PAYMENT FOR ACCUMULATED SICK DAYS. Teachers retiring under TRS shall be paid at the rate of $60.00 per day for accumulated sick leave earned in District 30 for up to a maximum of 40 days beyond what they use for TRS service credit. The 40 days shall be calculated after subtracting 170 days from their ending sick day balance and after subtracting any days used for TRS service credit Such payment shall be made as a post-retirement severance benefit and is not intended to be added to compensation in the teacher's final year of service. The payment shall be made following evidence from TRS submitted by the retired teacher indicating the number of days used for service credit.
PAYMENT FOR ACCUMULATED SICK DAYS. Upon termination of employment, an employee shall be entitled to a payment of eight dollars ($8.00) per day for each day of accumulated sick day subject to the following conditions and limitations.
1. Employee shall have served continuously in his/her current position for a minimum of five (5) years.
2. Employee shall have a minimum of forty (40) accumulated sick days at the time of retirement or voluntary termination.
3. An employee shall voluntarily terminate his/her employment, or shall retire under the terms of the Public Employment Retirement System and immediately collect a pension.
4. The maximum amount to which an employee is eligible under this provision is $650.00
5. An employee otherwise entitled to payment for accumulated sick leave under the terms of another Agreement between the board and another bargaining unit shall not be entitled to this benefit.
PAYMENT FOR ACCUMULATED SICK DAYS. 1. Effective July 1, 2002, an employee with at least twenty-five years of district service, who retires under the provisions of P.E.R.S. shall be eligible for payment for unused accumulated sick leave, as indicated below:
a. The employee shall submit written notice of intention to be paid for accumulated sick leave days to the Business Administrator on or before the December 31st that precedes the employee’s retirement date. Payment for accumulated sick leave days shall be made by (a) July 31st or (b) within 30 days of retirement, whichever date occurs later. Failure to submit timely notice of intent to be paid for accumulated sick leave days will delay the payment by one year.
b. Retirement shall be defined as an employee being eligible and applying for and immediately receiving P.E.R.S. pension payments upon leaving district service.
c. Payment shall be determined by calculating the number of sick days accumulated as of the effective date of retirement. There shall be no payment for the first one hundred (100) days of accumulated sick leave.
(1) An employee shall be paid at a rate of $57.50 per day, for each day beyond the first one hundred (100) sick days accumulated, up to a maximum payment of eight thousand six hundred and twenty five ($8,625.00) dollars.
(2) Effective June 30, 2006, an employee shall be paid at a rate of $57.50 per day, for each day beyond the first one hundred (100) sick days accumulated, up to a maximum payment of nine thousand ($9,000.00) dollars.
(3) Effective June 30, 2007, an employee shall be paid at a rate of $57.50 per day, for each day beyond the first one hundred (100) sick days accumulated, up to a maximum payment of ten thousand ($10,000.00) dollars.
(4) Effective June 30, 2008, an employee shall be paid at a rate of $57.50 per day, for each day beyond the first one hundred (100) sick days accumulated, up to a maximum payment of twelve thousand ($12,000.00) dollars.
2. The payment to which an employee would otherwise be entitled under 1.c. above, shall be reduced by one hundred dollars ($100.00) per day for each day of casual absence during the employee's last twelve (12) months of active employment. Casual absence is defined as all absences, exclusive of: a) approved professional days; b) extended illness which requires absence in excess of three (3) consecutive days as evidenced by medical documentation; c) personal days; and d) vacation days.
