COMPENSATION AT RETIREMENT OR DEATH. 1. If an employee with unused sick leave credit:
a. Dies, while employed by the City.
b. Resigns when eligible for retirement under the City’s retirement system.
COMPENSATION AT RETIREMENT OR DEATH. Upon retirement, pursuant to Chapter 66 of the Connecticut General Statutes, as amended, a Faculty Member shall be compensated at the rate of one-fourth (25%) of his/her daily salary for each day of sick leave accrued to his/her credit as of his/her last day on the active payroll, up to a maximum of an equivalent of sixty (60) days’ pay. Upon the death of an employee who has completed ten (10) years of State service, the Employer shall pay to the Employee’s estate one-fourth (25%) of the deceased Employee’s daily salary for each day of sick leave accrued to his/her credit as of his/her last day on the active payroll, up to a maximum of an equivalent of sixty (60) days’ pay. Compensation for twelve (12) month employees equals the product of: (a) the Employee’s annual salary divided by two hundred sixty one (261); and (b) the number of sick days accrued by the Employee, up to a maximum of 240 sick days; and (c) one-fourth (25%). Compensation for ten (10) month employees equals the product of: (a) the Employee’s annual salary divided by two hundred seventeen (217); and (b) the number of sick days accrued by the Employee, up to a maximum of 240; and (c) one-fourth (25%). All of the foregoing is agreed to with the understanding that, in the event of any inconsistencies between the language of this Section and previously negotiated coalition agreements (SEBAC), the latter shall prevail and, further, that future negotiations regarding this subject may be preempted by coalition bargaining.
COMPENSATION AT RETIREMENT OR DEATH. 1. At the time of separation from state service due to retirement or death, an eligible employee or the employee's estate shall receive remuneration computed by multiplying .25 by the employee's current daily rate of pay. This rate is then applied to the total eligible sick leave days to arrive at the amount due to the employee.
2. Moneys received under this section shall not be included for the purpose of computing a retirement allowance under any eligible retirement system; compensation shall be based upon the employee's salary at the time of separation. For purpose of this agreement, retirement shall not include “vested-out-of-service" employees who leave funds on deposit with the retirement system or employees who withdraw deposited retirement funds.
3. Accordingly, for an employee to qualify for compensation for sick leave, the employee must retire from state service and receive retirement benefit payments from an eligible retirement plan, and for the purposes of this agreement only, retirement due to age shall not be considered to have occurred prior to the attainment of age fifty-five, or 30 years of service credit (at whatever age that may occur).
4. An employee who separates from the district for any reason other than retirement or death shall not be paid for accrued sick leave.
5. No contributions are to be made to the retirement system for such payments.
COMPENSATION AT RETIREMENT OR DEATH. 1. If an employee with unused sick leave credit A. dies;
COMPENSATION AT RETIREMENT OR DEATH.
1. If an employee with unused sick leave credit:
a. Dies, while employed by the City.
b. Resigns when eligible for retirement under the City’s retirement system.
c. Resigns to enter a City elective office without a break in continuity of City service and serves in such office or other City employment until retired under the City's retirement system.
d. Is laid off because of the abolition of his/her position or employment or because of the absence of funds. He or she or his or her estate shall be entitled to receive one-half (½) the value of his or her accrued sick leave. The value of the sick leave will be determined by multiplying the employee’s last regular rate of pay by half the number of accrued hours of sick leave at the time of their separation. Payment shall be made as soon as practicable following the occurrence of any of the foregoing events.
