Accumulated Sick Leave Cashout Sample Clauses

Accumulated Sick Leave Cashout. 36 As now or hereinafter amended by statute, employees may qualify for compensation for accrued 37 but unused sick leave on an annual basis and/or at retirement. Under current annual cash-out 38 provisions, employees will be asked to indicate by mid-January whether they wish to petition for 39 compensation for accrued but unused sick leave days from the previous year. Days are cashed 40 out on a one-to-four basis of accumulation to a maximum of twelve (12) days for a full-time 41 employee and compensated in February. Direct questions to payroll office. 43 Upon retirement, current statutory provisions allow for compensation for accrued but unused sick 44 leave on a one day per four basis to a maximum of one hundred eighty (180) days accumulation.
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Accumulated Sick Leave Cashout. 26 27 As now or hereinafter amended by statute, employees may qualify for 28 compensation for accrued but unused sick leave on an annual basis 29 and/or at retirement. Under current annual cash-out provisions, 30 employees will be asked to indicate by mid-January whether they wish to 31 petition for compensation for accrued but unused sick leave days from 32 the previous year. Days are cashed out on a one-to-four basis of 33 accumulation to a maximum of twelve (12) days for a full-time employee 34 and compensated in February. Direct questions to payroll office. 36 Upon retirement, current statutory provisions allow for compensation 37 for accrued but unused sick leave on a one day per four basis to a 38 maximum of one hundred eighty (180) days accumulation. For the life of 39 this negotiated Agreement, the post retirement medical benefit VEBA III 40 program is in place for retirees. Under this program, the compensation 1 for accrued sick leave is set aside on a pre-tax basis into an account 2 allowing the retiree to pay for medical premiums/expenses.

Related to Accumulated Sick Leave Cashout

  • Accumulated Sick Leave ‌ The Employer shall inform all employees at least once each year of the number of sick days accumulated and shall make the information available to an employee on request.

  • Sick Leave Cash Out Eligible employees may elect to receive monetary compensation for accrued sick leave as follows: In January of each year an employee whose sick leave balance at the end of the previous year exceeds four hundred eighty (480) hours may elect to convert the sick leave hours earned in the previous calendar year, minus those hours used during the year, to monetary compensation. No sick leave hours may be converted which would reduce the calendar year end balance below four hundred eighty (480) hours. Monetary compensation shall be paid at the rate of twenty-five percent and shall be based on the employee’s current salary. All converted hours will be deducted from the sick leave balance. Employees who separate from University service due to retirement or death shall be compensated for the unused sick leave accumulation from the date of most recent hire in a leave eligible position with the State of Washington at the rate of 25%. Compensation shall be based upon the employee’s wage at the time of separation. For the purpose of this section, retirement shall not include vested out of service employees who leave funds on deposit with the retirement system. Former eligible employees who are re-employed within three (3) years of their separation from service shall be granted all unused sick leave credits, if any, to which they are entitled at time of separation.

  • Sick Leave Payout No cash payment for unused sick leave will be paid to any employee leaving the service of the Employer.

  • Sick Leave Accumulation (a) An employee is eligible to accumulate sick leave with full pay at the rate of 16 working hours for each 173 1/3 hours of service. (b) The maximum number of days of sick leave which may be awarded to an employee during any consecutive twenty (20) year period of service shall not exceed 3840 hours.

  • Paid Sick Leave For those jurisdictions that have passed or will pass legislation requiring Paid Sick Leave, Paid Sick Time will be billed back to Client at the straight-time bill rate for all hours taken by any Consultant assigned to Client. This section is not applicable until the effective date of such legislation has been reached.

  • Sick Leave Allowance Faculty with a full-time assignment shall accrue sick leave at the rate of eight

  • Sick Leave Pay A Nurse granted sick leave shall be paid for the period of such leave at her or his regular hourly rate of pay and the number of hours thus paid shall be deducted from the accumulated sick leave credits of the Nurse.

  • Sick Leave Accrual All eligible employees shall accrue sick leave at the rate of four (4) hours per pay period of continuous employment beginning with their date of eligibility. Eligible employees being paid for less than a full eighty (80) hour pay period shall have sick leave accruals pro-rated in accord with the schedule set forth in Appendix D.

  • Sick Leave Entitlement A permanent full-time employee shall earn paid sick leave at the rate of one and one-half (1½) days per month. Sick leave shall accumulate to a total of eighty-five (85) working days. Permanent part-time employees shall be entitled to sick leave on a pro-rata basis.

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

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