Sick Leave Buy Back Program. Employees covered herein will have the option to receive payoff for unused sick leave under the following conditions:
Sick Leave Buy Back Program. Teachers who have served in the Framingham Public Schools for fifteen (15) years or more will be entitled to a buy-back of unused sick leave time upon retirement according to the following stipulations:
1. The notification of intent to retire be received by the Office of Human Resources no later than the second (2nd) Friday in the February preceding the retirement.
2. The teacher must retire between the end of the school year and the beginning of the next school year.
3. The teacher must have a minimum of one hundred (100) sick days accumulated at the point of retirement.
4. For every sick day beyond one hundred (100), the teacher will be paid the amount of sixty dollars ($60.00) for each unused sick day. For teachers working less than full time at the point of retirement, the daily rate will be prorated. The financial benefit under this Article shall not exceed seven thousand five hundred dollars ($7,500.00) for each teacher who retires. This amount shall increase to nine thousand dollars ($9,000.00) as of September 1, 2009.
5. Payments for Sick Leave Buy Back and/or Orderly Retirement benefits shall be made in three (3) equal annual payments with the first (1st) payment made one (1) year after retirement, and the second (2nd) and third (3rd) payments made on the second (2nd) and third (3rd) anniversary dates of retirement.
6. Retiring teachers who are eligible for this provision as well as the Orderly Retirement Incentive Provision (see Article 50) will be able to access both provisions but the combined financial benefit shall not exceed seven thousand five hundred dollars ($7,500.00) for each teacher who retires. This amount shall increase to nine thousand dollars ($9,000.00) as of September 1, 2009.
Sick Leave Buy Back Program. 39 In January, any eligible employee may exercise an option to receive remuneration for sick 40 leave not used in the previous year at a rate equal to one day's monetary compensation of the 41 employee for each four (4) full days of unused sick leave as long as the employee has sixty 42 (60) days accrued sick leave.
Sick Leave Buy Back Program. After an employee has accrued the maximum of 800 hours of sick leave that City would pay upon separation of employment or retirement, the employee may participate in the sick leave buy-back program. If an employee does not use more than 40-hours of accrued sick leave in a fiscal year, the employee will be eligible to sell back up to 40-hours of accrued sick leave from the 800 hour bank for cash at their current rate of pay. Once the employee opts to sell back sick leave, the 800 hour bank is reduced by the number of hours sold back to the City each fiscal year. Xxxx leave hours accrued after participation in the sick leave buy-back program will be placed in the employee’s sick leave bank for hours that are not reimbursable upon separation. Written notification of the employee’s desire to sell accrued sick leave must be submitted to payroll on or before October 15th of the following year and payment will be made in the first full pay period after November 10th.
Sick Leave Buy Back Program. All employees hired prior to May 1, 1997 will be grandfathered to the current contract language as regards Sick Leave Buy Back. Bargaining unit employees who retire or leave the employment of the library under honorable circumstances and with twenty (20) or more continuous years of service and at age 55 may choose to be paid at their final rate of pay for all accumulated unused sick leave according to the following schedule: Total Hours Available Percentage Less than 400 0% 400-499 50% 500-599 55% 600-699 60% 700-799 65% 800 or more 70% All employees hired from 5/1/97 through 4/30/10 who are at least 55 years of age, with twenty (20) or more years of service as a City employee, shall be paid at their final hourly rate for all accumulated unused sick leave according to the following schedule: Less than 400 Hours 0% Next 100 Hours (400-499) 50% Next 100 Hours (500-599) 55% Next 100 Hours (600-699) 60% Next 100 Hours (700-799) 65% Next 161 Hours (800-960) 70% Employees hired after 4/30/10 are ineligible for sick leave buyback upon retirement or other separation from employment.
Sick Leave Buy Back Program a. At the time of separation from District employment, an eligible employee or the employee's estate shall be entitled, upon written request to Human Resources, to compensation for all unused Sick Leave up to the one-thousand four-hundred forty (1,440) hour maximum at the ratio of 4:1 at his/her straight time hourly rate. Alternatively, if/when the District offers VEBAIII or other qualifying program, the District will discuss such programs with the Union.
b. On or about January 15 of each year, employees may elect to be compensated at the ratio of a rate equal to one (1) day's monetary compensation of the employee for each four (4) full days of accrued Sick Leave in excess of sixty (60) days which was earned but unused during the previous calendar year.
Sick Leave Buy Back Program. Employees who have served in the Framingham Public School System for fifteen (15) years or more will be entitled to buy back unused, accumulated sick leave upon retirement according to the following stipulations.
A. The notification of intent to retire is received by the Assistant Superintendent for Human Resources no later than the second Friday in the February preceding the retirement.
B. The employee must retire between the end of the school year and the beginning of the next school year. This requirement may be waived by the Superintendent.
C. The employee must have a minimum of one hundred (100) sick days accumulated at the point of retirement.
D. For every sick day beyond one hundred (100), the employee will be paid the amount of one hundred dollars ($100) for each unused sick day up to a maximum of seventy (70) days, unless the employee uses more than ten (10) sick days after notification of intent to retire in which case the amount paid will be ninety dollars ($90). However, use of sick days in excess of ten (10) days shall be waived, if used for a medically documented reason.
E. The maximum cap of this benefit is seven thousand dollars ($7,000.00), except that it will remain six thousand dollars ($6,000.00), per employee in the event the Unit T employee uses more than ten (10) sick days after notification of intent to retire.
F. Any payments made under this Article shall be made in three equal annual installments: The first payment will occur on the date of the employee’s retirement; the second payment will occur on the first anniversary of the employee’s retirement; the third payment will occur on the second anniversary of the employee’s retirement.
G. Should a Unit T employee die from the date of their notification and the last day of school, the money owed under this Article shall be paid to their estate unless a beneficiary is designated by the Unit T employee.
Sick Leave Buy Back Program. Employees who have served in the Framingham Public School System for fifteen (15) years or more will be entitled to buy back unused, accumulated sick leave upon retirement according to the following stipulations.
A. The notification of intent to retire is received by the Director of Human Resources no later than the second Friday in the February preceding the retirement.
B. The employee must retire between the end of the school year and the beginning of the next school year. This requirement may be waived by the Superintendent.
C. The employee must have a minimum of one hundred (100) sick days accumulated at the point of retirement.
D. For every sick day beyond one hundred (100), the employee will be paid the amount of ninety dollars ($90.00) for each unused sick day up to a maximum of sixty (60) days, unless the employee uses more than seventeen (17) sick days after notification of intent to retire in which case the amount paid will be eighty ($80.00) dollars.
E. The maximum cap of this benefit is five thousand dollars ($5,000.00), except that it will remain four thousand dollars ($4,000.00), per employee in the event the employee uses more than seventeen (17) sick days after notification of intent to retire.
F. Any payments made under this Article shall be made in three equal annual installments: The first payment will occur on the date of the employee’s retirement; the second payment will occur on the first anniversary of the employee’s retirement; the third payment will occur on the second anniversary of the employee’s retirement.
Sick Leave Buy Back Program. In January, any eligible employee may exercise an option to receive remuneration for sick leave not used in the previous year at a rate equal to one day's monetary compensation of the employee for each four (4) full days of unused sick leave as long as the employee has sixty (60) days accrued sick leave. 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 day's current monetary compensation of the employee for each four (4) days accrued sick leave. Not more than one hundred eighty (180) sick leave days shall be eligible for conversion. At the beginning of each school year, employees may vote whether to receive such remuneration in their pay or in a VEBA account. An employee may use accrued sick leave for an employee or family member, mental or physical illness, injury or health condition; to accommodate for employee’s need for medical diagnosis, care, or treatment of a mental or physical illness, injury, or health condition; or an employee’s need for preventative medical care. A family member includes spouse, domestic partner, parent, parent-in-law, child (regardless of age), grandparent, grandchild, or sibling.
Sick Leave Buy Back Program. Purpose: The purpose of the Sick Leave Buy-Back Program is to encourage employees to make judicious use of their annual sick leave allotment by providing a financial incentive.
1. Must be an active employee of the County of Ocean or on an approved leave of absence without pay.
2. Must not be in calendar year of retirement.
3. Must have been employed by the County of Ocean not less than five (5) full years at the time of application.
4. Must be credited with at least the following number of hours of earned and unused sick leave on December 31st of the year preceding the year during which payments will be made:
