5:7
6:1
6:2
6:3
6:4
Upon the resignation or layoff of a full or part-time administrator(s) who has at least ten (10)
years seniority in the District, the District shall pay to that employee a per diem rate based on
35% of the employee’s current daily per diem salary per day of accumulated sick leave, up to a
maximum of one hundred (100) days.
Administrators in the continuous employ of the District prior to July 1, 2011 shall be
grandfathered in at a maximum accrual of 185 sick days for the purpose of severance
calculations, 60% of their per diem salary for retirement or death, and 35% for resignation.
If resignation, retirement, or death occurs in the middle of.a fiscal year, the District shall pro-
rate credit for sick and vacation leave (monthly accrual) based:on separation date. For example,
if you retire July 30°, you would receive 1/12 of your sick time that is loaded July 1™.
Total severance payments made to an administrator. over the course of his or her career(s) with
the Nashua School District shall not exceed the maximum payment for which the administrator
is eligible under Section 5:6 (above).
Calculation of Per Diem Rates
For purposes of determining.the value of payroll) adjustments, accrued vacation leave and
severance, the following days will be used in the calculation of per diem rates:
e Principals: 260 days
e Elementary Assistant Principals: 199 days
® Secondary Assistant Principals: 245 days.for any vacation and sick time accrued through
June 30, 2016, and 214 days for any sick time accrued on or after July 1, 2016.
ARTICLE VI
Supplemental Benefits
Workers Compensation
Administrators shall be subject to the provisions of the New Hampshire Workers’ Compensation
Law.
New Hampshire Retirement System
Administrators shall be subject to the provisions of the New Hampshire Retirement System.
Tax-sheltered Annuity
The Board of Education agrees to continue to allow administrators to take advantage of the
federal law concerning tax-sheltered annuities at their expense.
Health Insurance
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