Carroll to get nearly $190,000 LGC severance package
The agreement also confirms that Carroll was fired by the LGC and did not resign, as was previously reported.
Carroll earned $189,200 per year, and her severance package is retroactive to Feb. 1, which was the termination of her employment.
The LGC's six-month contract with interim Executive Director George Bald contains no severance agreement, Thomas Enright, chairman of the LGC board, said in a statement on the LGC website.
Enright said last month that Carroll had resigned and was not fired. However, according to the release agreement, "LGC terminated employee's employment on the termination date" pursuant to a clause in Carroll's employment contract that said LGC could terminate her employment at any time without cause.
The LGC, based in Concord, provides communities, counties, quasi-government organizations and schools with health insurance, liability insurance, legal support and legislative advocacy. About 105,000 employees are provided health care by the organization's health care arm, LGC HealthTrust, according to its website.
Carroll assumed the director's role in 2009, and her tenure was dogged by criticism of LGC by towns and, most notably, the Professional Fire Fighters of New Hampshire, for its practice of retaining surpluses from its self-funded risk pools.
LGC had used surpluses from the health insurance pool to keep its workers' compensation program afloat. That practice has ceased, but the workers' compensation program, which has annually lost money since its inception in 2000, continues to be subsidized by its parent organization, the Property and Liability Trust.
After a hearing about the surpluses, the New Hampshire Secretary of State's Office in August ordered the LGC to repay more than $50 million to its members. The LGC has appealed the order to the state Supreme Court.
About $17.1 million that had been used to subsidize workers' compensation was part of the order, but LGC officials still don't know how that money will be repaid by a Dec. 1 deadline, given that the workers' compensation program has no cash reserves.