UPON SEPARATION FROM THE DISTRICT. An administrator who was employed prior to May 21, 2010, has attained tenure as an administrator, and is not retiring in accordance with either the Teacher’s Pension and Annuity Fund or the Public Employee’s Retirement System, shall receive payment at a per diem rate of $40 for a maximum of twenty (20) days or $800, payable in the final paycheck from the district. Administrators commencing employment on or after May 21, 2010 who are not retiring in accordance with either the Teacher’s Pension and Annuity Fund or the Public Employee’s Retirement System shall not be entitled to payment for accumulated sick leave upon separation from the district in accordance with N.J.S.A. 18A:30-3.6.
UPON SEPARATION FROM THE DISTRICT. An administrator who has attained tenure as an administrator, and is not retiring in accordance with either the Teacher’s Pension and Annuity Fund or the Public Employee’s Retirement system, shall receive payment at a per diem rate of $40 for a maximum of twenty (20) days or $800, payable in the final paycheck from the district.
