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.
Appears in 5 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
