In accordance with statute, all employees who present evidence of retirement from active service with the Board of Education shall be granted severance pay for their accrued but unused sick leave days. This policy specifies the manner for so doing.

An employee with a minimum of five (5) years of continuous full-time service, who elects to retire, shall be paid for all or part of his/her unused sick leave up to a maximum amount specified in McComb Teachers Education Association agreement. Up to such maximum, accumulated sick leave will be counted on the basis of one (1) day of severance pay for each four (4) days of sick leave. The Board will make payment to the employee upon verification form SERS that retirement has been processed. Payment shall be based upon the employee daily rate of pay at the time of retirement. Severance pay upon retirement will be paid only one (1) time for any employee.

Payment of severance pay shall eliminate all obligations of the employer at the time of retirement from any further payment or restoration of sick leave unused.

R.C. 124.39, 3319.141

Revised 1/10/05