Annual Sick Leave Pay Out Option. A. After 600 hours have been accumulated (excluding transferred-in sick leave from another Ohio political subdivision), a member shall be eligible to “sell back” their unused annual accrual of sick leave at one-third (1/3) of their current hourly straight-time rate, retaining not less than 560 hours accumulation. B. Members who use sixteen (16) or fewer hours of sick leave in the preceding twelve (12) months shall accrue one (1) additional vacation day. C. Members who expect to retire in three (3) years or less may “sell back” accrued sick leave hours over 360 hours at one- fourth (1/4) their current straight- time hourly rate. Transferred-in sick leave shall not be eligible for this “sell- back”.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
