Common use of Retirement, Disability or Death Clause in Contracts

Retirement, Disability or Death. 24 Those nurses hired before August 1, 1999 who at the time of retirement, are 25 fully qualified to receive Oregon Public Employees Retirement System 26 (PERS) benefits shall have the option to receive payment of up to three- 27 fourths (3/4) of their accumulated sick leave in cash, and their remaining 28 accumulated sick leave shall be used to calculate their final average salary 29 for retirement benefits by PERS in accordance with the provisions of any 30 applicable statues. 32 Nurses hired on or after August 1, 1999 shall have the option to receive 33 payment of up to one-half (½) of their accumulated sick leave in cash, and 34 their remaining accumulated sick leave shall be used to calculate their final 1 average salary for retirement benefits by PERS in accordance with the 2 provisions of any applicable statues. 4 In case of an employee's death or permanent disability, the nurse or their 5 designated beneficiary shall receive full payment for all accrued sick leave.

Retirement, Disability or Death. 24 Those nurses hired before August 1, 25 1999 who at the time of retirement, are 25 fully qualified to receive Oregon Public 26 Employees Retirement System 26 (PERS) benefits shall have the option to receive 27 payment of up to three- 27 three-fourths (3/4) of their accumulated sick leave in cash, and 28 their remaining 28 accumulated sick leave shall be used to calculate their final average 29 salary 29 for retirement benefits by PERS in accordance with the provisions of any 30 applicable statues. 32 Nurses hired on or after August 1, 1999 shall have the option to receive 33 payment of 33 up to one-half (½) of their accumulated sick leave in cash, and 34 their remaining accumulated sick leave shall be used to calculate their final 1 average salary for 2 retirement benefits by PERS in accordance with the 2 provisions of any applicable 3 statues. 4 5 In case of an employee's death or permanent disability, the nurse or their 5 his/her 6 designated beneficiary shall receive full payment for all accrued sick leave.

Retirement, Disability or Death. 24 Those nurses hired before August 1, 1999 26 who at the time of retirement, are 25 fully qualified to receive Oregon Public Employees 27 Retirement System 26 (PERS) benefits shall have the option to receive payment of up to three- 27 28 three-fourths (3/4) of their accumulated sick leave in cash, and their remaining 28 29 accumulated sick leave shall be used to calculate their final average salary 29 for retirement 30 benefits by PERS in accordance with the provisions of any 30 applicable statues. 32 Nurses hired on or after August 1, 1999 shall have the option to receive 33 payment of up to 33 one-half (½) of their accumulated sick leave in cash, and 34 their remaining accumulated sick 1 leave shall be used to calculate their final 1 average salary for retirement benefits by PERS 2 in accordance with the 2 provisions of any applicable statues. 4 In case of an employee's death or permanent disability, the nurse or their his/her designated 5 designated beneficiary shall receive full payment for all accrued sick leave.