Common use of Death or Retirement Sick Leave Buy-Back Option Clause in Contracts

Death or Retirement Sick Leave Buy-Back Option. At the time of separation from District employment due to retirement (as recognized by {PERS}), or death, an Employee or his/her estate shall receive pay for accumulated but unused sick leave up to a maximum of one hundred eighty (180) days at a rate equal to one day's per diem pay for each four (4) full days accrued leave for illness or injury. The monies paid pursuant to this provision shall not be included for the purpose of computing a retirement allowance under any public retirement system in the State, and shall be in accordance with the rules and regulations of the Superintendent of Public Instruction.

Appears in 4 contracts

Samples: Bridgeport Classified Public Employees, www.ernn.com, www.bridgeport.wednet.edu

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!