Common use of Incentive for Non-Use of Sick Leave Clause in Contracts

Incentive for Non-Use of Sick Leave. Retirement Severance Pay Upon moving into the retirement system, bargaining unit members shall be paid remuneration for their unused sick leave according to the following provisions: a. The amount to be paid to the bargaining unit member retiring shall be determined by multiplying the number of days credit by the daily rate of pay. b. The daily rate of pay shall be the bargaining unit member‘s salary at the time of retirement termination divided by the number of days in the contract year. c. The number of days of credit shall be one-fourth (1/4) of the number of accumulated days of unused sick leave to a maximum of sixty (60) days and one (1) day for every ten (10) days over 240 accumulated days. The mutual intent of this language is to include ten percent (10%) of the accumulated days over 240. Thus, if a retiring teacher has 268 accumulated days, the teacher would be entitled to 60 days of severance plus 2.8 days of severance for the days over 240. d. Beginning with the 2019-20 school year, provided the bargaining unit member gives notice of retirement by March 1 effective at the end of the school year, the bargaining unit member will also receive $2,500.00 at the time the severance is paid out.

Incentive for Non-Use of Sick Leave. Retirement Severance Pay Upon moving into the retirement system, bargaining unit members shall be paid remuneration for their unused sick leave according to the following provisions: a. The amount to be paid to the bargaining unit member retiring shall be determined by multiplying the number of days credit by the daily rate of pay. b. The daily rate of pay shall be the bargaining unit member‘s member ‘s salary at the time of retirement termination divided by the number of days in the contract year. c. The number of days of credit shall be one-fourth (1/4) of the number of accumulated days of unused sick leave to a maximum of sixty fifty-five (6055) days and one (1) day for every ten (10) days over 240 250 accumulated days. The mutual intent of this language is to include ten percent (10%) of the accumulated days over 240250. Thus, if a retiring teacher has 268 accumulated days, the teacher would be entitled to 60 55 days of severance plus 2.8 days of severance for the days over 240. d. Beginning with the 2019-20 school year, provided the bargaining unit member gives notice of retirement by March 1 effective at the end of the school year, the bargaining unit member will also receive $2,500.00 at the time the severance is paid out.plus