Common use of Retirement Sick Leave Payment Clause in Contracts

Retirement Sick Leave Payment. A. Employees who retire and who receive Social Security benefits, Wisconsin Retirement Fund annuity payments or other public employment fund annuities, and have any district insurance coverages (life, dental, group health insurance plan or Medicare supplement) shall receive the equivalent value of their accumulated unused sick leave credits up to a maximum of two hundred (200) days, computed at the employee's prevailing wage rate plus any longevity pay in effect at the time of the employee's retirement. Employees who meet the eligibility standards set forth above shall also receive the equivalent value of fifty percent (50%) of their accumulated sick leave credits in excess of two hundred (200) days, computed at the employee’s prevailing wage rate plus any longevity pay in effect at the time of the employee’s retirement. These funds will be utilized to pay the full premium of his/her continued participation in the life insurance, dental insurance, and the hospital, surgical, and medical group insurance plan or Medicare supplement then in force for employees until said funds are exhausted.

Retirement Sick Leave Payment. A. Employees who retire and who receive Social Security benefits, Wisconsin Retirement Fund annuity payments or other public employment fund annuities, and have any district insurance coverages (life, dental, group health insurance plan or Medicare supplement) shall receive the equivalent value of their accumulated unused sick leave credits up to a maximum of two hundred (200) days, computed at the employee's prevailing wage rate plus any longevity pay in effect at the time of the employee's retirement. Employees who meet the eligibility standards set forth above shall also receive the equivalent value of fifty percent (50%) of their accumulated sick leave credits in excess of two hundred (200) days, computed at the employee’s prevailing wage rate plus any longevity pay in effect at the time of the employee’s retirement. These funds will be utilized to pay the full premium of his/her continued participation in the life insurance, dental insurance, and the hospital, surgical, and medical group insurance plan or Medicare supplement then in force for employees until said funds are exhausted. * 12.02 B - The parties agree to suspend this provision by Memorandum of Understanding.

Retirement Sick Leave Payment. A. Employees who retire and who receive Social Security benefits, Wisconsin Retirement Fund annuity payments or other public employment fund annuities, and have any district insurance coverages (life, dental, group health insurance plan or Medicare supplement) shall receive the equivalent value of their accumulated unused sick leave credits up to a maximum of two hundred (200) days, computed at the employee's prevailing wage rate plus any longevity pay in effect at the time of the employee's retirement. Employees who meet the eligibility standards set forth above shall also receive the equivalent value of fifty percent (50%) of their accumulated sick leave credits in excess of two hundred (200) days, computed at the employee’s prevailing wage rate plus any longevity pay in effect at the time of the employee’s retirement. These funds will be utilized to pay the full premium of his/her continued participation in the life insurance, dental insurance, and the hospital, surgical, surgical and medical group insurance plan or Medicare supplement then in force for employees until said funds are exhausted.

Retirement Sick Leave Payment. A. Employees who retire and who receive Social Security benefits, Wisconsin Retirement Fund annuity payments or other public employment fund annuities, and have any district insurance coverages (life, dental, group health insurance plan or Medicare supplement) shall receive the equivalent value of their accumulated unused sick leave credits up to a maximum of two hundred (200) days, computed at the employee's prevailing wage rate plus any longevity pay in effect at the time of the employee's retirement. Employees who meet the eligibility standards set forth above shall also receive the equivalent value of fifty percent (50%) of their accumulated sick leave credits in excess of two hundred (200) days, computed at the employee’s prevailing wage rate plus any longevity pay in effect at the time of the employee’s retirement. These funds will be utilized to pay the full premium of his/her continued participation in the life insurance, dental insurance, and the hospital, surgical, surgical and medical group insurance plan or Medicare supplement then in force for employees until said funds are exhausted. * 9.08 B – The parties agree to suspend this provision by Memorandum of Understanding.