Cash Out Upon Retirement. Employees will be permitted to cash-out any unused sick leave at the rate of twenty-two and a half percent (22.5%) to a maximum of ten (10) days.
Cash Out Upon Retirement. All employees who are eligible for a service retirement under state guidelines for the LEOFF Retirement System shall be eligible to cash out 33% of their accrued sick leave, up to 1040 hours, at their regular hourly rate of pay in effect at the time their employment ends, up to a maximum of $15,000 in 2022. The maximum cash out amount shall be increased annually by an amount that reflects 100% of the percentage increase in the Seattle/Tacoma CPI- W (semi-annual index released in July. This section shall further include separations due to death or disability retirement of the employee.
Cash Out Upon Retirement. Employees shall be entitled to cash-out their unused leave accrual upon retirement at twenty-five (25%) percent of their total accumulated accrual.
Cash Out Upon Retirement. Upon retirement, an employee or his or her estate will receive cash at the employee’s straight-time hourly rate for all sick leave hours. Sick leave will be cashed out at a rate of one (1) hour’s pay for each four
Cash Out Upon Retirement. Upon retirement, eligible employees may opt to cash-out up to sixty percent (60%) of sick leave accumulated in Bank A in accordance with Section 7.1.
Cash Out Upon Retirement. Upon retirement, the employee may opt to cash-out remaining frozen sick leave hours in Bank B in accordance with Sections 7.4(2)(b) and (c).
