SEVERANCE | Policy Manual | Ohio Valley ESC

3415 - SEVERANCE

Teaching Employees

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 Teaching Employees with a minimum of five (5) years of continuous, unbroken, uninterrupted, service with the Governing Board upon retirement. Specifically, Teaching Employees shall, upon separation from service with the Governing Board due to retirement after a minimum of five (5) years of continuous, unbroken, uninterrupted service with the Governing Board, be paid one-fourth (.25) of the value of the employee’s accrued but unused sick leave up to a maximum of forty-five (45) days.

All other Teaching Employees shall be entitled to severance pay in accordance with R.C. 124.39 as applicable.

Payment of severance pay shall be based upon the Teaching Employee’s current calculated daily rate of base pay at the time of retirement multiplied by the applicable accrued but unused sick leave exclusive of supplemental pay.

Pursuant to R.C. 124.39(C), if the Teaching Employee dies during employment with the Governing Board, the Teaching Employee’s unused sick leave shall be paid in accordance with R.C. 2113.04 and applicable laws or to the Teaching Employee’s estate.

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.