Buy Back of Sick Leave. Permanent teachers in the Xxxxxx-Xxxxx School District who leave at the end of the semester due to reduction in force and who are not entitled to retirement severance pay in Section A above are entitled to receive pay of thirty-five Dollars ($35.00) for each day of unused accumulated sick leave plus if the teacher complies with the following eligibility requirements:
Buy Back of Sick Leave. Any employee who has been vested in the state Pension Plan, upon termination will be entitled to buy back 100% of the employee’s accumulated sick days, maximum bank of 75 days, at the employee’s regular rate of pay. The only exception is if the employee has been dismissed due to any type of disciplinary action. Annually, all employees who have accumulated and maintain 50 sick days shall be entitled to buy back annually those days not used in the calendar year at the following rates: 2007 60% 2008 70% 2009 80% 2010 100% Employees have the option to buy all sick days in that calendar year, bank them, or any combination of both. Because of budget restrictions and planning, the Borough will issue buy back checks after the adoption of the following year’s budget. The rate shall be for the year in which the days were credited for.
Buy Back of Sick Leave. Any employee who has been vested in the state Pension Plan, upon termination will be entitled to buy back 50% of the employee’s accumulated sick days, maximum bank of 55 days, at the employees regular rate of pay. The only exception is if the employee has been dismissed due to any type of disciplinary action. All employees who have accumulated and maintain 50 sick days shall be entitled to buy back annually those days not used in the calendar year at a rate of 50%. Employees have the option to buy all sick days in that calendar year, bank them, or any combination of both.
