Browsing: St. Basil Academy

1. Clergy Retirement Account  The following options are possible strategies for repaying the funds that were not placed in the Clergy Retirement Fund. The Archdiocese will have to manage its operations with less. The alternative – retiring clergy families will have to manage with less. Option 1: Each year all parishes should split their Archdiocesan assessment by ½. Each year ½ should be sent to Archdiocese Each year ½ should be sent to a professionally-managed pooled investment account Interest on the pooled account will be placed in the Clergy Retirement Account until account is up-to-date. The principle of the Pooled…

Source: The National Herald | Theodore Kalmoukas ALBANY, NY – The New York State Court of Appeals on January 5 ruled against St. Basil Academy on its long standing dispute with the Garrison school district regarding tuition fees for those of St. Basil children that are not Garrison residents. The unanimous opinion, delivered by Judge Pigott, described that “this appeal presents the question of whether a school district is obligated to pay for the educational costs of the children living in a child care institution located within district boundaries,” and, in affirming the lower court’s opinion, concluded that “a school…