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.
Appears in 5 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
