Credit for Unused Sick Leave. The County contracted with the California Public Employees Retirement System (CalPERS) to provide Section 20965 Credit for Unused Sick Leave Benefit for employees in the Miscellaneous Retirement group. This benefit provides that unused accumulated sick leave at time of retirement may be converted to additional service credit at the rate of 0.004 year of service credit for each day of unused sick leave in accordance with the PERS formula. For policy and procedures regarding this provision, review Section 19.14, of this Agreement.
Credit for Unused Sick Leave. When a member’s final retirement benefit is calculated, a member receives service credit for unused sick leave. One month of service credit shall be granted for every 22 days of unused sick leave. A remainder of 11 days or more will be rounded up to the next full month. Sick leave shall not be used to determine membership service required for the following: death benefit; ordinary disability; vesting or average final compensation.
Credit for Unused Sick Leave. The unused accumulated sick leave for any employee at the time of their retirement in accordance with the provisions of the Public Employee's Retirement Law, as amended, may be converted to additional service credit at the rate of .004 year of service credit for each day of unused sick leave (i.e., 250 days of sick leave equals one additional year of service credit). If an eligible employee chooses the sick leave pay-off in Section 12.4, the remaining balance of the employee's accumulated sick leave shall be converted to service credit.
Credit for Unused Sick Leave. As permitted by California Government Code Section 20965, an employee who retires may convert up to one hundred percent (100%) of the employee’s unused accumulated sick leave to additional service credit at the rate of 0.004 years of service credit for each day of unused sick leave (i.e. 250 days of sick leave equals one additional year of service credit.) If an employee elects to convert unused accumulated sick leave to additional service credit, those sick leave days shall not be “sold back” under Subsection 6.7 of this Agreement.
Credit for Unused Sick Leave. Court employees may convert unused accumulated sick leave at time of retirement to additional service credit at the rate of 0.004 year of service credit for each day of unused sick leave in accordance with the PERS formula. For policy and procedures regarding this provision, review Section 18.14 of this MOU.
Credit for Unused Sick Leave. The County has amended its contract with CalPERS to include Section 20965, “Credit for unused sick leave”. This will provide a credit of
Credit for Unused Sick Leave. When a member’s final retirement benefit is calculated, a member receives service credit for unused sick leave. One month of service credit shall be granted for every 22 days of unused sick leave. A remainder of 11 days or more will be rounded up to the next full month. Sick leave shall not be used to determine membership service required for the following: death benefit; ordinary disability; vesting; early retirement or average final compensation. Members may withdraw from the System and receive their accumulated contributions only upon termination of employment. If employment is resumed and membership reinstated, no loss of prior service will occur if all accumulated contributions that were withdrawn are redeposited with interest to date of redeposit. Employees reenrolling under such conditions may not take a normal service retirement or an ordinary disability retirement for three years after reenrollment.
Credit for Unused Sick Leave. The City’s contract with CalPERS provides for Credit for Unused Sick Leave (Government Code §20965). Upon retirement, an employee may convert accumulated sick leave to retirement service credit.
Credit for Unused Sick Leave. All employees covered by this MOU can have unused accumulated sick leave at the time of retirement converted to additional service credit, pursuant to Government Code section 20965. The City must report only those hours of unused sick leave that were accrued by the employee during the normal course of employment. This section applies to members whose effective date of retirement is within four (4) months of separation from employment.
Credit for Unused Sick Leave. The City has contracted with CalPERS to provide service credit for unused sick leave pursuant to the Public Employees Retirement Law. To qualify for this provision, a member must retire within one hundred and twenty (120) days of separation from the City.
