Common use of Extra Alternative Leave Cash-out Clause in Contracts

Extra Alternative Leave Cash-out. A separating employee may be entitled to an extra cash out paid at one-half of the number of remaining alternative leave hours, up to a maximum of 340 additional hours, if the employee completed at least five (5) years of service with the county and: a. is retiring under the PERS, PSERS or LEOFF system; or b. qualifies for and is taking a disability retirement that prevents the employee from working; or c. in the event of the employee’s death. If the bargaining unit membership elects to participate in the County VEBA plan in accordance with Article 15.5, the cash out as a result of PERS, PSERS, LEOFF or disability retirement will be placed in the VEBA account. Death benefit cash out will be paid directly to the beneficiary.