PAYMENT FOR ACCUMULATED SICK LEAVE UPON RETIREMENT. A. Upon retirement from Agawam, or death (while employed by Agawam), teachers or their estate shall be entitled to one (1) day’s pay for every four (4) days of accumulated sick days above thirty (30). The Superintendent must be notified of a teacher’s intent to retire by January 1st of the year preceding retirement in order to budget. A teacher may rescind his/her retirement notice no later than sixty (60) days prior to the effective date of retirement, unless a material change in personal circumstances warrants otherwise. A teacher xxx submit a letter of intent to retire after January 1st of the year preceding retirement; however, if the teacher does so, the Committee has the option to defer payment to the fiscal year next following the date of notification.
PAYMENT FOR ACCUMULATED SICK LEAVE UPON RETIREMENT. Upon retirement from Agawam, or death (while employed by Agawam), teachers or their estate shall be entitled to one (1) day’s pay for every four (4) days of accumulated sick days above thirty (30). The Superintendent must be notified of a teacher’s intent to retire by January 1st of the year preceding retirement in order to budget. A teacher may rescind his/her retirement notice no later than sixty (60) days prior to the effective date of retirement, unless a material change in personal circumstances warrants otherwise. A teacher xxx submit a letter of intent to retire after January 1st of the year preceding retirement; however, if the teacher does so, the Committee has the option to defer payment to the fiscal year next following the date of notification. The provisions of Paragraph A above shall apply to teachers hired after December 1, 1982 to the extent that the accumulated sick leave shall be limited to 150 days, with the net affect then being that a teacher may receive compensation for a total of 30 days maximum. Article 32A
PAYMENT FOR ACCUMULATED SICK LEAVE UPON RETIREMENT. Any Employee who retires from the City of Flint as provided in the Retirement Ordinance shall be compensated in cash for any accumulated unused sick leave days up to 480 hours plus one-half (1/2) pay for each hour of unused sick leave in excess of 960 hours, and for Employees hired prior to January 1, 1978, it shall continue to be included in the computation of final average compensation for retirement purposes. Provided, however, for any Employee hired after January 1, 1978, said sick leave shall be paid after the Employee retires (within sixty (60) days) and shall not be included as part of the Employee's final average compensation for the purpose of computing retirement benefits.
PAYMENT FOR ACCUMULATED SICK LEAVE UPON RETIREMENT. A. An employee of the Police Department in a position represented by the Fraternal Order of Police, upon retirement, or in the event of the death of said employee — his/her beneficiary, will be paid for accumulated sick leave as follows: Effective November 6, 2007, the following sick leave conversion formula will be in effect:
