Payment for Sick Leave. (1) Any employee covered by this Agreement who has completed twenty (20) years of service with the Urbana Fire Department including time spent on the University of Illinois Fire Department or who has retired as a result of a disability, shall upon retirement or resignation from the department receive payment for accumulated sick leave in an amount equal to fifty percent (50%) of the accrual, such payment to be made on the basis of the employee's hourly rate of pay at the time of such honorable separation. In the event of a death of an employee while in the employment of the City, the provisions of this section shall be paid to his/her estate. (2) Each employee with a minimum sick leave balance of 750 hours may cash out, at 50 percent rate, up to twenty four (24) hours of sick leave above the minimum balance for each calendar year quarter where no sick time is utilized.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
