Common use of Pay for Unused Sick Leave Clause in Contracts

Pay for Unused Sick Leave. An employee retiring from the District at age fifty-five (55) or older with eight (8) or more years of service with the tier 1 Illinois Municipal Retirement Fund or ten (10) or more years of service with the tier 2 Illinois Municipal Retirement Fund shall receive fifty dollars ($50.00) per day for each unused sick day above two hundred forty (240). An employee who retires from the District with less than ten (10) years of service with the Illinois Municipal Retirement Fund shall receive thirty-five dollars ($35.00) per day for each unused sick leave day at the time he/she leaves the District. Such payment shall be made after the conclusion of the first calendar month following the month in which the employee’s employment was terminated such that the payment will not constitute IMRF earnings (e.g. for an employee terminating employment on June 30, 2023, payment shall be paid on the first regularly scheduled payroll in August 2023).

Pay for Unused Sick Leave. ‌ An employee retiring from the District at age fifty-five (55) or older with eight (8) or more years of service with the tier 1 Illinois Municipal Retirement Fund or ten (10) or more years of service with the tier 2 Illinois Municipal Retirement Fund shall receive fifty dollars ($50.00) per day for each unused sick day above two hundred forty (240). An employee who retires from the District with less than ten (10) years of service with the Illinois Municipal Retirement Fund shall receive thirty-five dollars ($35.00) per day for each unused sick leave day at the time he/she leaves the District. Such payment shall be made after the conclusion of the first calendar month following the month in which the employee’s employment was terminated such that the payment will not constitute IMRF earnings (e.g. for an employee terminating employment on June 30, 2023, payment shall be paid on the first regularly scheduled payroll in August 2023).

Pay for Unused Sick Leave. An employee retiring from the District at age fifty-five (55) or older with eight (8) or more years of service with the tier 1 Illinois Municipal Retirement Fund or ten (10) or more years of service with the tier 2 Illinois Municipal Retirement Fund shall receive fifty dollars ($50.00) per day for each unused sick day above two hundred forty (240). An employee who retires from the District with less than ten eight (10) 8) years of service with the Illinois Municipal Retirement Fund shall receive thirty-five dollars ($35.00) per day for each unused sick leave day at the time he/she leaves the District. Such payment shall be made after the conclusion of the first calendar month following the month in which the employee’s employment was terminated such that the payment will not constitute IMRF earnings (e.g. for an employee terminating employment on June 30, 20232017, payment shall be paid on the first regularly scheduled payroll in August 20232017).