mal Posted July 24, 2007 Posted July 24, 2007 Districts routinely offer retiring teachers a "severance" payment based on accumulated sick leave. A teacher with no accumulated sick leave would be entitled to no severance. Both 409A and 457 contained exceptions for bona-fide sick leave payments. My understanding is that this exception means districts will not need to be concerned about the final 409A regs. Agree?
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