Accumulated Unused Sick Leave. A. Accumulated, unused sick leave may be applied towards service time for retirement up to the maximum allowed by law.
Accumulated Unused Sick Leave. The District will pay the teacher, upon retirement, an amount equal to $20 for each day the teacher has accumulated in excess of the number of days reported to TRS, if the teacher should choose this monetory option. The maximum payout shall not exceed payment for 72 days and shall be paid after the effective date of employee’s retirement and will not be considered creditable earnings to TRS.
Accumulated Unused Sick Leave. 1. Employees who retire and begin receiving retirement benefits in accordance with the requirements of the Employees’ Pension and Annuity Fund or the Public Employee Retirement System shall be compensated for unused accumulated sick leave on the following basis: One (1) day for every two (2) days of unused accumulated sick leave shall be compensated at $90.00 per day to a maximum of one hundred (100) compensated days, two hundred (200) accumulated days. Employees will make every effort to provide notice of retirement to the Board not later than February 1st of the year of anticipated retirement.
Accumulated Unused Sick Leave. Upon retirement with the District, the Board shall pay each full-time, non probationary ten (10), eleven (11), or twelve (12) month employee $25 for each accumulated unused day of sick leave or may request to have the unused days of sick leave submitted to IMRF. If a retiring employee chooses to use unused sick days for IMRF service credit, the employee will receive no compensation for those days. Employees leaving for reasons other than retirement, i.e., on their own accord, will not receive compensation for accumulated unused sick leave and may request to have the unused sick leave submitted to IMRF.
Accumulated Unused Sick Leave. An accounting of accumulated unused sick leave shall be available via the district’s internal, electronic communication system.
Accumulated Unused Sick Leave. Upon retirement or other voluntary separation from the School District’s employment, an employee who has completed fifteen (15) years of service to the Pelham School District, shall receive reimbursement for accumulated unused sick leave at the employee’s per diem rate of pay, up to the following maximums: Completed Years of Service In the Pelham School District Maximum Reimbursement 15 - 17 years $2,000.00 18 - 25 years $2,500.00 26 or more years $3,000.00
