Retirement Buy Back. It is the intent of the City that the Retirement System shall continue to authorize the pre-tax buyback of pension credits by qualified members.
Retirement Buy Back. For employees who wish to purchase previous temporary and/or contract San Xxxxxxx County service under the provisions of Government Code Section 31641.5, the County shall assume responsibility for 50% of the amount of the contribution the employee is required to pay in order to be credited with such service. The amount assumed by the County shall not become part of the employee’s accumulated contributions and shall not be considered compensation for purposes of contributions to, or benefits from the San Xxxxxxx County Retirement Association.
Retirement Buy Back. Sick leave accrued prior to October 19, 2009, and not (1) banked pursuant to paragraph 1 above; (2) bought back or deposited in the MPPP pursuant to paragraph 2 above; (3) converted to PERS creditable sick leave pursuant to paragraph C above; or (4) used pursuant to paragraph E below, shall be available for use as a Retirement Buy-Back Incentive. Employees leaving District service on a service retirement shall be paid fifty percent (50%) of this accrued sick leave balance upon the effective date of service retirement. This accrued sick leave shall not be included in the calculation of unused sick leave pursuant to paragraph B above or Government Code Section 20965.
Retirement Buy Back. An employee who retires from the Village and has been granted a retirement benefit from the New York State Employees’ Retirement System may elect to receive cash payment for up to one-tenth of the employee’s accumulated sick leave. For example, an employee who has accumulated the maximum of sixteen hundred hours may sell-back up to one hundred and sixty hours. Payment will be at the employee’s rate of pay at the time of retirement.
Retirement Buy Back. An employee hired before April 1, 1998 who retires from the Town and has applied for and been granted a retirement benefit from the New York State Employees’ Retirement System may elect to receive cash payment for up to fifty percent (50%) of the employee’s accumulated sick leave credits up to a maximum of 800 hours at the employees current rate of pay. For example, an employee who has. accumulated two hundred and forty hours may sell-back up to one hundred and twenty hours. Payment will be made in a lump sum check at the employee’s rate of pay at the time of retirement. An employee hired on or after April 1,1998 but before February 8, 2011 who retires from the Town and has applied for and been granted a retirement benefit from the New York State Employees’ Retirement System may elect to receive cash payment for up to twenty-five percent (25%) of the employee’s accumulated sick leave credits up to a maximum of 800 hours at the employees current rate of pay. For example, an employee who has accumulated two hundred and forty hours may sell-back up to sixty hours. Payment will be made in a lump sum check at the employee’s rate of pay at the time of retirement. 2018-2019 12 An employee hired after February 8, 2011 who retires from the Town and has applied for and been granted a retirement benefit from the New York State Employees’ Retirement System may elect to receive cash payment for up to ten percent (10%) of the employee’s accumulated sick leave credits up to a maximum of 800 hours at the employees current rate of pay. For example, an employee who has accumulated two hundred and forty hours may sell-back up to twenty-four hours. Payment will be made in a lump sum check at the employee’s rate of pay at the time of retirement.
Retirement Buy Back. It is the intent of the SFMTA that the Retirement System shall continue to authorize the pre-tax buyback of pension credits by qualified members.
Retirement Buy Back. Upon separation for any reason from the Employer, a full- time employee and the employee’s beneficiaries, as the case may be, shall be paid for all unused sick leave accumulation at the rate of pay in effect at the time in the following manner:
Retirement Buy Back. An employee who retires from the Town and has applied for and been granted a retirement benefit from the New York State Employees’ Retirement System may elect to receive cash payment for up to one-hundred eighty (180) days prorated at 50% of current salary at retirement, which in no event may exceed twelve thousand dollars ($12,000).
Retirement Buy Back. An employee who retires from the Town and has applied for and been granted a retirement benefit from the New York State Employees’ Retirement System may elect to receive cash payment for those unused sick leave credits accumulated prior to January 1, 1997 at one hundred percent (100%) of the employee’s rate of pay at the time of retirement and for those unused sick leave credits accumulated since January 1, 1997 at fifty percent (50%) of the employee’s rate of pay at the time of retirement.
Retirement Buy Back. To encourage employees to maintain maximum attendance and improve performance the following incentive is offered: Employees leaving District service on a service retirement or service disability retirement shall be paid fifty percent (50%) of their accrued sick leave balance upon the effective date of service retirement. Should an employee die prior to retirement, the employee's designated beneficiary shall receive fifty percent (50%) of the employee's accrued sick leave balance at the employee's straight time rate of pay in effect at the time of death.
