Common use of Conversion of Sick Leave at Retirement Clause in Contracts

Conversion of Sick Leave at Retirement. (VEBA) The District has adopted the VEBA III Sick Leave Conversion Medical Reimbursement Plan pursuant to RCW28A.400.210 and agrees to make contributions based on the conversion sick leave credits to the account of each eligible certified staff member at retirement, in accordance with the statute. The District will provide the Association with a list of members eligible to retire by February 1. The Association will contact each member on the list and ask if he or she intends to retire that year. Each year by March 1 those eligible and intending to retire will vote on whether to participate in the plan for that year. If a majority of such members agree to participate in the plan, the Association will notify the District. The Association will also notify the District if the majority does not vote to participate in the plan. If a majority of those eligible and intending to retire, vote yes, all certified NAT staff members retiring that year must participate. The District will provide each of those members with a VEBA III enrollment form which includes a Hold Harmless Agreement if they are not previously enrolled. These forms need to be completed by the member and returned to the District by May 15. Moneys received under this section shall not be included for the purposes of computing a retirement allowance under any public retirement system in this state. The Superintendent of Public Instruction in its administration hereof, shall promulgate uniform rules and regulations to carry out the purposes of this section. Should the legislature revoke any benefits granted under this section, no affected employee shall be entitled thereafter to receive such benefits as a matter of contractual right.

Conversion of Sick Leave at Retirement. (VEBA) The District has adopted the VEBA III Sick Leave Conversion conversion Medical Reimbursement Plan pursuant to RCW28A.400.210 and agrees to make contributions based on the conversion value of sick leave credits to the account of each eligible certified staff member at retirement, in accordance with the statute. The District will provide the Association with a list of members eligible to retire by February 1. The Association will contact each member on the list and ask if he or she intends to retire that year. Each year by March 1 April 15, all those eligible and intending to retire will vote on whether to participate in the plan for that year. If a A majority of such members agree to participate in the plan, the Association those voting will notify the District. The Association will also notify the District if the majority does not vote to participate in the planbe required. If a majority of those eligible and intending to retire, vote yes, all certified NAT staff members retiring that year must participateparticipate (and sign the Hold Harmless Agreement required by the statute and included in the VEBA III Enrollment form). If any retiring member for that year does not sign the said agreement, he/she will forfeit a portion of that year's sick leave. The District will provide the Association with a list of members eligible to retire by October 15. The Association will contact each member on the list and ask if he or she intends to retire that year. If a majority of such member(s) agree to participate in the plan, the Association will notify the District. The District will provide each of those members with a VEBA III enrollment form which includes form, including a Hold Harmless Agreement if they are not previously enrolled. These forms need to be completed by the member and returned to the District by May 15. Moneys received under this section shall not be included for the purposes of computing a retirement allowance under any public retirement system in this state. The Superintendent of Public Instruction in its administration hereof, shall promulgate uniform rules and regulations to carry out the purposes of this section. Should the legislature revoke any benefits granted under this section, no affected employee shall be entitled thereafter to receive such benefits as a matter of contractual right.

Conversion of Sick Leave at Retirement. (VEBA) The District has adopted the VEBA III Sick Leave Conversion conversion Medical Reimbursement Plan pursuant to RCW28A.400.210 and agrees to make contributions based on the conversion value of sick leave credits to the account of each eligible certified staff member at retirement, in accordance with the statute. Each year by April 15, all those eligible and intending to retire will vote on whether to participate in the plan for that year. A 60% majority of those voting will be required. If a 60% majority of those eligible and intending to retire, vote yes, all certified NAT staff members retiring that year must participate (and sign the Hold Harmless Agreement required by the statute and included in the VEBA III Enrollment form). If any retiring member for that year does not sign the said agreement, he/she will forfeit a portion of that year's sick leave. The District will provide the Association with a list of members eligible to retire by February 1March October 15. The Association will contact each member on the list and ask if he or she intends to retire that year. Each year by March 1 those eligible and intending to retire will vote on whether to participate in the plan for that year. If a 60% majority of such members member(s) agree to participate in the plan, the Association will notify the District. The Association will also notify the District if the majority does not vote to participate in the plan. If a majority of those eligible and intending to retire, vote yes, all certified NAT staff members retiring that year must participate. The District will provide each of those members with a VEBA III enrollment form which includes form, including a Hold Harmless Agreement if they are not previously enrolled. These forms need to be completed by the member and returned to the District by May 15. Moneys received under this section shall not be included for the purposes of computing a retirement allowance under any public retirement system in this state. The Superintendent of Public Instruction in its administration hereof, shall promulgate uniform rules and regulations to carry out the purposes of this section. Should the legislature revoke any benefits granted under this section, no affected employee shall be entitled thereafter to receive such benefits as a matter of contractual right.

Conversion of Sick Leave at Retirement. (VEBA) The District has adopted the VEBA III Sick Leave Conversion conversion Medical Reimbursement Plan pursuant to RCW28A.400.210 and agrees to make contributions based on the conversion sick leave credits to the account of each eligible certified staff member at retirement, in accordance with the statute. The District will provide the Association with a list of members eligible to retire by February 1. The Association will contact each member on the list and ask if he or she intends to retire that year. Each year by March 1 those eligible and intending to retire will vote on whether to participate in the plan for that year. If a majority of such members agree to participate in the plan, the Association Associaiton will notify the District. The Association Associaiton will also notify the District if the majority does not vote to participate in the plan. If a majority of those eligible and intending to retire, vote yes, all certified NAT staff members retiring that year must participate. The District will provide each of those members with a VEBA III enrollment form which includes a Hold Harmless Agreement if they are not previously enrolled. These forms need to be completed by the member and returned to the District by May 15. Moneys received under this section shall not be included for the purposes of computing a retirement allowance under any public retirement system in this state. The Superintendent of Public Instruction in its administration hereof, shall promulgate uniform rules and regulations to carry out the purposes of this section. Should the legislature revoke any benefits granted under this section, no affected employee shall be entitled thereafter to receive such benefits as a matter of contractual right.