Common use of Sick Leave Benefit Policy Clause in Contracts

Sick Leave Benefit Policy. Employees who are eligible to receive a retirement, disability retirement or death benefits under the Wisconsin Department of Employee Trust Fund - Wisconsin Retirement System shall be paid fifty percent (50%) of the employee's accumulated sick leave as severance pay. Maximum number of accumulated sick leave days shall be one hundred twenty (120). The value of the accumulated sick leave shall be computed at the regular hourly rate in effect at the date of retirement or death, excluding shift differential or any other additions to the regular hourly rate. In case of death of the employee, the payment shall be made to the surviving spouse, or if no surviving spouse, payment shall be made to the employee's estate. The remaining fifty percent (50%) of the employee's accumulated sick leave shall be credited to pay monthly premiums for continued coverage for the employee under the City's group health and dental insurance plan. Said credits will be applied monthly until exhausted. If the retiree dies, or death of the employee occurs, prior to expending accumulated sick leave credits, the amount shall be applied to the monthly contribution for the City's group health insurance plan continuance for a surviving spouse, until all credits are exhausted. The City incurs no liability at anytime, nor does the City incur any liability to maintain any particular benefit level. All deductibles set out in any City group health insurance covering an employee shall be the responsibility of the retiring employee or surviving spouse.

Sick Leave Benefit Policy. Employees who are eligible to receive a retirement, disability retirement or death benefits under the Wisconsin Department of Employee Trust Fund - Wisconsin Retirement System shall be paid fifty percent (50%) of the employee's accumulated sick leave as severance pay. Maximum number of accumulated sick leave days shall be one hundred twenty (120). The value of the accumulated sick leave shall be computed at the regular hourly rate in effect at the date of retirement or death, excluding shift differential or any other additions to the regular hourly rate. In case of death of the employee, the payment shall be made to the surviving spouse, or if no surviving spouse, payment shall be made to the employee's estate. The remaining fifty percent (50%) of the employee's accumulated sick leave shall be credited to pay monthly premiums for continued coverage for the employee under the City's group health and dental insurance plan. Said Xxxx credits will be applied monthly until exhausted. If the retiree dies, or death of the employee occurs, prior to expending accumulated sick leave credits, the amount shall be applied to the monthly contribution for the City's group health insurance plan continuance for a surviving spouse, until all credits are exhausted. The City incurs no liability at anytime, nor does the City incur any liability to maintain any particular benefit level. All deductibles set out in any City group health insurance covering an employee shall be the responsibility of the retiring employee or surviving spouse.