Sick Day Buy Back. In order to be eligible to receive sick leave buy back upon retirement, the member cannot retire anytime other than the end of the school year. Depending on when the employee notifies the District of his/her intent to retire, he/she may receive this benefit in the June of their final year, or by June of the year following retirement. Educators must have accumulated a minimum of fifteen (15) years of service in the Auburn Public Schools and retire prior to age sixty-five (65). □ Early Separation Incentive – (Effective in the last school year prior to retirement with notification in the previous school year) Members choosing to end employment in the Auburn School System and eligible to receive less than eighty (80%) percent and more than sixty (60%) according to the Teacher Retirement Option A Table, shall receive twelve (12%) of the last year’s base salary. The number of qualified members receiving this early separation in any one school shall be a maximum of four (4). Signed, Employee Signature Employee Name (please print) Date Superintendent’s Signature Date (A copy of this signed document will be returned to the teacher for his/her file.) ***************************************************************************************************************************** FOR OFFICE USE ONLY Start date: Years of Service: DOB:
Sick Day Buy Back a. Teachers who retire under the Massachusetts Teachers’ Retirement System shall, after retirement, be paid for up to 180 accumulated unused sick days in accordance with the following formula: (Number of Sick Days) x (Final Year’s per diem Salary Rate) x 5%. Payment for up to 180 accumulated unused sick days will be paid no later than July 30th of the fiscal year after retirement if notification of said retirement is submitted to the Superintendent by December 1st.
Sick Day Buy Back. The sick day buy back benefit was phased out/eliminated on January 8th, 2013. Administrators employed in the Claremont School District as of that date will receive the sick day buy back benefit as outlined in Appendix B of the contract. Administrators hired after January 8, 2013 are not eligible for the sick day buy back benefit. Payment of the sick day buy back benefit will be distributed during the final year of administrative service to the District. Notification will be made by the retiring administrator 18 months prior to retirement. In the event of catastrophic disability, the 18 month notification period will be waived.
Sick Day Buy Back. SICK DAY BUY BACK When a teacher retires he/she shall be entitled to payment for accumulated unused sick leave at a rate of sixty-five dollars ($65) for each day of accumulated sick leave up to a maximum of three hundred (300) days equaling nineteen thousand five hundred dollars ($19,500). When a licensed teaching assistant or the coordinator of health services retires, the teaching assistant or coordinator shall receive payment for accumulated unused sick leave at a rate of thirty-two dollars and fifty cents ($32.50) for each day of accumulated unused sick leave up to a maximum of three hundred (300) days equaling nine thousand seven hundred and fifty dollars ($9,750). The payment will be made as part of the salary in the fiscal year of retirement. (See Retirement Benefit Form, Appendix A.)
Sick Day Buy Back. The District shall make a contribution in an amount equal to fifty dollars ($50.00) times the number of accumulated sick leave days into the §403(b) IRC tax sheltered annuity account of any unit member who has accumulated sick leave days upon retirement from the District to receive benefits from the NYSTRS. The contribution will be non-elective, with no cash option available to the employee. Entitlement to this benefit is conditioned upon the teacher giving notice of retirement to the Business Office on or before the first workday in February of the year of retirement, or no later than six
Sick Day Buy Back. If a bargaining unit employee uses five (5) or less sick days or equivalent leave during the school year, and maintains a sick bank of at least twenty-five (25) days, the employee may sell back up to five (5) sick days at the end of the school year at fifty percent (50%) of their per diem rate. The days the employee sells back to the District will not go into the employee’s sick day bank accumulation.
Sick Day Buy Back. The sick day buy back benefit was phased out/eliminated on January 8th, 2013. Administrators employed in the Claremont School District as of that date will receive the sick day buy back benefit as outlined in Appendix B of the contract. Administrators hired after January 8, 2013 are not eligible for the sick day buy back benefit.
Sick Day Buy Back. A. For Teachers hired by the District prior to July 1, 2013 reimbursement for accumulated sick days shall be paid when a teacher resigns from the District at the rate of one (1) day's pay for every two (2) days of accumulated sick days. The maximum number of accumulated sick days for this payment is two hundred (200) days. Payment for accumulated sick days shall be calculated on a daily rate of 1/182ndof the teacher's annual salary at the time of resignation. These days shall not be paid in accordance with a case of discharge for cause.
Sick Day Buy Back. Upon leaving the District after ten (10) years of service a teacher shall be reimbursed at the current rate of the professional substitute’s pay for each day of unused accumulated sick leave. Payment will be made in July of the succeeding fiscal (budget) year.
Sick Day Buy Back. All Educational Assistants employed prior to June 30, 1995 will be eligible for the sick day buy- back benefit. Sick day buy-back shall be at Twenty-Five Dollars ($25.00) per unused day after a minimum of twenty (20) years of service in the Southbridge Public Schools immediately upon retirement from such service. This emphatically means: Resignation is not applicable. EDUCATIONAL ASSISTANTS HIRED AFTER JUNE 30, 1995 ARE NOT ELIGIBLE FOR SICK-DAY BUY-BACK.
