FILE: DC-R
Cf: DC
BUDGETING FOR COMPENSATED ABSENCES
The Ascension Parish School Board shall use the following formula for the calculation of compensated absences liability at June 30 of each fiscal year:
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1. |
Personnel with twenty or more years of experience - 100% of unused sick leave up to 25 days per employee.
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2. |
Personnel with ten or more years of experience and have reached the age of 60 - 100% of unused sick leave up to 25 days per employee.
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3. |
Personnel with fifteen to nineteen years of experience - 40% of aggregate total of unused sick leave up to 25 days per employee.
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4. |
Personnel with ten to fourteen years of experience - 20% of aggregate total of unused sick leave up to 25 days per employee.
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5. |
Personnel with less than ten years of experience - no liability will be accrued. It has been the experience of the School Board that minimal exposure has resulted from this group of employees. |
Ref: Board minutes, 2-2-88
Ascension Parish School Board