get $278,126 for the Maryland State Retirement and Pension System.
Related: Dr. Renee Foose leaving Howard County Schools
Earlier this year, Dr. Foose filed a lawsuit against the Board of Education for their alleged “unlawful conduct” in preventing the superintendent from fulfilling her job responsibilities.
According to board chair Cindy Vaillancourt, the lawsuit will now be dropped.
Foose took over as HCPSS Superintendent July 2012. In 2016, the previous board voted to renew her contract. She began a second four-year contract on July 1, 2016 with a salary of $273,000+ per year.
The full details of Dr. Foose's exit agreement are expected to be released on Wednesday.
