Payment of Sick Leave Upon Retirement a. Upon retiring from active service with the University after ten (10) or more years of service with the State or any of its political subdivisions, a bargaining unit faculty member may elect to be paid for one-fourth (¼) of the accrued but unused sick leave credit up to a maximum of one-fourth (¼) of one hundred twenty (120) days. This payment will be based upon the bargaining unit faculty member’s rate of pay at the time of retirement. Upon accepting such payment, all sick leave credit accrued up to that time will be eliminated.
b. Such payment will be made upon retirement in a lump sum in one (1) paycheck at the end of the month following the month in which the retirement is effective.
Payment of Sick Leave Upon Retirement. Upon retirement, employees shall receive cash payment for accumulated, unused sick leave converted at the employee’s current hourly rate. Initially, the employee will receive two thousand dollars ($2,000) payable with the final pay period that includes the employee’s retirement date. The remaining converted balance of the accrued sick leave balance shall be converted as follows: Upon a bona fide retirement, employees will convert the remainder, after payment of the two thousand dollars ($2,000) addressed in the preceding paragraph, of the unused sick leave balance to a bank for purposes of purchasing health insurance after retirement. The Sick Leave Balance for Conversion Rate purposes will be the employee’s balance before payment of the two thousand dollars ($2,000) addressed above and will be converted according to the following schedule: Sick Leave Balance Rate of Accrual Conversion Rate Zero to 750 hours 18 days per year 60% of value Over 750 hours to 1500 hours 12 days per year 80% of value Over 1500 hours 6 days per year 100% of value The Employer will continue to pay the Employer’s share of the health insurance premium each month until the converted value of the employee’s sick leave balance is exhausted or until the employee is eligible for Medicare, whichever comes first. The retired employee may stay with the same health insurance program as when employed or switch “down” at any time without underwriting. The converted value of the sick leave can only be applied to the Employer’s share of health insurance payments. It has no cash value and it is not transferable to another use or to an heir. The State agrees that with regards to employees in positions designated by IPERS as Protection Occupation positions who have reached retirement eligibility and have separated from employment with the State, but who have not yet begun to receive IPERS retirement benefits, it will work with the Union to establish terms for their use of this benefit.
Payment of Sick Leave Upon Retirement. Upon retirement, employees giving the required notice will receive payment of fifty percent (50%) of the accrued sick leave days in excess of thirty (30) days at their base rate of pay. Sincerely, Xxxxx Xxxxxx Employee Relations Coordinator Xxxxxxxx Xxxx Counsel and Chief Negotiator SEIU Healthcare District 1199NW 00 X. Xxxxx Way #200 Renton, WA 98057 RE: Voluntary Employee Vacation Donation for Union Bargaining Team Members Dear Xxxxxxxx: Employees in the RN/LPN, Service and/or Dietary Bargaining units will be allowed to donate vacation hours to a vacation donation pool for use by the employees on the Union’s bargaining team during 2010-2012 contract negotiations as follows:
1. Any member of an SEIU bargaining unit (RN/LPN, Service and/or Dietary) may donate accrued vacation hours by providing written authorization, indicating:
a. the number of hours they agree to donate to the Union with four hours being the required minimum;
b. their authorization for Olympic Medical Center to deduct the donated hours from their accrued vacation; and
c. the employee’s acknowledgement that donated hours will not be returned to any employee.
2. The Union will report to Olympic Medical Center the total number of hours donated by its members and provide copies of the signed authorization forms no later than 10 calendar days after the date a new contract is ratified. No additional donations will be accepted after this date.
3. OMC will calculate the total value of the donated hours by multiplying the number of hours donated by each employee by his or her regular rate of pay (including shift differential). OMC will issue a one-time payment to the Union equal to the total dollar value of the donated hours (minus the legally required withholding) as part of transmittal of union dues, with an individual accounting for the total amount of vacation donation.
4. The Union is responsible for administering the donated vacation hours, including determining amounts to distribute to bargaining team members. The Union shall make all payouts to its individual team members in accordance with IRS regulations.
5. OMC will deduct employee donated vacation hours from all employees’ accrued vacation as authorized, in the pay period the payment is made to the Union.
6. The Union will indemnify and hold OMC harmless in the event of an employee complaint (either by the donor or recipient) unless OMC erred in donating vacation from an employee from whom it had no authorization and/or erred in the n...
Payment of Sick Leave Upon Retirement for Regents Employees Upon retirement, Regents employees shall receive cash payment of accumulated unused sick leave not to exceed a total of two thousand dollars ($2,000), payable during the pay period preceding the employee’s retirement.
Payment of Sick Leave Upon Retirement. At retirement, layoff, death, dismissal or resignation, a full-time employee with ten (10) years of service or more shall be permitted a maximum payout of accumulated sick leave (noted above in Section 1) of 1:3. For example, if an employee has accumulated 1,000 hours of sick leave, he/she will be eligible to receive a payout equivalent to 333 hours.
Payment of Sick Leave Upon Retirement. Upon retirement, employees shall receive cash payment for accumulated, unused sick leave not to exce thousand ($2,000) dollars, payable during the pay period preceding the employee's retirement date.
Payment of Sick Leave Upon Retirement. Upon retirement under the Ohio Public Employees Retirement System at the time of separation from employment with the Champaign County-wide Public Safety Communications System COG, bargaining unit employees with ten (10) or more years of continuous service with the Employer shall be paid in cash for one-fom1h (¼) of the value of his or her accrued but unused sick leave up to a maximum payment for thirty
Payment of Sick Leave Upon Retirement. Upon retirement, employees giving the required notice will receive payment of fifty percent (50%) of the accrued sick leave days in excess of thirty (30) days at their base rate of pay. Sincerely, Xxxxx Xxxxxx Employee Relations Coordinator 000 Xxxxxxxx Xxxxxx Port Angeles, WA 98362 (000) 000-0000 xxx.xxxxxxxxxxxxxx.xxx
Payment of Sick Leave Upon Retirement a. Upon retiring from active service with the University after ten or more years of service with the State or any of its political subdivisions, a bargaining unit faculty member may elect to be paid for one-fourth of the accrued but unused sick leave credit up to a maximum of one-fourth of one hundred twenty days. This payment will be based upon the bargaining unit faculty member’s rate of pay at the time of retirement. Upon accepting such payment, all sick leave credit accrued up to that time will be eliminated.
b. At the election of the bargaining unit member, such payment will be made upon retirement in a lump sum or in up to three annual installments. If made in one lump sum, payment is made in one paycheck at the end of the month in which the retirement is effective.
Payment of Sick Leave Upon Retirement. Upon written notice by the certified employee to the Board of Education and to the State Teacher's Retirement System, the Coweta Board of Education will pay the certified employee at the rate of $25.00 per day for each day of accumulated sick leave up to a maximum of one hundred twenty (120) days. The payment will be based upon the number of accumulated sick leave days at the end of the contract period.
