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News Release Contact:
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Superintendent Bill Korach announces retirement, will continue working, will donate salary to LOSD Foundation For Immediate ReleaseFebruary
8, 2011 LAKE OSWEGO – Superintendent Bill Korach announced his
imminent retirement Monday night, asking the Lake Oswego School Board to
support his intention to continue working at a significantly reduced
salary that he will donate to the LOSD Foundation to fund a teaching
salary. “Having been the superintendent of schools in the Lake
Oswego School District for 24 years, I strongly believe I can continue
to serve as the district superintendent on a reduced contract with the
support of my skilled and experienced administrative team,” Dr. Korach
said in a letter to the School Board. “Given the magnitude of the district’s economic
challenges, I feel a responsibility to offer my continued service and
commitment while making a substantial contribution to the financial
support of the district. This commitment would be my way of thanking the
district and the community for providing me with the opportunity to live
such a meaningful and rewarding professional life.” The School Board approved the
superintendent’s request at its February 7 meeting. Dr. Korach will
officially retire within the next month, and will remain as district
superintendent at least through the 2011-12 school year. He
has indicated his
willingness to serve the district for the remainder of his current
contract term, which runs through 2012-13. “The Lake Oswego community owes a debt of gratitude to
Dr. Korach for the tremendous contributions he has made to our schools
in his 24 years as superintendent” said Curt Sheinin, Lake Oswego School
Board Chair. “His offer to retire and essentially work for free is just
the latest example of his dedication to the district. The School Board
has no desire to see his tenure come to an end, especially given the
challenges of the current environment. We are grateful for Bill’s
continued exceptional leadership, and for the generous personal
contributions he will be making to the district in his post-retirement.” In addition to funding a teaching salary with the
donation of his reduced salary, Superintendent Korach will also support
a classified employee salary with the savings between his current
compensation and his reduced compensation.
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