Superintendent’s secret life insurance policy leaves Pikeville school board divided
April 20, 2019 by Lexington Herald-Leader (KY)
April 18– Apr. 18–PIKEVILLE — More than 10 years ago, the Pikeville Independent Schools system cut a $154,000 check to pay for a clandestine, million-dollar life insurance policy for the district’s superintendent.
The life insurance policy was never publicly discussed or voted on at the time. No mention of it exists in the board’s meeting minutes and few records of the policy exist today.
Now, current board members are investigating. Their inquires have left the five-member school board divided, with one member threatening to resign this week.
Neal Smith, an attorney who is acting as a spokesman for board members investigating Superintendent Jerry Green, said the insurance policy was “extremely illegal from start to finish,” and that “at the very minimum, that policy should be surrendered to the board.”
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