§ 21-5-223 - Severance pay. - Arkansas Statutes

21-5-223. Severance pay.

(a) If the agency or institution director determines that it is necessary to implement the state workforce reduction policy due to agency or institution organization structure change, budgetary reductions, abolishment of positions or duties, loss of functional responsibility by the agency, or the loss of federal funding, grants, or other special funds, the agency or institution director, upon approval by the Chief Fiscal Officer of the State, may authorize the payment of funds on a regular payroll schedule as severance pay to full-time, part-time, and job sharing classified and nonclassified employees in regular positions affected by the workforce reduction on the basis of the following pro rata lump sum for completed years of service, including any formally implemented probationary period: Click here to view image.

(b) These payments shall be in addition to the lump-sum payments allowed under the Uniform Attendance and Leave Policy Act, 21-4-201 et seq.

(c) The severance payments shall not be construed as exceeding the maximum salary.

(d) The agency or institution director shall file a notice of the anticipated implementation of the workforce reduction policy and of the lump-sum severance payments to be made under the state workforce reduction policy with the Personnel Committee of the Legislative Council.