Common use of RETIREMENT AND DEATH BENEFITS Clause in Contracts

RETIREMENT AND DEATH BENEFITS. Any member of the Fort Dodge Police Department retiring on service with twenty-two (22) years of service with City of Fort Dodge Police Department or disability retirement will be entitled to pay for his unused vacation period and holiday period and 60% of accumulated sick leave up to maximum of twelve hundred (1200) hours (.6 x 1200 maximum = 720 hours maximum paid). In the event of the death of a member of the Police Department covered by this agreement, his estate will be paid his unused accrued vacation. Life insurance on each officer will be $20,000. The definition of retirement shall be construed pursuant to Chapters 400 and 411 of the Code of Iowa.

RETIREMENT AND DEATH BENEFITS. Any member of the Fort Dodge Police Department retiring on service with twenty-twenty two (22) years of service with City of Fort Dodge Police Department or disability retirement will be entitled to pay for his unused vacation period and holiday period and 60% of accumulated sick leave up to maximum of twelve hundred (1200) 1200 hours (.6 x 1200 maximum = 720 hours maximum paid). In the event of the death of a member of the Police Department covered by this agreement, his estate will be paid his unused accrued vacation. Life insurance on each officer will be $20,000. The definition of retirement shall be construed pursuant to Chapters 400 and 411 of the Code of Iowa.