4:9
5:1
Severance Pay
A.
Upon the retirement or death of a bargaining unit member in the employ of the District who has at
least ten years seniority in the District, the BOARD shall pay to that employee, or the employee’s
estate in the case of death 1/184 of the step (of the column) on which the teacher is paid for each
day of the employee’s accumulated sick leave then remaining to a maximum of 100 days. Effective
with employees retiring after July 1, 2015, severance payments will be further limited to no more
than forty-percent (40%) of the employee’s latest annual base salary.
Effective for the 2021-2022 school year, the following additional provisions will take effect:
1. Effective 2021-2022, for employees hired for the 2020-2021 school year or earlier:
Seniority Severance
10 years — 19 years 30% of latest annual base salary
20 years or more 40% of latest annual base salary
2. Effective 2021-2022, for employees newly hired for the 2021-2022 school year:
Seniority Severance
10 years or more 20% of latest annual base salary
To be eligible for the severance benefit, the employee must deliver to the office not later than
February 1 a binding letter of retirement for the end of that contract year. The Superintendent,
under extenuating circumstances, may accept a letter of retirement after February 1 without loss of
severance benefits.
For the purpose of the preceding paragraphs, retirement shall be defined as and limited to only
those employees who are actually receiving retirement benefits under the provisions of the New
Hampshire State Retirement System.
Upon either the resignation of a bargaining unit member, or the retirement of a bargaining unit
member who has not met the requirements for receiving severance pay as required in article 4:9
(A), and who is employed with at least ten years seniority in the District, the BOARD shall pay to
that teacher the prevailing per diem substitute teacher rate of pay or $50 whichever is more for
each day of the employee’s accumulated sick leave then remaining to a maximum of 121 days.
To be eligible for the severance benefit, the employee must deliver to the office not later than
April 15, a binding letter of resignation for the end of that contract year. The Superintendent, under
extenuating circumstances, may accept a letter of resignation after April 15 without loss of
severance benefits.
Upon the layoff of a bargaining unit member in the employ of the District at the time of layoff, the
BOARD shall pay to that employee the prevailing per diem substitute teacher rate of pay or $50
whichever is more for each day of the employee’s accumulated sick leave then remaining to a
maximum of 121 days. Any employee who receives severance pay upon leaving the employ of the
District as a result of being laid-off, shall, in the event of rehire, have the option of repaying to the
District all severance leave on the date of rehire.
Severance pay for Title | and part-time teachers and part-time school nurses shall be prorated
based upon the average number of hours per week they worked in the previous three years
divided by the number of work hours for a full-time teacher on their grade level (i.e., elementary or
secondary).
ARTICLE V
Supplemental Benefits
Worker's Compensation and Pension
Teachers shall be covered by the provisions of the New Hampshire Workers' Compensation Act and the
New Hampshire Retirement System.
