The 2012-2013 master teachers contract approved by the Sunman-Dearborn Community Schools Corporation Board at its November meeting call for buying out teachers' accumulated sick days over 90 each year.

“Anytime a school district has accumulated days, that's a liability … not funded,” said S-D Director of Finances Charles Blake. The board then approved a resolution to use up to $160,400 from the Rainy Day Fund to purchase those sick days.

The fund currently contains $1,780,000, before the buy-out, said Blake.