| Delaware City School District |
| Administrative Guidelines |
3415 - SEVERANCE PAY QUALIFICATIONS
| A. | A teacher who retires from active service may receive payment for cancellation of accrued but unused sick leave credit. | |
| B. | This payment shall be a one-time, lump sum payment. Eligibility shall be determined as of the final date of employment. Criteria for eligibility are: |
| 1. | The teacher actually retires from the school system. | ||
| 2. | The teacher must prove acceptance into the retirement system by having received and cashed the first retirement check from the State Teachers Retirement System. | ||
| 3. | The teacher must have not less than ten (10) years of service with this School District, the State of Ohio or its political subdivisions. | ||
| 4. | The teacher must sign an application form for the cancellation of accrued sick leave certifying all eligibility criteria has been met. Such application must be made within eight (8) months of the teacher’s last day of duty. If the retiring teacher notifies the Board forty-five (45) school days in advance of the final work day before retirement, s/he will receive four (4) severance days as a bonus. | ||
| 5. | When the teacher receives payment for accrued but unused sick leave, all remaining accrued but unused sick credit is eliminated. | ||
| 6. | The formula for the calculation of pay for the cancellation of unused sick leave upon retirement shall be: |
(1/4 A x D)
A = Unused sick leave up to a total of 224 days.
D = The per diem pay rate of the teacher on the last day the
teacher worked before retirement.
| 7. | Maximum severance days will equal sixty (60) days. |