Retirement-Sick Leave Benefit. Upon retirement from this district (as determined by the N.J.T.P.A.F.) an administrator will be reimbursed for unused sick leave with a limit of 175 days if he or she had accumulated a minimum of 120 sick days. Payment shall be at the following rates: 2003/2004 $70.00 per day 2004/2005 $75.00 per day 2005/2006 $80.00 per day
Retirement-Sick Leave Benefit. Administrators: Upon retirement from this district (as determined by the N.J.T.P.A.F.) an administrator will be reimbursed for unused sick leave with a limit of 150 days if he or she has accumulated a minimum of 120 sick days. Payment shall be at the following rates: $100 per day. Maximum reimbursement will be $15,000. Supervisors: Upon retirement from this district (as determined by the N.J.T.P.A.F.) a supervisor will be reimbursed for unused sick leave with a limit of 150 days if he or she has accumulated a minimum of 100 sick days. The supervisor must have had at least ten (10) years of service in the school district prior to retirement. Payment shall be at the following rates: $100 per day. Maximum reimbursement will be $15,000. Vacation
Retirement-Sick Leave Benefit. Upon retirement from the district, a Central Administrator will be reimbursed for unused sick leave. Payment shall be based on 72% for 2006-2007; 72% for 2007-2008; 72% for 2008-2009 and 72% for 2009-2010 of the per diem. Any Central Administrator hired after July 1, 2006, would not be eligible for sick time per diem buyout to exceed 50%. The per diem rate shall be calculated on a twelve (12)-month basis or two hundred forty (240) days per year. Reimbursement will be made over a period of three
Retirement-Sick Leave Benefit. Upon retirement, a full-time twelve-month work year unit member shall receive a cash payment for unused sick days up to a maximum of two hundred (200) days, as specified in this contract, equal to nine (9%) percent of his/her average per diem salary for the last five (5) years (notwithstanding the foregoing, the percentage shall be l5% for unit members who are members of the NYS Teachers' Retirement System - Tier l). Upon retirement, a full-time ten-month work year unit member shall receive a cash payment for unused sick days up to a maximum of one hundred eight-five (185) days, as specified in this contract, equal to nine (9%) percent of his/her average per diem salary for the last five (5) years. For purposes of this provision only, the per diem calculation for Chairpersons shall be based on one hundred eighty (180) days and for Administrative Staff persons two hundred (200) days. Full-time unit members who otherwise resign or terminate their employment with the College are not eligible for this benefit. To be eligible for this retirement benefit, a full-time unit member must be at least fifty-five
