7.1.C: Upon retirement, teachers employed before July 1, 2013 shall be paid the equivalent of one-half (1/2) of his/her total accumulated unused sick leave. The maximum paid shall not exceed forty-five (45) days. For all teachers, such payment shall be at the rate of 1/185 of his/her annual salary. The Board shall provide employees the option of placing this severance benefit in a pre-tax account in accordance with state and federal law from which the employee may pay for health insurance benefits after retirement.
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