Retirement Payouts. No less than two weeks prior to an employee’s 27 retirement date, the employee may complete and submit to the City 28 payroll office a leave conversion form indicating the number of 29 eligible sick, vacation, holiday, and compensatory hours the 30 employee desires to receive in a check as a cash out of the eligible 31 balances. At the date of retirement, 100% of the cash value of any 32 remaining and eligible sick, vacation, holiday, and compensatory 1 balances shall be contributed to the employee’s Health Care
Retirement Payouts. No less than two weeks prior to an employee’s 4 retirement date, the employee may complete and submit to the City 5 payroll office a leave conversion form indicating the number of eligible 6 sick, vacation, holiday, and compensatory hours the employee desires to 7 receive in a check as a cash out of the eligible balances. At the date of 8 retirement, 100% of the cash value of any remaining and eligible sick, 9 vacation, holiday, and compensatory balances shall be contributed to the 10 employee’s Health Care Savings Account.
Retirement Payouts. No less than two weeks prior to an employee’s retirement date, 33 the employee may complete and submit to the City payroll office a leave conversion 34 form indicating the number of eligible sick, vacation, holiday, and compensatory hours 35 the employee desires to receive in a check as a cash out of the eligible balances. At 36 the date of retirement, 100% of the cash value of any remaining and eligible sick, 37 vacation, holiday, and compensatory balances shall be contributed to the employee’s 38 Health Care Savings Account. 1 ARTICLE 23 2 PENSION/RETIREMENT BENEFITS 3 Section 1. Retirement Notification. Employees considering retirement from City 4 employment are required to file a written “notice of intent” to retire ninety (90) days in 5 advance of the employee’s anticipated retirement date. A formal, written commitment 6 to retire, including a specific retirement date, must be provided not less than thirty (30) 7 days in advance of the employee’s retirement date. Such written notices shall be filed 8 with the Director of Public Safety and the Human Resources department. Any and all- 9 time limits may be waived or altered upon the approval of the City Manager, Union 10 President, and a third person, agreed to by both parties, provided extenuating 11 circumstances or life-changing events occur. 12 Section 2. Effective January 1, 1982, the City agrees to allow employees who retire 13 from City employment pursuant to the retirement plan referred to in this Agreement to 14 continue as a participant in the hospital, medical and surgical group; provided, 15 however, that the cost of the required premiums shall be paid in full by the retired 16 employee and remitted to the City in accordance with such procedures as may be 17 established by the City. A Retiree’s opportunity to participate in healthcare benefits 18 shall survive the expiration of this collective bargaining agreement.
