Texas HB4317 limits severance pay for executive employees of political subdivisions.

Texas HB4317 amends the Local Government Code to limit severance pay for executive employees of political subdivisions. The bill defines "misconduct" and "severance pay," and specifies that executive employees include chief executive officers, agency or department heads, and superintendents of school districts or open-enrollment charter schools. Severance pay agreements must limit pay to the equivalent of 20 weeks of compensation, excluding paid time off or vacation leave, and prohibit severance pay for terminations due to misconduct.

Texas HB4317 limits severance pay for executive employees of political subdivisions.

Texas HB4317 amends the Local Government Code to limit severance pay for executive employees of political subdivisions. The bill defines "misconduct" and "severance pay," and specifies that executive employees include chief executive officers, agency or department heads, and superintendents of school districts or open-enrollment charter schools. Severance pay agreements must limit pay to the equivalent of 20 weeks of compensation, excluding paid time off or vacation leave, and prohibit severance pay for terminations due to misconduct.