The opposition also keeps bringing up specific cases of expensive contract buyouts. First of all, since 2011, it is limited to 20 weeks in Florida. Also, contract terms can be set up at beginning to avoid this stuff. Desperate scare tactics.
I also love that they think it is so great that Florida has more elected superintendents than hired. Yeah, we should be really proud of that fact.
Severance Pay
Starting on July 1, 2011, a public employer that enters into a contract or employment agreement (or renews or renegotiates an existing contract/employment agreement containing a provision for severance pay) with an officer, agent, employee or contractor can only include a provision for severance pay (defined as actual or constructive compensation, including salary, benefits or perquisites, for employment services yet to be rendered which is provided to an employee who has recently been or is about to be terminated) in that contract if the contract contains the following:
· A requirement that severance pay provided may not exceed an amount greater than 20 weeks of compensation.