Payment of Accumulated Sick Leave. Any employee having accrued sick leave to his credit shall, on retirement or termination, after ten (10) years of continuous service, receive a salary grant in lieu thereof equal to: One half (1/2) of the days accumulated as per 21(B). In the event of death, the salary grant shall be paid to his beneficiary. Union dues will not be deducted from payout.
Payment of Accumulated Sick Leave. 6.1. All employees hired prior to August 1, 2017 who accumulate the maximum hours of unused sick leave listed below shall be entitled to payment for additional unused sick leave as described in Section 6.111below. • Full-time employees: balances over 600 hours • Part-time employees o .75 to .99 FTE balances over 450 hours o .50 to .7499 FTE balances over 300 hours
Payment of Accumulated Sick Leave. Employees will be permitted to accumulate unused sick leave days beyond 150 days and, at retirement, will receive one (1) day's pay for every three (3) days of unused sick leave in excess of 150 days. Payment will be made at retirement by a separate check. This payment will not be included in the computation of the Employee’s pension benefit. No payment will be made for any time less than 153 days. Payment for time over 153 days will be pro-rated to the nearest hour, where necessary. Employees hired after April 1, 1998, will not be entitled to payment for accumulated unused sick leave upon retirement.
Payment of Accumulated Sick Leave. Any employee who is permanently separated from City service due to a service related disability compensated by the Ohio Bureau of Workers Compensation or the Police and Firefighter Disability Pension Fund, as a result of a bodily injury received in the line of duty, shall receive a lump sum payment for one half (1/2) of his accumulated but unused sick leave. The designated beneficiary of any employee who dies as a proximate result of such an injury shall receive payment for the full balance of the accumulated but unused sick leave.
Payment of Accumulated Sick Leave. Any employee who is permanently separated from City service due to a service-related disability, which is compensable, either as a result of bodily injury received in the course of or arising out of his employment or as a result of occupational disease contracted in the course of his employment, by the Ohio Bureau of Worker's Compensation or by the Ohio Police and Fire Pension Fund, shall receive a lump sum payment for one-half (1½) of his accumulated, but unused, sick leave. The designated beneficiary of any employee who dies as a proximate result of such an injury or occupational disease shall receive payment for the full balance of his accumulated, but unused, sick leave.
Payment of Accumulated Sick Leave. All outstanding Sick Leave shall be paid to the Employee at the time of retrenchment.
Payment of Accumulated Sick Leave. The following schedule shall apply for any payment of accumulated sick leave: 0 - 5 Years 0 Percent 0 Percent 5 - 10 Years 25 Percent 25 Percent 10 - 25 Years 25 Percent 35 Percent 25 & Over 25 Percent 40 Percent Payment for all credited sick leave will be made upon retirement or termination of employment only if the employee provides the District with a minimum of two (2) weeks’ notice. Any cash out of sick leave accruals shall be deducted from an employee’s sick leave accrual bank at time of retirement. Any remaining balance shall be reported to Contra Costa County Employees’ Retirement Association (CCCERA) as retirement service credit. The parties’ intent in negotiating this provision in 2017 was to eliminate the employees’ ability to cash-out a portion of their sick leave balance and also receive service credit for these same hours. Current Internal Revenue Service (IRS) regulations regarding Cash or Deferred Arrangements (CODA) do not allow an employee the option to choose between a cash-out payment or apply all of their sick leave balances to service credit. The MOU language as drafted above is consistent with current IRS regulations to the extent individual employees are not provided a choice of how much sick leave would be subject to cash out. However, the parties both believe that employees should have the ability to choose how to use their sick leave balances at the time of retirement, as long as it is consistent with IRS CODA requirements and CCCERA regulations and guidelines. Thus, should the IRS or CCCERA regulations or guidelines change to allow for this choice, the District agrees to meet and confer within 30 days of the changed law to discuss how to implement the potential change(s).
Payment of Accumulated Sick Leave. Payments under this Article will be made during the pay period occurring after January 5 of the year following the effective date of the employee's retirement. Such payment will eliminate the employee's accumulated sick leave.
Payment of Accumulated Sick Leave. The following schedule shall apply for any payment of accumulated sick leave: Years of Service Pay-off Credit at Termination Pay-off Credit at Retirement
Payment of Accumulated Sick Leave. At the time of their retirement or death while employed with the Town, police officers shall be paid for all unused accumulated sick time. If payment is to be made for unused accumulated sick leave, either upon retirement or death of a police officer, to the police officer, his/her family or estate at time of death, it shall be paid at the rate of six dollars and seventy-five cents ($6.75) per hour. The above payment shall not be included for the purpose of computing the retiring officer’s pension except as indicated below:
a) Five hundred dollars ($500.00) of the amount may be credited to the officer’s pension account for calculating pension benefits at the officer’s election. In the event that the officer makes such an election, the pension contributions set forth in Article XX shall be made.
b) An officer retiring with at least twenty (20) years of service may utilize two hundred (200) hours of accumulated sick leave as regular annual leave and be paid at his/her regular rate of pay. Said accumulated sick leave hours (to a maximum of two hundred (200) shall be added to the accumulated annual leave (Section 2 of this Article), to a maximum of four hundred eighty (480) hours, and be utilized in computing the officer’s highest three (3) years average salary for retirement purposes.
