Common use of Retirement Payouts Clause in Contracts

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 4 7 retirement date, the employee may complete and submit to the City 5 8 payroll office a leave conversion form indicating the number of eligible 6 9 sick, vacation, holiday, and compensatory hours the employee desires to 7 10 receive in a check as a cash out of the eligible balances. At the date of 8 11 retirement, 100% of the cash value of any remaining and eligible sick, 9 12 vacation, holiday, and compensatory balances shall be contributed to the 10 13 employee’s Health Care Savings Account.

Retirement Payouts. No less than two weeks prior to an employee’s 4 retirement date, 7 the employee may complete and submit to the City 5 Employer payroll office a leave 8 conversion form indicating the number of eligible 6 sick, vacation, holiday, and 9 compensatory hours the employee desires to 7 receive in a check as a cash out of the 10 eligible balances. At the date of 8 retirement, 100% of the cash value of any remaining 11 and eligible sick, 9 vacation, holiday, and compensatory balances shall be contributed to 12 the 10 employee’s Health Care Savings Account.. 13 ARTICLE 23‌