Pay for Unused Days. Any regular employee who retires and the estate of one who dies while employed by the Oak Park Board of Education shall be eligible for severance pay for unused accumulated sick leave of $10.00 per day for the first 60 days, $15.00 per day for the next 60 days and $20.00 per day for the next 60 days.
Pay for Unused Days a. At retirement or voluntary separation after completing ten (10) years of continuous service, an employee shall be paid thirty-five percent (35%) of the employee’s accumulated sick leave.
b. At retirement or voluntary separation after completing twenty (20) years of continuous service, an employee shall be paid fifty percent (50%) of the employee’s accumulated sick leave.
c. At retirement or voluntary separation after completing thirty (30) years of continuous service, an employee shall be paid seventy percent (70%) of the employee’s accumulated sick leave.
d. Any payment of the employee’s sick leave paid under Subsection 5A above shall be paid by the employer into a Retirement Health Savings account set up in the employee’s name under the terms and conditions approved by separate agreement with the provider, ICMA-RC, as approved by the Union.
e. In the event of the death of an employee while employed by the City, one hundred percent (100%) of all unused accrued sick leave shall be paid to the spouse, if any, or if none, then to the employee’s estate.
Pay for Unused Days. The District will pay a teacher $150 for each unused personal day, up to a maximum of three days each school year. , and these personal leave days will be deducted from sick leave. If a teacher wishes to add an unused personal day to his/her accumulated sick leave days, instead of receiving payment for the unused day, the teacher must notify the District Office, in writing, by June 15 of that school year.
