Sick Leave Cash Out. Eligible employees may elect to receive monetary compensation for accrued sick leave as follows: In January of each year an employee whose sick leave balance at the end of the previous year exceeds four hundred eighty (480) hours may elect to convert the sick leave hours earned in the previous calendar year, minus those hours used during the year, to monetary compensation. No sick leave hours may be converted which would reduce the calendar year end balance below four hundred eighty (480) hours. Monetary compensation shall be paid at the rate of twenty-five percent and shall be based on the employee’s current salary. All converted hours will be deducted from the sick leave balance. Employees who separate from University service due to retirement or death shall be compensated for the unused sick leave accumulation from the date of most recent hire in a leave eligible position with the State of Washington at the rate of 25%. Compensation shall be based upon the employee’s wage at the time of separation. For the purpose of this section, retirement shall not include vested out of service employees who leave funds on deposit with the retirement system. Former eligible employees who are re-employed within three (3) years of their separation from service shall be granted all unused sick leave credits, if any, to which they are entitled at time of separation.
Sick Leave Cash Out. (1) Employees shall be eligible to receive monetary compensation for accrued sick leave as follows:
(a) In January of each year, and at no other time an employee whose year-end sick leave balance exceeds 480 hours may choose to convert sick leave hours earned in the previous calendar year minus those used during the year to monetary compensation.
(i) No sick leave hours may be converted which would reduce the calendar year- end balance below 480 hours.
(ii) Monetary compensation for converted hours shall be paid at the rate of 25% and shall be based upon the employee’s current salary.
(iii) All converted hours will be deducted from the employee’s sick leave balance.
(b) Employees who separate from state service on or after September 1, 1979, due to retirement or death shall be compensated for their unused sick leave accumulation at the rate of 25%. Compensation shall be based upon the employee’s salary at the time of separation. For the purpose of this subsection, retirement shall not include “vested out-of-service” employees who leave funds on deposit with the retirement system.
(2) Compensation for unused sick leave shall not be used in computing the retirement allowance; therefore no contributions are to be made to the retirement system for such payments, nor shall such payments be reported as compensation.
(3) An employee who separates from the classified service for any reason other than retirement or death shall not be paid for accrued sick leave.
Sick Leave Cash Out. Employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio of one full day's monetary compensation for four (4) accumulated sick leave days. At the employee's option, he/she may cash-out unused sick leave days in January of the school year following any year in which more than sixty (60) days of sick leave is accrued and each January thereafter, at a rate equal to one day's monetary compensation of the employee for each four
Sick Leave Cash Out. Employees will be eligible to receive monetary compensation for accrued sick leave as follows:
45.6.1 In January of each year, and at no other time, an employee whose sick leave balance at the end of the previous year exceeds four hundred eighty (480) hours may elect to convert the sick leave hours earned in the previous calendar year, minus those hours used during the year, to monetary compensation; provided:
a. No sick leave hours may be converted which would reduce the calendar year-end balance below four hundred eighty (480) hours.
b. Monetary compensation for converted hours will be paid at the rate of twenty-five percent (25%) and will be based on the employee’s current salary.
c. All converted hours will be deducted from the employee’s sick leave balance.
d. Notification of the request to convert these hours must be received by Human Resources by January 31st of each year.
45.6.2 Employees who separate from state service because of retirement or death are compensated for twenty-five percent (25%) of their total sick leave hours or the University may deposit equivalent funds in a medical expense plan. Compensation is based on the employee’s salary at the time of separation. Retirement under this section does not include “vested out of service” employees who leave funds on deposit within the Department of Retirement.
45.6.3 Employees who separate for any reason other than retirement or death are not paid for their accrued sick leave.
45.6.4 Former state employees who are re-employed by the university within five (5) years of leaving state service will be granted all unused and unpaid sick leave credits they had at separation. Unless otherwise required by applicable law, employees who are reemployed after retiring and cashing out their sick leave balance will not have leave reinstated at the time of rehire; when the such employee subsequently retires again or dies, only that unused sick leave accrued since the date of reemployment minus that taken within the same period may be compensated as provided in Section 45.6.2.
Sick Leave Cash Out. A. Upon the death of an employee while under contract, the employee’s estate will receive pay for accumulated, but unused, sick leave up to a maximum of one hundred eighty (180) days at a rate equal to one day’s per diem pay for each four full days accrued for sick/emergency leave.
B. At the option of the certificated employee, the District will cash out accumulated sick leave in excess of 168 days at the rate of one (1) day’s pay for every four (4) days accumulated. The calculation will be made at the end of the calendar year, and payment will be made in the February payroll check.
C. At the time of separation from district employment due to retirement of an eligible employee, the employee will receive remuneration at the rate equal to one (1) day’s current monetary compensation of the eligible employee for each four (4) full days of accrued sick leave up to a maximum of one hundred eighty (180) days. The payment will coincide with the last payment for employment to the eligible employee.
Sick Leave Cash Out. The employee has the annual option to cash out certain unused sick leave on the terms noted below or to “bank” unused sick leave. An employee can also elect to split the number of sick leave days subject to cash-out and can designate that a portion of those days, as specified by the employee, be placed in the employee’s sick leave bank as opposed to being cashed out. Payment at the employee’s then current base rate for the fiscal year during which the sick leave was earned but not used shall be made only to employees working during the last payroll of the fiscal year as defined by the Finance Department. To qualify for payment an employee must have a sick leave “bank” of 96 hours. For the purposes of this Section, “bank” means sick leave earned in prior years and reported in the “Sick Leave Balance Brought Forward from Prior Contract Year” column of the “Vacation, Sick Leave and Compensatory Time” report issued by the Finance Department at the beginning of the fiscal year during which payable sick leave is earned. Annual sick leave cash-outs under this Section for employees with less than ten years of service shall be made according to the following schedule: Sick Leave Hours Used In the Fiscal Year Sick Leave Hours Payable At Fiscal Year End 16 48 24 40 32 32 40 24 48 16 56 8 64or more 0 Annual sick leave payoffs under this Section for employees with ten or more years of service shall be made according to the following schedule, provided that there are enough sick days accrued in the employee’s sick leave bank to cover the payoff described below: Sick Leave Hours Used In the Fiscal Year Sick Leave HoursPayable At Fiscal Year End 16 or less 96 24 88 32 80 40 48 72 56 64 64 56 72 48 80 40 88 32 96 24 104 16 112or more 8 0 The use of Code 40 (leave without pay) should be limited to situations where no other appropriate paid leave is available. The use of Code 40 in lieu of sick leave or other paid time off not appropriately scheduled in advance disqualifies an employee from eligibility for payment under this Section for the year in which the unauthorized leave occurs. Sick leave for which cash-out is received is considered “used” in that it will not be added to the “bank” (or, if added to the “bank” prior to the cash-out date, shall be removed from the “bank”). Sick leave cash-outs under this Section shall be made by separate check by the end of July following the fiscal year in which the payable sick leave was earned.
Sick Leave Cash Out. 4.1 Upon retirement, death or layoff employees can cash out sick leave up to one hundred twenty (120) days at the following rate: Zero to two hundred forty (240 hours at 100% and the remainder at a four to one (4 to 1) ratio.
Sick Leave Cash Out. Any full-time employee who has three (3) or less occurrences of sick leave usage from December 1 to November 30 during any given year may cash out twenty-four (24) hours of sick leave at the employee’s current regular hourly rate. Any qualified employee wishing to cash out accrued but unused sick leave must submit a request in writing to the Director not later than December 5th of the calendar year.
Sick Leave Cash Out. A sick leave cash out program will be promulgated by School Board Policy pursuant to state statutes and regulations.
Sick Leave Cash Out. 1. Employees who receive a disability retirement due to permanent incapacity to work shall be entitled to one hundred percent (100%) cash payment of any unused sick leave balances, computed at their then current base hourly rate, if they elect an early retirement in lieu of exhausting such accrued sick leave balances.
2. Upon death of an active employee with ten (10) years of continuous service from the most recent date of hire in a regular position, the estate of the deceased employee will be paid for unused sick leave balances in accordance with the conversion formula in the Article on Retirement Medical Trust.
