Common use of Conversion of Accumulated Sick Leave Clause in Contracts

Conversion of Accumulated Sick Leave. Employees qualifying for retirement under Nevada PERS with a minimum of twenty (20) years of total service with the City of Sparks may elect to convert sixty five percent (65%) of the Employee's accumulated sick leave up to a three thousand two hundred fifty (3,250) hours. at twenty-five (25) years of service maximum to an unfunded City account for the purpose of paying for medical coverage under the City's then existing group medicalhealth insurance plan on a monthly basis.

Conversion of Accumulated Sick Leave. Employees qualifying for retirement under Nevada PERS with a minimum of twenty (20) years of total service with the City of Sparks may elect to convert sixty five percent (65%) of the Employee's accumulated sick leave up to a three thousand two hundred fifty (3,250) hours. hour at twenty-five (25) years of service maximum to an unfunded City account for the purpose of paying for medical coverage under the City's then existing group medicalhealth medical insurance plan on a monthly basis.

Conversion of Accumulated Sick Leave. Employees qualifying for retirement under Nevada PERS with a minimum of twenty (20) years of total service with the City of Sparks may elect to convert sixty five percent (65%) of the Employee's accumulated sick leave up to a three thousand two hundred fifty (3,250) hours. at twenty-five (25) years of service maximum to an unfunded City account for the purpose of paying for medical coverage under the City's then existing group medicalhealth insurance plan on a monthly basis.. Effective upon ratification, the following conversion rates will apply: Continuous Service Conversion 20 years or more 65% 21 years or more 75% 22 years or more 85% 23 years or more 90% 24 years or more 95% 25 years or more 100%

Conversion of Accumulated Sick Leave. Employees qualifying for retirement under Nevada PERS with a minimum of twenty (20) 20 years of total service with the City of Sparks may elect to convert sixty five percent (65%) of the Employee's accumulated sick leave up to a three thousand two hundred fifty (3,250) hours. at twenty-five (25) years of service maximum to an unfunded City account for the purpose of paying for medical coverage under the City's then existing group medicalhealth medical insurance plan on a monthly basis.. Effective upon ratification, the following conversion rates will apply: Continuous Service Conversion 20 years or more 65% 21 years or more 75% 22 years or more 85% 23 years or more 90% 24 years or more 95% 25 years or more 100%