| C-TEC of Licking County |
| Bylaws & Policies |
4415 - SEVERANCE PAY
Employees of the C-Tec of Licking Co. School Board of Education may at the time of their separation by retirement apply for severance pay upon the following basis:
| A. | Each employee with a minimum of ten (10) years service in the State Retirement Systems will be granted severance pay when officially granted retirement benefits by any of the State Retirement Systems. | |
| B. | Said severance pay shall be calculated upon the basis of one-fourth (1/4) day credit for each accumulated day of sick leave up to a maximum established by the Board. | |
| C. | Employee must apply within ninety (90) days of retirement to be eligible for severance pay. | |
| D. | Such payment shall be based upon the employee's rate of pay at the time of his/her separation for retirement. | |
| E. | Upon being granted severance pay, all previously earned sick leave is cancelled. | |
| F. | Such payment may be made only once to any employee. |
R.C. 3319.141, 124.39