§ 36-12-7-12 — Severance pay

(a) A library board may provide severance
pay to a library employee who is involuntarily separated from
employment with the library.
(b) A library board may provide severance pay to a library employee
who is voluntarily separated from employment with the library if the
library board makes the following findings in a public meeting:
(1) The library is subject to financial difficulties and revenue
shortfall.
(2) The library:
(A) will not hire an individual to perform the duties of the
employee separating from employment at the same or
comparable compensation and benefits for at least one (1) year
after the date the employee separates from employment with the
library;
(B) will hire a permanent or temporary employee for less
compensation and benefits to perform the duties of the
employee separating from employment; or
(C) will satisfy both the conditions in clauses (A) and (B).
(3) The library will pay the separating employee a stated amount
of severance pay.
(4) The library will reduce its expenditures by:
(A) paying the severance pay stated under subdivision (3) to the
employee separating from employment; and
(B) fulfilling one (1) or more of the conditions set forth in
subdivision (2).

Legislative History

As added by P.L.63-2011, SEC.3.