- Accrued Sick Leave Separation Plan. Employees who separate from positions in the qualified service and who meet the requirements set forth in this article shall be paid in the manner and amount set forth herein.
(a) Payment for accrued but unused sick leave shall be made only to separated former employees who:
i. have separated from service; and
ii. as of the date of separation had accrued sick leave credit of no less than sixty (60) days; and iii. as of the date of separation had:
1. no less than twenty (20) years of qualified service as computed for separation purposes, or
2. who have reached sixty years of age, or
3. who are required to separate early because of disability.
(b) When an employee having no less than sixty (60) days of accrued sick leave dies prior to retirement, they shall be deemed to have retired because of disability at the time of death, and payment for their accrued sick leave shall be paid to the designated beneficiary as provided in this Section.
(c) The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, provided however, in the case of involuntary termination, this deposit shall occur only after final disposition is reached or all timelines to contest the discharge have expired, whichever is later.
(d) Effective February 1, 2004 and thereafter, 100% of the amount payable under this Section shall be deposited into the Health Care Savings Account (MSRS). This deposit shall occur within thirty (30) days of the date of retirement.
(e) If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the payment shall be made to the beneficiary entitled to the proceeds of their Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.
- Accrued Sick Leave Separation Plan. Employees who separate from positions in the qualified service and who meet the requirements set forth in this article shall be paid in the manner and amount set forth herein.
A. Payment for accrued but unused sick leave shall be made only to separated former employees who: ii. as of the date of separation had accrued sick leave credit of no less than sixty (60) days; and
1. no less than twenty (20) years of qualified service as computed for pension eligibility purposes, or
2. who have reached sixty years of age, or
3. who are required to separate early because of either disability or having reached mandatory retirement age.
B. When an employee having no less than sixty (60) days of accrued sick leave dies prior to separation, the employee shall be deemed to have separated because of disability at the time of death, and payment for their accrued sick leave shall be paid to the designated beneficiary as provided in this Section.
C. The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of sixty (60) days.
D. The amount payable under this Section shall be deposited into the Health Care Savings Account (MSRS) within thirty (30) days of the date of separation, provided however, that in the case of involuntary termination, this deposit shall occur only after final disposition is reached or all timelines to contest the discharge have expired, whichever is later.
E. If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the payment shall be made to the beneficiary entitled to the proceeds of his or her IBEW Local 292 group life insurance policy or to the employee's estate if no beneficiary is listed.
- Accrued Sick Leave Separation Plan. Employees who retire from positions in the qualified service and who meet the requirements set forth in this article shall be paid in the manner and amount set forth herein.
a. Payment for accrued but unused sick leave shall be made only to retired former employees who:
i. have separated from service; and
ii. as of the date of separation, had accrued sick leave credit of no less than sixty (60) days; and iii. as of the date of separation had:
1. no less than twenty (20) years of qualified service as computed for separation purposes, or
2. who have reached sixty years of age, or
3. who retire early because of disability.
b. When an employee having no less than sixty (60) days of accrued sick leave dies prior to separation, he/she shall be deemed to have separation because of disability at the time of death, and payment for his/her accrued sick leave shall be paid to the designated beneficiary as provided in this Section.
c. The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of sixty (60) days.
d. The amount payable under this Section shall be paid in a lump sum following separation from employment but not more than sixty (60) days after the date of the employee's separation.
e. One-hundred percent (100%) of the amount payable under this Section shall be deposited into the Health Care Savings Plan (MSRS). This deposit shall occur within thirty (30) days of the date of separation, provided, however, that in the case of involuntary termination, this deposit shall occur once all timelines to contest the discharge have expired.
f. If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the payment shall be made to the beneficiary entitled to the proceeds of his or her Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.
- Accrued Sick Leave Separation Plan. Employees who separate from positions in the qualified service and who meet the requirements set forth in this article shall be paid in the manner and amount set forth herein.
(a) Payment for accrued but unused sick leave shall be made only to separated former employees who:
i. have separated from service; and
ii. as of the date of separation had accrued sick leave credit of no less than sixty (60) days; and iii. as of the date of separation had:
- Accrued Sick Leave Separation Plan. Employees who separate from positions in the qualified service and who meet the requirements set forth in this Article shall be paid in the manner and amount set forth herein.
a) Payment for accrued but unused sick leave shall be made only to separated former employees who:
i. have separated from service; and
ii. as of the date of separation had accrued sick leave credit of no less than sixty (60) days; and
iii. as of the date of separation:
1. had no less than twenty (20) years of qualified service as computed for separation purposes, or 2. had reached sixty years of age, or
- Accrued Sick Leave Separation Plan. Employees who separate from positions in the qualified service and who meet the requirements set forth in this article shall be paid in the manner and amount set forth herein.
A. Payment for accrued but unused sick leave shall be made only to separated former employees who: ii. as of the date of separation had accrued sick leave credit of no less than sixty (60) days; and
1. no less than twenty (20) years of qualified service as computed for pension eligibility purposes, or
2. who have reached sixty years of age, or
3. who are required to separate early because of either disability or having reached mandatory retirement age.
B. When an employee having no less than sixty (60) days of accrued sick leave dies prior to
C. The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of sixty (60) days.
D. The amount payable under this Section shall be deposited into the Health Care Savings Account (MSRS).
E. If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the payment shall be made to the beneficiary entitled to the proceeds of his or her IBEW Local 292 group life insurance policy or to the employee's estate if no beneficiary is listed.
