Common use of Leaves at Retirement Clause in Contracts

Leaves at Retirement. At the time of their retirement, licensed professionals may request the District to add to their final paycheck in June or their last working day, compensating them for the number of days of their accumulated, unused sick leave, valued at $45 per leave day, up to a maximum of $10,000 for employees retiring under OPSRP. If eligible, Tier I and Tier II employees may request the District payout the number of days they accumulate, unused sick leave valued at $45 per leave day, up to a maximum of $5000. Tier I and II employees must show the Notice of Entitlement, from PERS, that they did not use unused sick leave as part of their PERS retirement formula. The sick leave will be paid out on the 15th of the month after the Notice of Entitlement is received. (Example: Notice of Entitlement is receive in July, Sick leave payout will be on August 15th.)

Leaves at Retirement. At the time of their retirement, licensed professionals professionals, retiring under OPSRP may request the District to add to their final paycheck in June or their last working day, compensating them for the number of days of their accumulated, unused sick leave, valued at $45 per leave day, up to a maximum of $10,000 for employees retiring under OPSRP10,000. If eligible, Tier I and Tier II employees may request the District payout the number of days they accumulate, unused sick leave valued at $45 per leave day, up to a maximum of $5000. Tier I and II employees must show the Notice of Entitlement, from PERS, that they did not use unused sick leave as part of their PERS retirement formula. The sick leave will be paid out on the 15th of the month after the Notice of Entitlement is received. (Example: Notice of Entitlement is receive in July, Sick leave payout will be on August 15th.)