Sick Leave Buy Back. To encourage and reward employees who maintain good job attendance, the parties agree to the following incentive award: Employees who utilize two (2) sick leave days or less each assigned school calendar year and year-round employees who utilize three (3) sick leave days or less during each assigned school calendar year - upon request – shall receive payment for up to eight (8) days of sick leave, provided the employee worked the full assigned calendar year.* The following procedures apply to the payment of sick leave under this section.
1. An employee must have a minimum of twenty-five (25) days of accumulated sick leave remaining after the payment for unused sick leave under this section.
2. The payment of this incentive shall be paid to eligible employees no later than October 31st of the school year following the school year in which the employee qualified for the incentive pay.
3. For purposes of this section, sick leave shall be defined pursuant to all sections of F.S.1012.61.
4. Days for which such award payment is received shall be deducted from the accumulated leave balance.
5. Payment shall be equal to the number of eligible days times the affected employees daily rate of base pay times eighty percent (80%).
Sick Leave Buy Back a. Employees who retire shall be entitled, upon written request to the SPS's Payroll Services, to compensation for all unused Sick Leave up to the one hundred and eighty (180) day maximum at the ratio of 4:1 at their per diem rate. As allowed by law, the funds will be put into a VEBA account.
b. On or before January 31 or the last business day of January, employees may elect to be compensated at the ratio of 4:1 at their per diem rate for Sick Leave accumulated in excess of sixty (60) days which was earned but unused during the previous calendar year.
c. The continuation of the Sick Leave Buy Back Program is contingent upon maintenance of the authorization in RCW 28A.400.210.
Sick Leave Buy Back. Employees, upon leaving the employ of the Board, shall not be entitled to compensation for accumulated sick leave; provided, however, that any employee who is eligible to retire in accordance with the State Retirement Act (regardless of whether such employee is enrolled in the retirement program under such Act or is enrolled in the Optional Retirement Program established under Chapter 15A, §40) and who, having given the President not less than three (3) months’ advance written notice thereof, does retire shall be paid twenty percent (20%) of the value of his/her unused accumulated sick leave at the time of his/her retirement, which value shall be calculated on the basis of such employee’s rate of pay as it is on the date immediately prior to the date on which his/her retirement has effect. The President, for reasons deemed satisfactory to him/her, may waive the notice required by the preceding proviso. In calculating the daily rate of pay of any member of the bargaining unit, the following formulas shall be used:
Sick Leave Buy Back. To encourage and reward employees who maintain good job attendance, the parties agree to the following incentive award:
1. Employees who utilize two (2) sick leave days or less each assigned school calendar year and year-round employees who utilize three
Sick Leave Buy Back. Employees who have accrued 360 hours of sick leave and who have used less than 5 days during a fiscal year may at the end of that fiscal year sell back up to 8 unused sick leave days:
Subd. 1. On an annual basis up to four (4) sick leave days may be surrendered to the District. In return for those days the individual employee will receive 50% of their daily rate paid as a direct salary payment from July 1 through July 15 of the following school year; and/or;
Subd. 2. On an annual basis up to four (4) sick leave days may be surrendered to the District. In return for those days the individual employee will receive 50% of the employee’s daily rate paid a district approved 403b account.
Sick Leave Buy Back. Employees may cash in unused sick leave above an accumulation of sixty (60) days from the previous year’s accumulation, at a ratio of one full day’s monetary compensation for four (4) accumulated sick leave days. At the employee’s option, they can cash-out their unused sick leave days in January of the school year following any year in which a minimum of sixty (60) days of sick leave is accrued and each January thereafter, at the rate equal to one day’s monetary compensation of the employee for each four (4) full days of accrued sick leave. The employee’s sick leave accumulation shall be reduced four (4) days for each day compensated. No employee may receive compensation for sick leave accumulated in excess of one day per month. At the time of separation from school district employment due to retirement* or death, an eligible employee or the employee’s estate shall receive remuneration at a rate equal to one (1) day’s current monetary compensation of employee for each four (4) days accrued sick leave for illness or injury. (RCW 28A.400.210) *For the purpose of this provision, retirement shall be defined as when an employee is eligible to receive benefits under Washington State Teachers Retirement System (WSTRS).
Sick Leave Buy Back. The University will develop a voluntary program for employees with vested sick leave benefits to receive a one-time cash payment in exchange for non payment of accrued sick leave upon leaving University employment. Employees who enter the program will continue to accrue sick leave for use as paid time off, but will not receive a cash payment for any accrued sick leave upon leaving University employment. Program details, operation, duration and eligibility criteria shall be determined by the University. The Union may request consultation on program details.
Sick Leave Buy Back. To encourage and reward employees who maintain good job attendance, the parties agree to the following incentive award:
1. An employee must have a minimum of twenty-five (25) days of accumulated sick leave remaining after the payment for unused sick leave under this section.
2. The payment of this incentive shall be paid to eligible employees no later than October 31st of the school year following the school year in which the employee qualified for the incentive pay.
3. For purposes of this section, sick leave shall be defined pursuant to all sections of F.S. 1012.61.
4. Days for which such award payment is received shall be deducted from the accumulated leave balance.
5. Payment shall be equal to the number of eligible days times the affected employees’ daily fate of base pay times eighty percent (80%).
Sick Leave Buy Back. On separation in good standing, an employee having a minimum of 480 hours and not more than 952 hours of sick leave accrued shall receive compensation equal to 20% of all days accrued at the employee’s current straight pay rate; an employee having a minimum of 953 hours of sick leave accrued shall receive compensation equal to 40% of all hours accrued at the employee’s current straight pay rate to the maximum amount of 960 hours.
Sick Leave Buy Back. Full time employees having accumulated ten (10) or more of their fifteen (15) sick days for that year, will have the option of being paid five (5) days wages in lieu of carrying over five (5) of their sick days. Any employee wishing to exercise the sick leave buy back option must exercise this option by December 1 of the year in which the requirements have been met. An employee shall make this request in writing to the Payroll/Benefits Manager. Any decision to exercise this option subsequent to December 1 of the year in which the requirements have been met shall not be considered.
