Sick Leave Buy Out. An employee who has seven (7) employment years or more of service with the College may elect at the time of retirement from active service under the Retirement System Law (SERS/STRS) to be paid in cash for one-fourth (1/4) of the value of his/her accrued but unused sick leave credit. Such payment shall be considered to eliminate all sick leave credit accrued at that time. The maximum payment which may be made under this provision shall be one-fourth (1/4) of two hundred (200) days.
Sick Leave Buy Out. At the end of any school year (June 30) an employee who has not used more than three (3) sick leave days that school year and who has sixty (60) or more accumulated unused sick leave days may exercise the option to receive payment from the District equal to the value of 80% of any unused days earned during that school year. An eligible employee who applies for a cash pay-out will receive a gross payment equal to the employee’s daily rate of pay on the employee’s last regular employment day of that school year times 80% of the number of unused sick leave days earned that school year. It is understood that this payment shall be subject to all legal withholdings and is not tax sheltered. The above option may be exercised by the employee if he/she has accumulated sixty (60) or more days of unused sick leave at the end of any school year (June 30) and has not used more than three (3) sick leave days that school year as set forth above.
Sick Leave Buy Out. 7.3.7-1 Upon retirement from the teaching profession, a teacher who has served his district for a minimum of 15 years and has reached the age of 55, shall be entitled to compensation for unused sick days. This will be at a rate of fifty ($50.00) dollars per unused sick day, subject to the maximum accrual allowed in paragraph 7.
3.1. The maximum liability to the Board per eligible teacher will not exceed $50 multiplied by the number of days in the teacher’s contract year. The benefit will be paid in three equal annual installments starting on the fifteenth of January of the year following retirement, or on a different schedule if mutually agreed upon by the Superintendent and teacher.
7.3.7-2 The following additional terms must be met in order for a teacher to receive the sick leave buyout:
(1) The teacher shall submit a formal letter of resignation to the Superintendent no later than the first scheduled work day in January of the teacher’s final contract year. Specifically, the teacher shall: one, call or e- mail the LNSU H.R. Director by this date that the letter of resignation has been or will be submitted; and two, hand-deliver the letter by this date to the Central Office during C.O. work hours, OR, mail the letter so that it is postmarked no later than December 31. Once the letter is submitted, the teacher will no longer be entitled to a contract for the following school year, except as provided for in (2) below.
(2) In the case of a major and unforeseeable change in personal life circumstances after a teacher has submitted a letter of resignation, such as death or serious disability of a spouse, a teacher may ask the Board to rescind the letter of resignation. The Board shall have the sole discretion to grant or deny the teacher’s request. If the request is granted, then the teacher shall be issued a contract consistent with all applicable terms of this Agreement. The Board’s decision shall be final and shall not be grievable under Article XV.
(3) A teacher who elects to retire without submitting a letter of resignation under the terms of (1) above shall not be entitled to any payment for unused sick leave upon retirement.
Sick Leave Buy Out. In recognition of years of service to the district, and at retirement, any employee who has served the district for a period of at least 20 consecutive years will be granted a one time payment equal to $25.00 times the number of accumulated sick leave days up to the maximum number of days provided in this contract. The employee must notify the board on or before November 1st of the year prior to the school year of retirement.
Sick Leave Buy Out. At the close of the calendar year an employee may request the Employer to compensate said employee for unused sick leave accumulated under this Agreement, subject to the following:
A. Said employee shall have used no more than two (2) sick days in the calendar year.
B. Said employee shall notify the Sheriff of such election no later than January 10. If said employee makes such a request, one-half (½) of said employee's unused sick leave accumulated during the year shall be repurchased by the Employer at one-half (½) the rate of pay when said sick leave was earned.
Sick Leave Buy Out. A. Employees may at their option, elect to sell back three (3) days at one hundred percent (100%) of their current rate of pay to be payable in the first pay period of each December. Employees may at their option, elect to sell back an additional three (3) days at 100% of their current rate of pay if they maintain at least 240 hours in their sick bank after the buyout of the initial three (3) days.
Sick Leave Buy Out. Unused sick leave accrued from any California public school district may be used to enhance service credit for PERS retirement benefits, according to Education Code and PERS rules and regulations. Instead of applying unused sick leave to PERS credit, a unit member may select 1 of the following options:
14.3.1 The unit member who has completed 5 years of service in the District may receive a 1- time cash pay-out of 25% of his/her unused sick leave accrued during service in the District up to $600. This pay-out will be made at the time of separation from the District.
14.3.1.1 This buy-out is not available to any unit member who is terminated or resigns in lieu of termination.
14.3.2 An employee who is separating from the District to work in a different school district may choose to transfer his or her accrued sick leave to the new district as provided in the Education Code.
Sick Leave Buy Out. Any support staff employee covered by the bargaining units who has ten (10) years of continuous service with the same employer, inclusive of bona fide leaves of absence, and who has attained the age of 55, upon employment termination (except for misconduct or poor job performance) shall be paid for accrued unused sick leave according to the following formula: fifty dollars ($50.00) will be paid for each unused sick day to a maximum payment of $7,500. Payment will be made to the employee or his estate in three equal installment s, the first due within 60 days of the employee’s departure and the remaining two on the first and second anniversary of termination. This is a once-in- a-lifetime benefit and may not be repeated if a former employee who has received this payment is subsequently rehired.
A. Employee shall submit a formal letter of resignation to the Superintendent no later than the first scheduled work day in January of the employee’s final contract year. Specifically, the employee shall: one, call or e-mail the LNSU HR Director by this date that the letter of resignation has been or will be submitted; and two, hand-deliver the letter by this date to the Central Office during C.O. work hours, OR, mail the letter so that it is postmarked no later than December 31. Once the letter is submitted, the employee will no longer be entitled to a contract for the following school year, except as provided in (B) below.
B. In the case of a major and unforeseeable change in personal life circumstances after an employee has submitted a letter of resignation, such as death or serious disability of a spouse, an employee may ask the Board to rescind the letter of resignation. The Board shall have the sole discretion to grant or deny the employee’s request. If the request is granted, then the employee s hall be issued a contract consistent with all applicable terms of this Agreement. The Board’s decision shall be final and shall not be grievable under Article IV.
C. An employee who elects to resign without submitting a letter of resignation under the terms of (A) above shall have to wait o ne year from the date of retirement for initial payment.
Sick Leave Buy Out. Every two (2) years beginning in 2019-2020 a teacher may trade in twenty (20) sick days for the use of (2) PTO days. A minimum of eighty (80) sick days are required in order to participate. If a teacher opted to use this option in 2019-2020, they would not be eligible again until 2021-2022.
Sick Leave Buy Out. The School District shall, upon receiving notice of a Teacher’s intent to exit the School District at the end of the current contract year, compensate the exiting Teacher for some or all of her/his accumulated sick leave. Compensation paid pursuant to this Section 12.5 shall be calculated at the rate of 0.0036 x annual base salary established pursuant to Section 12.1 for each accumulated sick leave day and shall be made in the form of a cash payment to the Teacher (this compensation is not eligible as TRS termination pay). To be eligible for compensation pursuant to this Section 12.5, a Teacher must submit a fully executed and signed Request for Sick Leave Buy Out (form attached hereto as Appendix E) no later than May 1 of the current school year. If due to extenuating circumstances a Teacher xxxxxx employment with the District after the final day of the school year, any unused sick leave will be compensated as stated in this Section 12.5. Compensation pursuant to this Section 12.5 shall be paid prior to the end of the school year. Upon payment of compensation pursuant to this Section 12.5, the Teacher’s accumulated sick leave balance shall be reduced by an amount equal to with the number of days paid. At the end of the school year an exiting Teacher may be compensated for any remaining accumulated sick leave days pursuant to Section 12.6. In no event however, shall compensation be paid more than once pursuant to this contract for any single accumulated sick leave day.
