Common use of Retirement Sick Leave Payment Clause in Contracts

Retirement Sick Leave Payment. a. Employees who retire, have any District insurance coverages (life, dental, hospital, surgical, and medical group insurance plan or medicare supplement) as of January 1 of the year preceding the year in which the employee retires, are over fifty-five (55) years of age upon retirement, and are an immediate annuitant of the Wisconsin Retirement Fund 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, dental, hospital, surgical, and medical group insurance plan or medicare supplement then in force for employees until said funds are exhausted. b. Employees who retire, are eligible for district insurance coverages and do not have any district insurance coverages (life, dental, hospital, surgical, and medical group insurance plan or medicare supplement) as of January 1 of the year preceding the year in which the employee retires, are over fifty-five (55) years of age upon retirement, and are an immediate annuitant of the Wisconsin Retirement Fund shall receive the equivalent value of up to ninety percent (90%) of their accumulated unused sick leave credits, 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 provide monthly payments to the employee of up to a maximum of four hundred dollars ($400) per month until said funds are exhausted. (This section has been suspended until further notice per a Memorandum of Understanding.) c. If a retired employee dies and is receiving benefits under Section III-E-2-a or Section III-E- 2-b, his/her spouse or designated family partner (partner provision not applicable unless the IRS deems the provision of such a benefit to be a non-taxable benefit) will continue to receive benefits which are in force at the time of the death of the retired employee until the first of the following occurs: 1. Said funds are exhausted; 2. The spouse/partner elects to discontinue coverage in the District benefits programs; 3. The spouse/partner dies; or 4. The spouse/partner remarries. d.1. Employees who (1) retire; (2) have spouses actively working on the District's staff at the time of retirement; and (3) transfer to their spouse's District coverage may, at the option of the employee, bank their accumulated sick leave until such time as they elect to utilize it or their spouse leaves District employment, whichever occurs first.

Retirement Sick Leave Payment. a. A. Employees who retireretire and who receive Social Security benefits, Wisconsin Retirement Fund annuity payments or other public employment fund annuities, and have any District district insurance coverages (life, dental, hospital, surgical, and medical group health insurance plan or medicare Medicare supplement) as of January 1 of the year preceding the year in which the employee retires, are over fifty-five (55) years of age upon retirement, and are an immediate annuitant of the Wisconsin Retirement Fund 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 lifelife insurance, dentaldental insurance, and the hospital, surgical, and medical group insurance plan or medicare Medicare supplement then in force for employees until said funds are exhausted. b. B. Employees who retire, retire under criteria in A. above and are eligible for district insurance coverages and but do not have any district insurance coverages (life, dental, hospital, surgical, and medical group insurance plan or medicare Medicare supplement) as of January 1 of the year preceding the year in which the employee retires, are over fifty-five (55) years of age upon retirement, and are an immediate annuitant of the Wisconsin Retirement Fund shall receive the equivalent value of up to ninety percent (90%) of their accumulated unused sick leave credits, 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 provide monthly payments to the employee of up to a maximum of four hundred dollars ($400) per month until said funds are exhausted. . C. If an employee who qualifies to retire and receives Social Security benefits or Wisconsin Retirement Fund Annuity payments or other public employment fund annuities, dies prior to retirement (This section i.e. after he/she reaches age 55), or if an employee who is younger than age 55 but has been suspended until further notice per a Memorandum at least fifteen (15) years of Understanding.) c. If a retired employee dies and is receiving benefits under Section III-E-2-a or Section III-E- 2-bemployment with the District dies, his/her then the spouse or designated family partner shall receive the equivalent value of up to ninety percent (partner provision not applicable unless the IRS deems the provision of such a benefit to be a non-taxable benefit90%) will continue to receive benefits which are in force at the time of the death of the retired employee until the first of the following occurs: 1. Said funds are exhausted; 2. The spouse/partner elects to discontinue coverage in the District benefits programs; 3. The spouse/partner dies; or 4. The spouse/partner remarries. d.1. Employees who (1) retire; (2) have spouses actively working on the Districtdeceased employee's staff at the time of retirement; and (3) transfer to their spouse's District coverage may, at the option of the employee, bank their accumulated unused sick leave until such time credits as they elect computed herein. If there is no spouse, then the remaining balance shall revert to utilize it or their spouse leaves District employment, whichever occurs firstthe estate.

Retirement Sick Leave Payment. a. A. Employees who retireretire and who receive Social Security benefits, Wisconsin Retirement Fund annuity payments or other public employment fund annuities, and have any District district insurance coverages (life, dental, hospital, surgical, and medical group health insurance plan or medicare Medicare supplement) as of January 1 of the year preceding the year in which the employee retires, are over fifty-five (55) years of age upon retirement, and are an immediate annuitant of the Wisconsin Retirement Fund 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 lifelife insurance, dentaldental insurance, and the hospital, surgical, surgical and medical group insurance plan or medicare Medicare supplement then in force for employees until said funds are exhausted. b. B. Employees who retire, retire under criteria in A. above and are eligible for district insurance coverages and but do not have any district insurance coverages (life, dental, hospital, surgical, and medical group insurance plan or medicare Medicare supplement) as of January 1 of the year preceding the year in which the employee retires, are over fifty-five (55) years of age upon retirement, and are an immediate annuitant of the Wisconsin Retirement Fund shall receive the equivalent value of up to ninety percent (90%) of their accumulated unused sick leave credits, 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 provide monthly payments to the employee of up to a maximum of four hundred dollars ($400) per month until said funds are exhausted. C. If an employee who qualifies to retire and receives Social Security benefits or Wisconsin Retirement Fund Annuity payments or other public employment fund annuities, dies prior to retirement (i.e. after he/she reaches age 55), or if an employee who is younger than age 55 but has at least fifteen (15) years of employment with the District dies, then the spouse shall receive the equivalent value of up to (90%) of the deceased employee's accumulated unused sick leave credits as computed herein. (This section has been suspended until further notice per a Memorandum of UnderstandingIf there is no spouse, then the remaining balance shall revert to the estate.) c. D. If a retired employee dies after July 1, 1987 and is receiving benefits under Section III-E-2-a or Section III-E- 2-bthis section, his/her spouse or designated family partner (partner provision not applicable unless the IRS deems the provision of such a benefit to be a non-taxable benefit) will continue to receive benefits which are in force at the time of the death of the retired employee under Section 9.08 until the first of the following occurs: 1. Said funds are exhausted; 2. The spouse/domestic partner elects to discontinue coverage in the District benefits benefit programs; 3. The spouse/domestic partner dies; or 4. The spouse/domestic partner remarries. d.1E. 1. Employees who (1) retire; (2) have spouses actively working on the District's staff at the time of retirement; and (3) transfer to their spouse's District coverage may, at the option of the employee, bank their accumulated sick leave until such time as they elect to utilize it or their spouse leaves District employment, whichever occurs first.

Retirement Sick Leave Payment. a. Employees Retirees are defined as benefit eligible employees who retireare over fifty-five (55) years of age upon retirement, have been employed in the District at least ten (10) years and are an immediate annuitant of the Wisconsin Retirement Fund. Retirees who have any District district insurance coverages (life, dental, hospitalhealth insurance, surgical, and medical group insurance plan long-term care or medicare Medicare supplement) as of January 1 of the year preceding the year in which the employee retires, are over fifty-five (55) years of age upon retirement, and are an immediate annuitant of the Wisconsin Retirement Fund retires shall receive the equivalent value of their accumulated unused sick leave credits credits, up to a maximum of two hundred (200) days1550 hours, computed at the employeeeducational assistant's prevailing wage rate plus rate, including any longevity pay pay, in effect at the time of the employeeeducational assistant'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) days1550 hours, computed at the employeeeducational assistant’s prevailing wage rate plus rate, including any longevity pay pay, in effect at the time of the employeeeducational assistant’s retirement. These funds will be utilized to pay the full premium of his/her continued participation in the life, dental, hospitalhealth insurance, surgical, and medical group insurance plan long-term care or medicare Medicare supplement then in force for employees educational assistants until said funds are exhausted. b. Employees Educational assistants who retire, are eligible for district insurance coverages and do not have any district insurance coverages (life, dental, hospital, surgical, and medical group insurance plan or medicare Medicare supplement) as of January 1 of the year preceding the year in which the employee retires, are over fifty-five (55) years of age upon retirement, have been employed in the MMSD at least ten (10) years and are an immediate annuitant of the Wisconsin Retirement Fund shall receive the equivalent value of up to ninety percent (90%) of their accumulated unused sick leave credits, computed at the employee’s educational assistants' prevailing wage rate plus any longevity pay in effect at the time of the employee’s 's retirement. These funds will be utilized to provide monthly payments to the employee of up to a maximum of four hundred dollars ($400) per month until said funds are exhausted. (This section has been suspended until further notice per a Memorandum of Understanding.) c. If a retired employee dies and is receiving benefits under Section III-E-2H-2-a or Section III-E- 2III- H-2-b, his/her spouse or designated family partner (partner provision not applicable unless the IRS deems the provision of such a benefit to be a non-taxable benefit) will continue to receive benefits which are in force at the time of the death of the retired employee until the first of the following occurs: 1. Said funds are exhausted;. 2. The spouse/partner spouse elects to discontinue coverage in the District benefits programs; 3. The spouse/partner dies; or 4. The spouse/partner remarries. d.1. Employees who (1) retire; (2) have spouses actively working on the District's staff at the time of retirement; and (3) transfer to their spouse's District coverage may, at the option of the employee, bank their accumulated sick leave until such time as they elect to utilize it or their spouse leaves District employment, whichever occurs first.

Retirement Sick Leave Payment. a. A. Employees who retireretire and who receive Social Security benefits, Wisconsin Retirement Fund annuity payments or other public employment fund annuities, and have any District district insurance coverages (life, dental, hospital, surgical, and medical group health insurance plan or medicare Medicare supplement) as of January 1 of the year preceding the year in which the employee retires, are over fifty-five (55) years of age upon retirement, and are an immediate annuitant of the Wisconsin Retirement Fund 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 lifelife insurance, dentaldental insurance, and the hospital, surgical, surgical and medical group insurance plan or medicare 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. b. B. Employees who retire, retire under criteria in A. above and are eligible for district insurance coverages and but do not have any district insurance coverages (life, dental, hospital, surgical, and medical group insurance plan or medicare Medicare supplement) as of January 1 of the year preceding the year in which the employee retires, are over fifty-five (55) years of age upon retirement, and are an immediate annuitant of the Wisconsin Retirement Fund shall receive the equivalent value of up to ninety percent (90%) of their accumulated unused sick leave credits, 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 provide monthly payments to the employee of up to a maximum of four hundred dollars ($400) per month until said funds are exhausted. . C. If an employee who qualifies to retire and receives Social Security benefits or Wisconsin Retirement Fund Annuity payments or other public employment fund annuities, dies prior to retirement (This section i.e. after he/she reaches age 55), or if an employee who is younger than age 55 but has been suspended until further notice per a Memorandum at least fifteen (15) years of Understanding.) c. If a retired employee dies and is receiving benefits under Section III-E-2-a or Section III-E- 2-bemployment with the District dies, his/her then the spouse or designated family partner shall receive the equivalent value of up to (partner provision not applicable unless the IRS deems the provision of such a benefit to be a non-taxable benefit90%) will continue to receive benefits which are in force at the time of the death of the retired employee until the first of the following occurs: 1. Said funds are exhausted; 2. The spouse/partner elects to discontinue coverage in the District benefits programs; 3. The spouse/partner dies; or 4. The spouse/partner remarries. d.1. Employees who (1) retire; (2) have spouses actively working on the Districtdeceased employee's staff at the time of retirement; and (3) transfer to their spouse's District coverage may, at the option of the employee, bank their accumulated unused sick leave until such time credits as they elect computed herein. If there is no spouse, then the remaining balance shall revert to utilize it or their spouse leaves District employment, whichever occurs firstthe estate.