Common use of Accumulated Sick Leave at Retirement (Severance Pay) Clause in Contracts

Accumulated Sick Leave at Retirement (Severance Pay). 1. A teacher employed by the Board may elect, at the time of actual retirement from teaching under the State Teachers Retirement System (STRS) Law, and with five

Accumulated Sick Leave at Retirement (Severance Pay). 1. A teacher employed by the Board may elect, at the time of actual retirement from teaching under the State Teachers Retirement System (STRS) Law, and with fivefive (5) or more years of service with the Board to be paid by check for one fourth (1/4) of the value of his/her accrued but unused sick leave credit. Such payment shall