ACCRUED UNUSED SICK LEAVE UPON RETIREMENT Sample Clauses

ACCRUED UNUSED SICK LEAVE UPON RETIREMENT. Certified personnel, upon making application with the State Retirement System, with twenty (20) or more consecutive years of service within the Tahlequah District, shall be given a bonus for accrued unused sick leave days at a rate of $25.00 per day. The daily rate will be reduced 10% for each year until reaching the ten (10) to fifteen (15) years of service level and the seven (7) to nine (9) years of service level. In no case shall the number of unused sick days be greater than 120 days. The district shall not purchase unused sick leave days which have been accrued in another district and transferred to the Tahlequah District. No payment for unused sick leave days will be made except at the retirement date of the employee, beginning with the 1983-84 school year. (Example) The following schedule is based upon an individual who has acquired 120 unused sick leave days and who is retiring with the various years of consecutive service within the Tahlequah I-35 School District. Years of Service Maximum Sick Leave Days Rate Per Day Percent of $25. Rate Max. Total Unused Days 20+ 120 $25.00 100% $3,000.00 19 120 22.50 90% 2,700.01 18 120 20.00 80% 2,400.00 17 120 17.50 70% 2,100.00 16 120 15.00 60% 1,800.00 10-15 120 12.50 50% 1,500.00 07-09 120 10.00 40% 1,200.00 C. RETIREMENT CONTRIBUTION Retirement benefits of seven per cent (7%) up to thirty thousand dollars ($30,000.00) of gross salary paid to Teacher Retirement System. Teachers with fifteen (15) or more years of service shall receive retirement benefits of 7% of total compensation paid to the Teacher Retirement System. (July 2012)
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ACCRUED UNUSED SICK LEAVE UPON RETIREMENT. Certified personnel, upon making application with the State Retirement System, with twenty (20) or more consecutive years of service within the Tahlequah District, shall be given a bonus for accrued unused sick leave days at a rate of $25.00 per day. The daily rate will be reduced 10% for each year until reaching the ten (10) to fifteen (15) years of service level and the seven (7) to nine (9) years of service level. In no case shall the number of unused sick days be greater than 120 days. The district shall not purchase unused sick leave days which have been accrued in another district and transferred to the Tahlequah District. No payment for unused sick leave days will be made except at the retirement date of the employee, beginning with the 1983-84 school year.
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Related to ACCRUED UNUSED SICK LEAVE UPON RETIREMENT

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • Accrued Sick Leave The Board shall provide all employees with a cumulative record 23 of accrued sick leave hours on each pay statement.

  • Accrued 100% sick leave The use of sick leave under this subsection is at the employee's discretion.

  • Compensation for Unused Sick Leave 1. Employees who enter County service after July 1, 1979, shall not be eligible for compensation for any of their unused sick leave credits.

  • Pay for Unused Sick Leave Unused sick leave not to exceed 70 days will be paid at the rate of $50 per day when the teacher retires or leaves U.S.D. 506 employment, provided the teacher has a minimum of 10 years of service in U.S.D. 506. Article VI: Activity Ticket Each teacher of U.S.D. 506 shall be issued an activity ticket, which shall be honored at all regular school functions held within the district. Said ticket shall not be honored at basketball tournaments and special events. Said ticket shall be honored for employee, spouse, and children who have not yet graduated from high school. The Board of Education will have an expectation that those teachers in attendance at school functions will assume a reasonable amount of general supervision as needed.

  • Vacation Pay on Retirement Termination is as follows:

  • Vacation Pay Upon Termination When an employee in the bargaining unit is terminated for any reason, he/she shall be entitled to all vacation pay earned and accumulated up to and including the effective date of the termination.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Sick Leave Payment Any employee, at his/her option may choose to receive payment for sick leave earned during the year which is unused at the end of the year. Any such payment must be for the total number of unused sick leave hours earned during the year, must be based on the hourly rate of pay of the employee multiplied by 50 percent, and all hours for which payment is received must be deducted from the employee’s accumulated leave balance. Sick leave used during a current year will be charged against the most recently earned sick leave. Hourly rate of pay is the hourly rate at the end of the contract year.

  • Deduction from Sick Leave A deduction shall be made from accumulated sick leave of all normal working days absent for sick leave.

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