A California Leave of Absence Salary Continuation Bond is a type of surety bond used in specific situations to comply with California education code Section 44969. The bond amount is based on the actual salary and “fixed expenses” incurred as a result of the Leave of absence / sabbatical. The cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.
How to Get a California Leave of Absence Salary Continuation Bond
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application.
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the California Leave of Absence Salary Continuation Bond will be shipped to the bond applicant.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.
About Surety1.com
Contact Surety1
More information about the bond
California Education Code section 44969 deals with leave of absences for certified employees (teachers, counselors, etc.) and the possibility of receiving salary continuation during the leave. Let’s break it down:
Leave with Pay and Service Agreement:
- This section applies when a leave of absence is granted under Section 44966 (which allows for leaves for illness, pregnancy, etc.).
- To be eligible for continued pay while on leave, the employee must agree to return and work for the district for twice the length of the leave upon returning.
Bond Requirement for Continued Pay:
- To receive salary during the leave, the employee may be required to provide a California Leave of Absence Salary Continuation Bond.
- This is a financial guarantee that reimburses the district if the employee doesn’t fulfill the agreed-upon service time after returning.
- If the surety company pays a claim on the bond, it will seek restitution from the bond principal (teacher taking leave).
In Summary:
Section 44969 outlines the conditions for certified employees in California to receive salary continuation during a leave of absence. It requires a written agreement to return and work double the leave time and a California Leave of Absence Salary Continuation Bond to ensure fulfillment of that agreement.
How to Get Your California Leave of Absence Salary Continuation Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.