Pay for Unused Sick Days. Upon resignation, retirement, or death, employees who have served the Xxxx-Xxxxx Creek Consolidated School District for a minimum of five (5) years shall be compensated at a rate of thirty-five dollars ($35) per day for each unused day up to the maximum accumulation of one hundred sixty (160) days. In the event of an employee’s death, the compensation shall be forwarded to the designated beneficiary within sixty (60) calendar days.
Pay for Unused Sick Days. After a teacher has accumulated 120 days of sick leave, the teacher will be paid for any additional days he/she earns (up to 12 per year) that are not used during the school year. The rate of pay for these unused sick leave days will be $35.00 per day.
Pay for Unused Sick Days. Each employee with a minimum of five (5) year's service in the district and a minimum of thirty (30) accumulated sick leave days shall, upon voluntary resignation or retirement from the district, receive payment of forty dollars ($40) for each accumulated day up to the maximum allowable accumulation of one hundred eighty (180) days.
Pay for Unused Sick Days. At the time of retirement of any member of the Unit, the Employer agrees to pay the retiring employee for unused sick leave accumulated by the employee at the rate of one half the highest daily CAIU substitute rate for professional employees plus an additional $10 per day. The non-elective, employer contribution required under this section shall be made to a 403(b) tax sheltered annuity established for the employee and, under no circumstances, shall the employee be entitled to receive any payment directly. Notwithstanding the foregoing, the non-elective, employer contribution shall be reduced by any amount that results in annual additions on behalf of the employee to 403(b) tax sheltered annuities exceeding the contribution limits under Section 415(c) of the Internal Revenue Code of 1986, as amended (“Code”) or any other contribution limits under the Code or applicable Treasury Regulations. In the event that any contribution amount would exceed such limits, the excess amount shall be contributed in the following year to the extent that the excess amount does not exceed the contribution limits under Section 415(c) of the Code or any other contribution limits under the Code or applicable Treasury Regulations for such following year. Employee will agree to indemnify and hold harmless the CAIU, its agents, employees, and board members from any claim, which the IRS or the Pennsylvania Department of Revenue could assert with respect to this specific provision in the Act 93 Agreement and the transactions described herein.
Pay for Unused Sick Days. A teacher who has 127-179 sick days accumulated as 40 of the last teacher contract day of the school year will be paid for 3 unused sick days at a rate $175 41 per day. Teachers may opt out of this program and continue to bank their sick days by informing the 42 District Office annually by June 1 of their decision to opt out. Payment shall be in the form of a 43 District contribution to that teacher’s Health Savings Account (HSA) or Health Reimbursement 44 Account (HRA). Payment shall be made with the June 30 payroll. These paid days will be deducted 45 from the annual Sick Days account and may not be banked.
Pay for Unused Sick Days. An employee may request and receive pay for unused sick leave under the following circumstances:
