Talk of the Sound has learned that Margaret "Peg" Pecunia, Assistant Superintendent of the City School District of New Rochelle, will retire at the end of the 2011 School Year.
Pecunia's departure comes at a time of increasing criticism of Superintendent pay throughout New York. Pecunia was among those Superintendents getting a 4.5 pay increase while the district was firing staff and reducing pay increases for teachers last year.
Pecunia is the first Superintendent to leave the employment of the district, the since disgraced Fred Smith, in 2009. When Smith resigned his position with the district, the Board approved splitting up Smith's pay among the remaining Superintendents with the result that the remaining Superintendents salaries now exceed $200,000 a year, among the highest in the United States.