Terminal Pay for Sick Leave. The Board shall provide terminal pay for accumulated sick leave to any employee who has worked for the Board at least one (1) year or to the employee's beneficiary without regard to length of service if service is terminated by death. Such terminal pay shall be in the amount determined by the daily rate of pay of the employee at the time of termination and the number of years of service with the Polk County School District. Calculations shall be made as follows:
Terminal Pay for Sick Leave. 1. In order to encourage and reward employees who exercise particular care in the maintenance of their personal health and job attendance, the Board will provide terminal pay to an employee at retirement or his/her beneficiary(ies) if service is terminated by death, such terminal pay to be determined as follows:
Terminal Pay for Sick Leave. The Board shall provide a 401(a) qualified retirement plan that defers Federal income tax and permanently avoids the payment of Social Security and Medicare tax on terminal sick pay at separation of employment or death to a member of the non-instructional staff or his/her beneficiary whose terminal pay benefits exceeds $2,500.00. Upon the separation of employment or death of an employee, s/he, or his/her beneficiary, will be paid for sick leave earned through the end of the last full month worked, but not including the last partial month worked. Accrued sick leave shall be compensated at the current daily rate of pay, at the time of separation. Terminal pay may not exceed an amount determined as follows:
