Accumulated Unused Sick Days. Eligible members of this contract who have fifteen (15) or more years in the district may deposit accumulated unused sick days into the Special Pay Plan (403B plan) at the following rates:
Accumulated Unused Sick Days. At the time of retirement, the school corporation shall contribute to a teacher’s individual Post Retirement VEBA (Voluntary Employee's Beneficiary Association) account as described in section 501(c)(9) of the Code, that amount equal to forty-five ($45.00) dollars per day for each day of unused accumulated sick leave.
Accumulated Unused Sick Days. The Board shall pay all unused, accumulated sick days earned while an employee of the Board in accordance with law. Payment of supplemental compensation for accrued, unused sick leave to the Business Administrator shall be calculated and paid as follows:
1. The Business Administrator’s sick leave accrued at a per diem rate, which shall be calculated by his salary divided by a denominator of 260, capped at $15,000. Eligibility for this payment shall be contingent upon eligibility for retirement under the rules and regulations of the State of New Jersey, Department of the Treasury, Division of Pension and Benefits. Xxxx leave shall not be payable to the Business Administrator’s estate or beneficiaries in the event of his death prior to retirement.
Accumulated Unused Sick Days. Upon the Business Administrator’s retirement from employment with the District, the Board will pay all unused, accumulated sick days earned while an employee of the Board, in accordance with law. Payments shall be calculated at the rate of 1/260th of the Business Administrator’s annual salary at the time of retirement. Pursuant to N.J.S.A. 18A:30-3.5, payment shall not exceed a total amount of Fifteen Thousand ($15,000) Dollars. This payment is not available for payment into an estate in the event of the death of the Business Administrator.
Accumulated Unused Sick Days. Upon the Superintendent’s retirement from employment with the District, the Board will pay all unused, accumulated sick days earned while an employee of the Board, in accordance with law. Payment shall be calculated at the Superintendent’s daily rate of pay, based upon a 260-day work year, following her last day of employment. Pursuant to N.J.S.A. 18A:30-3.5, payment shall not exceed $15,000.00. Upon retirement, payment by the Board to the Superintendent for her accumulated, unused sick days shall be made within thirty (30) days of her last day of employment.
Accumulated Unused Sick Days. Upon the Assistant Superintendent’s retirement from employment with the District, the Board will pay all unused, accumulated sick days earned while an employee of the Board, in accordance with law. Payments shall be calculated at the rate of 1/260th of the Assistant Superintendent’s annual salary at the time of retirement. Pursuant to N.J.S.A. 18A:30-3.5, payment shall not exceed a total amount of Fifteen Thousand ($15,000) Dollars. This payment is not available for payment into an estate in the event of the death of the Assistant Superintendent.
Accumulated Unused Sick Days. After ten (10) or more years of service and upon the Assistant School Business Administrator’s retirement or resignation from employment with the District, the Assistant School Business Administrator shall be eligible for payment from the Board in the form of reimbursement for accumulated unused sick leave days. The maximum annual reimbursement shall be Fifteen Thousand Dollars ($15,000). The maximum eligibility payment shall be determined by ascertaining the number of accumulated unused sick leave days available to the Assistant School Business Administrator on the date of retirement and multiplying that number by the amount of One Hundred Twenty Five Dollars ($125.00). In no case shall the maximum payment exceed Fifteen Thousand Dollars ($15,000).
Accumulated Unused Sick Days. Upon the Business Administrator/Board Secretary’s retirement from employment with the District, the Board will pay all unused, accumulated sick days earned while an employee of the Board, in accordance with law. Payments shall be calculated at the rate of 1/260th of the Business Administrator/Board Secretary’s annual salary at the time of retirement. Pursuant to N.J.S.A. 18A:30-3.5, payment shall not exceed a total amount of Fifteen Thousand ($15,000) Dollars. This payment is not available for payment into an estate in the event of the death of the Business Administrator/Board Secretary.
Accumulated Unused Sick Days. Upon the Business Administrator’s retirement from employment with the District after at least ten (10) years of service, the Board will pay for one half of the Business Administrator’s accumulated sick days earned while the Business Administrator was an employee of the Board. Sick days shall be reimbursed at the final per diem rate which shall be calculated at 1/260 of the Business Administrator’s then annual salary, and reimbursement for accumulated unused sick days shall not exceed Fifteen Thousand ($15,000.00) Dollars. Payment by the Board to the Business Administrator for her unused sick days shall be made within thirty (30) days of her last day of employment.
Accumulated Unused Sick Days. Members of DASA who have ten (10) or more years in the district may deposit accumulated unused sick days into the Special Pay Plan (403 B plan) at the following rates: 2005-2006 - $135 per day 2006-2007 - $140 per day 2007-2008 - $145 per day 4a. Members of the DASA who have eight (8) or nine (9) years in the district may deposit 50% of the value of their accumulated unused sick days into the Special Pay Plan (403B Plan). Effective July 1, 2005 - $67.50 Effective July 1, 2006 - $70.00 Effective July 1, 2007 - $72.50
