Compensation for Accrued Sick Leave for PERS-Eligible Employees. Upon retirement, the employees covered under the Public Employees Retirement System (PERS) shall receive payment for 50% of all sick leave accrued prior to January 1, 1984, based upon the rate of pay at the time of retirement. All sick leave taken shall reduce the sick leave most recently accrued. If at any time the balance of an employee's sick leave accrued prior to January 1, 1984 is reduced, it may not be replenished for the purposes of sick leave payout. Upon the death of an employee covered under the PERS system, the beneficiary shall receive payment for all sick leave accrued prior to January 1, 1984, based upon the employee’s base rate of pay at the time of death.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Compensation for Accrued Sick Leave for PERS-Eligible Employees. Upon retirement, the employees covered under the Public Employees Retirement System (PERS) shall receive payment for 50% of all sick leave accrued prior to January 1, 1984, based upon the rate of pay at the time of retirement. All sick leave taken shall reduce the sick leave most recently accrued. If at any time the balance of an employee's sick leave accrued prior to January 1, 1984 is reduced, it may not be replenished for the purposes of sick leave payout. Upon the death of an employee covered under the PERS system, the beneficiary shall receive payment for all sick leave accrued prior to January 1, 1984, based upon the employee’s base rate of pay at the time of death. The total payment of eligible sick leave cash-out upon retirement shall be submitted into the employee’s HRA VEBA account as an Employer Contribution.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Compensation for Accrued Sick Leave for PERS-Eligible Employees. Upon retirement, the employees covered under the Public Employees Retirement System (PERS) shall receive payment for 50% of all sick leave accrued prior to January 1, 1984, based upon the rate of pay at the time of retirement. All sick leave taken shall reduce the sick leave most recently accrued. If at any time the balance of an employee's sick leave accrued prior to January 1, 1984 is reduced, it may not be replenished for the purposes of sick leave payout. Upon the death of an employee covered under the PERS system, the beneficiary shall receive payment for all sick leave accrued prior to January 1, 1984, based upon the employee’s base rate of pay at the time of death. The total payment of eligible sick leave cash-out upon retirement shall be submitted into the employee’s HRA XXXX account as an Employer Contribution.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Compensation for Accrued Sick Leave for PERS-Eligible Employees. Upon retirement, the employees covered under the Public Employees Retirement System (PERS) shall receive payment for 50% of all sick leave accrued prior to January 1, 1984, based upon the rate of pay at the time of retirement. All sick leave taken shall reduce the sick leave most recently accrued. If at any time the balance of an employee's sick leave accrued prior to January 1, 1984 is reduced, it may not be replenished for the purposes of sick leave payout. Upon the death of an employee covered under the PERS system, the beneficiary shall receive payment for all sick leave accrued prior to January 1, 1984, based upon the employee’s base rate of pay at the time of death.. Sick Leave payment shall be made in accordance with Appendix E, HRA VEBA. KC-206-19-G – LTS – Sick Leave Cash-Out Upon Retirement 1
Appears in 1 contract
Samples: Collective Bargaining Agreement
