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Pasco schools officially back away from life insurance concept

LAND O'LAKES — The Pasco school district's exploration of a free life insurance proposal for employees is officially dead.

Four days after state regulators said the concept appeared to violate Florida law, Pasco superintendent Kurt Browning told the School Board "it's over."

"I wanted to put a final nail in the coffin, pardon the pun, but we will not recommend we pursue the legacy life," Browning told the board Tuesday.

He praised his staff for taking steps to investigate the idea, which would have had private investors purchase life insurance policies on district employees, whose families would collect the benefits.

Regulators questioned whether those payments would ever come under the structure created by Ohio-based Pollock Financial Group.

"There will be other opportunities to look at public-private partnerships that may wind up being fruitful," assistant superintendent Ray Gadd said, thanking the board for allowing the administration to look into the concept.

In other business, the board approved the appointments of two new principals. Claudia Steinacker, assistant principal at Connerton Elementary, will take over at Cox Elementary School, and Christina Twardosz, assistant principal at Wesley Chapel Elementary, will lead Centennial Elementary.

Both take over immediately. The district still has two more principal positions to fill.

Jeffrey S. Solochek can be reached at jsolochek@tampabay.com.

Pasco schools officially back away from life insurance concept 06/17/14 [Last modified: Tuesday, June 17, 2014 8:25pm]

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