Common use of Retirement Payouts Clause in Contracts

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 27 19 retirement date, the employee may complete and submit to the City 28 20 payroll office a leave conversion form indicating the number of 29 eligible 21 sick, vacation, holiday, and compensatory hours the 30 employee desires to 22 receive in a check as a cash out of the eligible 31 balances. At the date of 23 retirement, 100% of the cash value of any 32 remaining and eligible sick, 24 vacation, holiday, and compensatory 1 balances shall be contributed to the 25 employee’s Health CareCare Savings Account.

Retirement Payouts. No less than two weeks prior to an 12 employee’s 27 retirement date, the employee may complete and 13 submit to the City 28 payroll office a leave conversion form indicating 14 the number of 29 eligible sick, vacation, holiday, and compensatory 15 hours the 30 employee desires to receive in a check as a cash out of 16 the eligible 31 balances. At the date of retirement, 100% of the cash 17 value of any 32 remaining and eligible sick, vacation, holiday, and 18 compensatory 1 balances shall be contributed to the employee’s 19 Health CareCare Savings Account.

Retirement Payouts. No less than two weeks prior to an 27 employee’s 27 retirement date, the employee may complete and 28 submit to the City 28 payroll office a leave conversion form indicating 29 the number of 29 eligible sick, vacation, holiday, and compensatory 1 hours the 30 employee desires to receive in a check as a cash out of 2 the eligible 31 balances. At the date of retirement, 100% of the cash 3 value of any 32 remaining and eligible sick, vacation, holiday, and 4 compensatory 1 balances shall be contributed to the employee’s 5 Health CareCare Savings Account.