Payment of Unused Sick Leave. An employee entitled to sick leave under this Article shall receive, upon termination of employment, the following percentum of their unused accumulated sick leave after a minimum of ten (10) years continuous service.
Payment of Unused Sick Leave. A. Pay-off at separation: An employee hired before July 1, 2014 who leaves the service of the District after three (3) years of employment shall receive payment for 100% of sick leave accumulated for the first 800 hours accumulation; 50% of sick leave accumulated from 801 hours through 1600 hours; and 25% of sick leave accumulated over 1600 hours. Payment shall be based on the employee's base hourly wage at time of separation.
B. Pay-off at separation: An employee hired after June 30, 2014 who leaves the service of the District after four (4) years of employment, shall receive payment for 100% of sick leave accumulated for up to 800 hours. Payment shall be based on the employee's base hourly wage at time of separation.
Payment of Unused Sick Leave. An employee entitled to sick leave under this Article shall receive, upon termination of employment, the following percentum of unused accumulated sick leave after a minimum of ten (10) years continuous service:
(i) 25% of unused sick leave after 10 years of service to a maximum of thirty (30) days;
(ii) 40% of unused sick leave after 15 years of service to a maximum of forty-eight (48) days;
(iii) 60% of unused sick leave after 20 years of service to a maximum of seventy-two (72) days. Payment of unused sick leave as entitled shall be made to the estate in case of death of an employee.
Payment of Unused Sick Leave. Any employee who has completed five (5) years of service with the CCBDD will, upon leaving the Agency, have the option of (a) receiving thirty-five percent (35%) of his accumulated sick leave up to thirty (30) days at his current hourly rate of pay, or, (b) have all of his accumulated sick leave maintained on file to be transferred to another agency. The employee must request option (a) or (b) in writing to the Employer, within thirty (30) calendar days prior to the effective date of the termination of employment. Employees who make no such written selection thirty (30) days prior to their termination of employment date will be automatically granted option (b). Eligibility for such severance payment shall be contingent upon the employee giving the Employer thirty (30) calendar days written notice prior to the effective date of the termination of employment. If such written notice is not provided to the Employer at least thirty (30) calendar days prior to severing employment, no payment for accumulated sick leave will be made. (Employer will retain accumulated sick leave on file). Any current employee who dies after having completed five (5) years of service with the CCBDD will be entitled to payment to his estate of 50% of his accrued, unused sick leave, up to a maximum of seven hundred (700) hours. For purposes of this section, completion of five (5) years of service is construed to mean five (5) years from anniversary date to anniversary date of continuous service. This section does not apply to employees who retire.
Payment of Unused Sick Leave. In the event of death, retirement or job related total disability of an employee, the City will at such time pay to him/her, or to his/her estate, one-half 1/2 of his/her accumulated unused sick leave not to exceed eighty (80) days at his/her base pay in effect at such date.
Payment of Unused Sick Leave. Upon retirement under the provisions of the State Retirement Act or the College Optional Retirement program, a full-time faculty member who is eligible to begin drawing annuity immediately and chooses to do so shall be paid at their last annual rate based upon a two hundred (200) day year for each accumulated sick leave day up to one hundred (100) days. If the member returns to the College for employment, for any reason, the Board will not be responsible for these benefits a second time. The faculty member must have been an employee of the College for a period of ten (10) years to be eligible for this benefit. Payment for this benefit will be made as an employer contribution to one (1) of the College’s eligible retirement plans as elected by the faculty member. Payment will be made within thirty (30) days of the employee retirement date, or when the employee provides the College’s Human Resources department with the employee’s retirement plan account number, whichever is later. If the employee’s sick/retirement payment exceeds current IRS limits, the remaining monies will be paid in subsequent years, up to the IRS limits. No taxes or FICA will be withheld from the payment, unless required by the IRS. The employee may be required to pay taxes on funds at the time they make withdrawals from the investment vehicle. In the event of the death of the faculty member prior to receipt of the above payment, the payment shall be remitted to the faculty member’s beneficiary on record as of the date of retirement. In the event no beneficiary was on record, the payment shall be made to the estate of the faculty member. Said payment to the beneficiary or estate shall be made according to the above schedule.
Payment of Unused Sick Leave. A. Effective July 1, 1991 and for the term of this Agreement, any Department Chairperson who retires according to the provisions of the T.P.A.F.
Payment of Unused Sick Leave. Upon retirement or separation in “good standing”, the equivalent of one-third (1/3) of the accumulated, unused sick leave shall be paid to an employee, who has completed 5 years of service, subject to a maximum payment of 336.40 hours, one-half (½) after 10 years, subject to a maximum of 504.60 hours, three-quarters (3/4) after 15 years, subject to a maximum of 756.90 hours, and 100% after 20 years to a maximum of 1,009.20 hours. Payment will not be made prior to the employee completing his/her last day of work, but will be paid within two (2) weeks of the separation date. In the event of the death of an employee, his/her designated beneficiary shall receive the above payment for unused sick leave. A member’s estate shall receive 100% of accrued sick leave for a qualified line of duty death.
Payment of Unused Sick Leave. Xxxx leave accrued after July 1, 2003 will be payable upon retirement, redundancy or resignation. Xxxx leave accrued prior to July 1, 2003 will still be accrued, but not payable.
Payment of Unused Sick Leave. 1. Any certificated educator with five (5) years of professional experience in the Sylvania School System will at the date of retirement (retirement is defined as when an employee leaves the Sylvania Schools and receives lifetime income from STRS based on contributions to the retirement system and those of the Board of Education) receive a lump sum payment equivalent to the lesser of his/her accumulated sick leave days or ninety-one days at the employee's current base salary. To be eligible for severance pay, the employee must start receiving retirement benefits from STRS within forty-five (45) days of his/her effective date of resignation for retirement purposes. Severance will include death. In the case of death, severance will be paid to the beneficiary(ies) designated by the employee on the form attached as Appendix H, or if none to the surviving spouse of the employee if permitted by law, or if not permitted by law to be so paid then to the estate of the deceased employee.
2. If feasible from a legal and tax standpoint, the Board shall implement the option for an employee to use or trade severance pay for the purchase of STRS service credit.
