Preservation, Loss, and Retirement Compensation of Earned Sick Leave. An employee upon regular retirement, termination of employment or death shall be paid for all accrued unused sick leave in accordance with the following schedule: Employees hired before 5/1/79: An employee, upon (1) regular retirement or death, (2) disability retirement after at least 20 years of service with the City, or (3) early retirement after at least twenty years of service with the City, shall be paid for up to, but not in excess of 120 days of accrued sick leave earned prior to May 1, 1979 and unused at the time of retirement. Such retiring employee shall also be paid for accrued unused sick leave to his/her credit earned after May 1, 1979 in accordance with the schedule set forth below. For those employees hired after 5/1/79 and before July 1, 1984: accrued but unused sick leave will be cashed out at the employees base hourly rate of pay upon termination according to the following formula: Years of Service Amount to be Paid Less than 10 years of full-time employment None After 10 years of full-time employment 12.5% of accrued unused SL After 15 years of full-time employment 25% of accrued unused SL After 20 years of full-time employment 37.5% of accrued unused SL After 25 years of full-time employment 50% of accrued unused SL Employees hired after July 1, 1984: accrued but unused sick leave will be cashed out at the percentage indicated in the above table, based on years of service, and at the employee’s December 31 hourly rate of pay for the year in which the sick leave was accrued. Upon death of an employee the legal beneficiary shall be paid at the 50% rate.
Preservation, Loss, and Retirement Compensation of Earned Sick Leave. An employee, upon regular retirement or voluntary termination of employment, shall be paid for all accrued unused sick leave in accordance with the following schedule: Years of Service Amount to be Paid Less than 10 years of full-time employment None After 10 years of full-time employment 12.5% of accrued unused SL After 15 years of full-time employment 25% of accrued unused SL After 20 years of full-time employment 37.5% of accrued unused SL After 25 years of full-time employment 50% of accrued unused SL Transit Operators hired after June 1, 2016 are not eligible for sick leave cash out.
Preservation, Loss, and Retirement Compensation of Earned Sick Leave. An employee upon regular retirement, termination of employment or death shall be paid for all accrued unused sick leave in accordance with the following schedule. * Upon the death of an employee the legal beneficiary shall be paid at the 50% rate: Years of Service Amount to be Paid Less than 10 years of full-time employment None After 10 years of full-time employment 12.5% of accrued unused SL After 15 years of full-time employment 25% of accrued unused SL After 20 years of full-time employment 37.5% of accrued unused SL After 25 years of full-time employment 50% of accrued unused SL Employees hired after July 1, 1984: accrued but unused sick leave will be cashed out at the percentage indicated in the above table, based on years of service, and at the employee’s December 31 hourly rate of pay for the year in which the sick leave was accrued. Upon death of an employee the legal beneficiary shall be paid at the 50% rate. Regular Full-Time and Part-Time employees hired after June 1, 2016, and their legal beneficiary, are not eligible for sick leave cash out.
