SEVERANCE | Policy Manual | Ohio Valley ESC

1415 - SEVERANCE

Treasurer

Pursuant to R.C. 124.39(C), the Governing Board provides more severance benefits than those set forth in R.C. 124.39(B) for the Treasurer. Specifically, the Treasurer shall, upon separation from service with the Governing Board for any reason other than termination for cause, be paid one-fourth (.25) of the value of the Treasurer’s accrued but unused sick leave up to a maximum of 240 days.

Pursuant to R.C. 124.39(C), if the Treasurer dies during employment with the Governing Board, the Treasurer’s unused sick leave shall be paid in accordance with R.C. 2113.04 and applicable laws or to the Treasurer’s estate with the “date of passing” serving as the “date of retirement” for the purposes of this severance payment.

This policy shall become null and void effective August 1, 2029, with respect to the Treasurer at which date the Treasurer shall receive severance in accordance with the Superintendent, Administrators, Teachers, and Non-Teaching Employees in this policy unless this policy is otherwise amended or repealed.

Payment of severance shall eliminate all obligations of the Governing Board from any further payment or restoration of sick leave unused.

For purposes of this policy, “retirement” means service retirement under the State Teachers Retirement System of Ohio and/or the School Employees Retirement System of Ohio.

Superintendent

Pursuant to R.C. 124.39(C), the Governing Board provides more severance benefits than those set forth in R.C. 124.39(B) for the Superintendent with five (5) or more years of service with the Governing Board. Specifically, the Superintendent covered under either R.C. 124.38 and/or R.C. 3319.141, who qualifies and accepts retirement benefits under STRS/SERS and has five (5) or more years of service with the Governing Board, shall qualify for a one-time severance payment. The severance payment shall be in the amount of one-fourth (.25) of the value of the employee’s accrued but unused sick leave up to a maximum of forty-five (45) days times the calculated daily rate.

Pursuant to R.C. 124.39(C), if the Superintendent dies during employment with the Governing Board, the Superintendent’s unused sick leave shall be paid in accordance with R.C. 2113.04 and applicable laws or to the Superintendent’s estate with the “date of passing” serving as the “date of retirement” for the purposes of this severance payment.

This policy shall become null and void effective August 1, 2025, with respect to the Superintendent at which date the Superintendent shall receive severance in accordance with the Treasurer, Administrators, Teachers, and Non-Teaching Employees in this policy unless this policy is otherwise amended or repealed.

Payment of severance shall eliminate all obligations of the Governing Board from any further payment or restoration of sick leave unused.

For purposes of this policy, “retirement” means service retirement under the State Teachers Retirement System of Ohio and/or the School Employees Retirement System of Ohio.

Administrators

Pursuant to R.C. 124.39(C), the Governing Board provides more severance benefits than those set forth in R.C. 124.39(B) for Administrators with five (5) or more years of service with the Governing Board. Specifically, Administrators covered under either R.C. 124.38 and/or R.C. 3319.141, who qualify and accept retirement benefits under STRS/SERS and have five (5) or more years of service with the Governing Board, shall qualify for a one-time severance payment. The severance payment shall be in the amount of one-fourth (.25) of the value of the employee’s accrued but unused sick leave up to a maximum of forty-five (45) days times the calculated daily rate.

Pursuant to R.C. 124.39(C), if the Administrator dies during employment with the Board, the employee’s unused sick leave shall be paid in accordance with R.C. 2113.04 and applicable laws or to the employee’s estate with the “date of passing” serving as the “date of retirement” for the purposes of this severance payment.

Payment of severance shall eliminate all obligations of the Governing Board from any further payment or restoration of sick leave unused.

For purposes of this policy, “retirement” means service retirement under the State Teachers Retirement System of Ohio and/or the School Employees Retirement System of Ohio.