Sick Leave Cash-Out at Retirement or Death. Adjunct faculty may cash-out unused portions of their sick leave balances at the time of their retirement or death. In the case of death, adjunct faculty designated beneficiaries would be entitled to receive the cash-out. For purposes of sick leave cash-out, adjunct faculty must provide the College with the appropriate verification from their retirement plan (TRS1, 2, or 3, PERS 1, 2, 3, TIAA/CREF, and/or Social Security) which shows they are receiving distribution payments and are in retirement status. Adjunct faculty who retire under one (1) or more retirement plans listed above, may be eligible for subsequent cash-out of unused portions of their sick leave if they reestablish employment status under another retirement program. Adjunct faculty who retire (as noted above) may participate in the medical expense plan (VEBA) as defined in Section 1, D, 1 of this Article.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
