Common use of Sick Day Buy Back Clause in Contracts

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. b. Part-time teachers are eligible for payments in accordance with the above schedule on a pro-rata basis. c. Sick Leave Buy Back will not be available for any members hired after September 1, 2019.

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. b. Part-time teachers are eligible for payments in accordance with the above schedule on a pro-rata basis. c. Sick Leave Buy Back will not be available for any members hired after September 1, 2019.