|School City of East Chicago|
|Bylaws & Policies|
1415 - SEVERANCE PAY
All administration staff members who present evidence of retirement from active service with the School Board shall be granted severance pay for their accrued but unused sick leave days.
The Board authorizes the payment to a retiring administration staff member of his/her unused sick leave days under the conditions established in the Superintendent's administrative guidelines.
For purposes of this policy, "retirement" means retirement under the State Teachers Retirement Fund (S.T.R.F.) and/or the Public Employee Retirement Fund (PERF).
Payment of severance pay shall eliminate all obligations of the Board at the time of retirement from any further payment or restoration of sick leave unused.