OSP can refer to two different things depending on the context:
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Online School Payments: OSP is a portal provided by some schools and school districts that allows parents and community members to pay for school fees online using a credit or debit card.
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Occupational Sick Pay: OSP is a type of sick pay that an employee is entitled to receive under the terms and conditions of their employment contract during a period of sick leave. OSP is a contractual right that an employer can offer in addition to the statutory minimum sick pay, and it is usually inclusive of SSP (Statutory Sick Pay), which is the minimum statutory entitlement for an employee during sick leave. The rules for OSP differ from those for SSP because OSP is a contractual payment that an employer chooses to pay their employees, while SSP is a statutory payment that must be paid as long as the employee meets the eligibility criteria. The amount of OSP an employee receives is calculated in accordance with the terms of the company sick pay scheme, which has been incorporated into the employees contract of employment. OSP is taxable income and is subject to the same tax rules as other forms of earned income.
In summary, OSP can refer to either an online payment portal for school fees or a type of sick pay that an employee is entitled to receive under their employment contract.
