ACCUMULATED SICK LEAVE BENEFIT. At the end of each school year, teachers with more than 70 days accumulated sick leave shall be paid $50.00 per each such day. Partial days will be calculated to the nearest half day. Pay for such half- days shall be $25.00. Payment for such days shall be made in June following the end of the school year.
ACCUMULATED SICK LEAVE BENEFIT. At the end of each school year, teachers with more than 70 days accumulated temporary leave shall be paid $25.00 per each such day. Partial days will be calculated to the nearest half day. Pay for such half-days shall be $12.50. Payment for such days shall be made in June following the end of the school year. Wellness incentive will include the option for Certified Staff to trade accumulated sick days over 70, for a personal day. The criteria for such trade are: If a teacher has an accumulation of over 74 days at the end of a year, they may elect to take an additional personal day in lieu of payment (4 days’ equals one personal day). One additional personal day per year is the maximum allowed for this trade. All requests for the wellness incentive must be made by June 1st of the current year.
ACCUMULATED SICK LEAVE BENEFIT. Should a driver terminate his/her employ- ment after five (5) years or more from his/her last date of hire as a regular driver, he/she will be eligible to draw pay for thirty (30) percent of unused sick days at regular rate of pay. After ten (10) years or more, he/she will be eligible to draw pay for forty (40) percent unused sick days at regular rate of pay. After fifteen (15) years or more, he/she will be eligible to draw pay for fifty (50) percent unused sick days at regular rate of pay. "Regular Rate of Pay" pertains to hourly wage and ntnnber of hours per day I at the time of termination.
ACCUMULATED SICK LEAVE BENEFIT. When a unit member is eligible to retire under the New York State Retirement Plan and has ten (10) or more years as a Contract Driver with the District, the following benefit will be made available, once an irrevocable letter of resignation for retirement is received. Written notification of intention to retire must be provided to the District no later than January 31 of the school year preceding the year of retirement. If written notification is received after January 31, the District has the right to postpone payment of the sick leave benefit until the subsequent school year. For every accumulated sick day the Contract Driver will be granted one (1) days’ pay (the value of a day’s pay will be determined by dividing the final year salary by 182 This value of accumulated sick leave benefit shall be made solely in the form of an employer non-elective contribution to a qualified IRC 403(b) program designated by the unit member, subject to the contribution limits as outlined in the Internal Revenue Code, section T15(C)~No cash or any otheTform of paymenfshall be availablelcTthe unit member. IrTthe event that the employee participates in the sick leave benefit but such contribution exceeds acceptable contribution limits, the employer agrees to pay any excess over the limits as a contribution in the subsequent calendar year. This article shall be subject to IRS regulations and rulings. Should any portion be declared contrary to law, then such portions shall not be deemed valid and subsisting, but all other portions shall continue in full force and effect. As to those portions declared contrary to law, the District and the Association shall meet promptly and alter those portions in order to provide the same or similar benefit which conform, as closest as possible, to the original intent of the parties.
ACCUMULATED SICK LEAVE BENEFIT. At the end of each school year, teachers with more than 70 days accumulated sick leave shall be paid $50.00 per each such day. Partial days will be calculated to the nearest half day. Pay for such half- days shall be $25.00. Payment for such days shall be made in June following the end of the school year. Employees who retire with KPERS will be paid for all accumulated sick leave at $50.00 per day on their last paycheck.
ACCUMULATED SICK LEAVE BENEFIT. The District will pay each employee, upon proof of retirement (benefits from Social Security or Maine Public Employees Retirement System), $30.00 per day for half (½) of his/her accumulated sick leave up to a maximum of thirty (30) days providing the unit member has at least fifteen (15) years of continuous employment in the District. The retirement payment provided in this Article is a benefit rewarding extended service to MSAD 11 and is not intended as an incentive to retirement. However, if, at any time, the MePERS deems the payments provided herein to be a retirement incentive, this Article shall immediately become null and void, and the parties shall negotiate concerning replacement language.
ACCUMULATED SICK LEAVE BENEFIT
