Payment for unused sick leave for administrators. All members of this negotiation unit upon retiring from the Swedesboro-Woolwich School District and entering the TPAF pension program shall be compensated for accumulated sick leave. The Board will pay for unused, accumulated sick days in the following manner: Upon retirement, early or otherwise, from the district, Administrators with at least ten (10) years of administrative service (*) in the Swedesboro-Woolwich School District will be reimbursed at a rate of one hundred dollars ($100.00) per day for unused sick days up to a maximum of fifteen thousand dollars ($15,000.00). Payment for deferred retirements will be paid in accordance with this Article after the actual effective date of the retirement. * Years of service to Administrators who have worked in the school district in other capacities before January 1, 2015 will be grandfathered and recognized. This compensation will not be payable when an administrator is separated from his/her employment for just cause, either through discharge or resignation directly related to this just cause.
Payment for unused sick leave for administrators. 1. Upon retirement, the leaving administrator shall be compensated for all accumulated sick leave as follows: Administrators hired before 2000 shall receive $110.00 per day up to a maximum of 270 days. Administrators hired after 2000 shall receive $100.00 per day up to a maximum of 270 days. Payment shall be made at the option of the retiree. Monies will be disbursed in a maximum of two years. If the retiree is deceased, the balance of the monies will be disbursed to the retiree’s estate. The Board agrees to look at multiple vehicles for disbursement of these funds.
