Common use of Accrued Sick Leave Credit for Retiring Employee Clause in Contracts

Accrued Sick Leave Credit for Retiring Employee. All employees covered by this Agreement who actually retire from County service and apply (within 60 days of last day paid) for a retirement annuity from the Wisconsin Retirement Fund, which annuity must exceed ten dollars ($10.00) per month, shall have their sick leave credit balance, not to exceed one thousand seven hundred forty (1,740) hours, converted to a monetary value (hours of credit at retirement times normal hourly rate of pay or the conversion rate (as defined in 13.01 d) received immediately prior to retirement), upon reaching age 65 which total shall be available to pay such Medicare plus costs as may be charged such employee and their dependents by the company or companies carrying Dane County's Group Hospital and Surgical Insurance.

Accrued Sick Leave Credit for Retiring Employee. All employees covered by this Agreement who actually retire from County service and apply (within 60 days of last day paid) for a retirement annuity from the Wisconsin Retirement Fund, which annuity must exceed ten dollars ($10.00) per month, shall have their sick leave credit balance, not to exceed one thousand seven hundred forty (1,7401,700) hours, converted to a monetary value (hours of credit at retirement times normal hourly rate of pay or the conversion rate (as defined in 13.01 d) received immediately prior to retirement), upon reaching age 65 which total shall be available to pay such Medicare plus costs as may be charged such employee and their dependents by the company or companies carrying Dane County's Group Hospital and Surgical Insurance.

Accrued Sick Leave Credit for Retiring Employee. All employees covered by this Agreement who actually retire from County service and apply (within 60 days of last day paid) for a retirement annuity from the Wisconsin Retirement Fund, which annuity must exceed ten dollars ($10.00) per month, shall have their sick leave credit balance, not to exceed one thousand seven nine hundred forty (1,7401,900) hours, converted to a monetary value (hours of credit at retirement times normal hourly rate of pay or the conversion rate (as defined in 13.01 d) received immediately prior to retirement), upon reaching age 65 which total shall be available to pay such Medicare plus costs as may be charged such employee and their dependents by the company or companies carrying Dane County's Group Hospital and Surgical Insurance.