Common use of Sick Leave Cash-Out/Conversion to PERS Service Credit Clause in Contracts

Sick Leave Cash-Out/Conversion to PERS Service Credit. (1) PERS (a) PERS members hired prior to January 1, 2005, with more than twenty (20) years of City service, shall be eligible to cash out sick leave and/or convert sick leave to PERS service credit upon separation as follows: (i) Eligible employees (or those entitled by law to the possession of the estate of a deceased employee) may receive payment for thirty-three and one-third percent (33-1/3%) of the total sick leave credits accumulated (to the nearest full day) by the employee on the date of their retirement, resignation, layoff, or death. (ii) In the alternative, eligible employees may convert any or all of their total sick leave credits accrued as of the date of their retirement pursuant to the PERS contract with the City. If the employee converts less than the full balance of sick leave to service credit, the employee may receive payment equal to thirty-three and one-third percent (33- 1/3%) of the remaining sick leave credits after conversion to PERS. (b) PERS members hired on or after January 1, 2005, shall not be eligible for payment of any portion of accumulated sick leave credits, though employees may convert the sick leave balance to service credit pursuant to the PERS contract with the City upon separation of employment for retirement. (c) No employee whose services are terminated by reason of discharge for cause shall be eligible for payment of any portion of accumulated sick leave credits.

Appears in 4 contracts

Samples: Labor Agreement, Labor Agreement, Labor Agreement

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Sick Leave Cash-Out/Conversion to PERS Service Credit. (1) PERS (a) PERS members hired hired, reemployed, or rehired prior to January 1, 2005, with more than twenty (20) years of City service, shall be eligible to cash out sick leave and/or convert sick leave to PERS service credit upon separation as follows: (i) Eligible employees (employees, or those persons entitled by law to the possession of the estate of a deceased employee) , may receive payment for thirty-three and one-third percent (33-1/3%) of the total sick leave credits accumulated (to the nearest full day) by the employee on the date of their such retirement, resignation, layoff, or death. (ii) In the alternative, eligible employees may convert any or all of their total sick leave credits accrued as of the date of their retirement pursuant to the PERS contract with the City. If the employee converts less than the full balance of sick leave to service credit, the employee may receive payment equal to for thirty-three and one-third percent (33- 33-1/3%) of the remaining sick leave credits after conversion to PERS. (b) PERS members hired on or after January 1, 2005, shall not be eligible for payment of any portion of accumulated sick leave credits, though employees may convert the sick leave balance to service credit pursuant to the PERS contract with the City upon separation of employment for retirement. (c) No employee whose services are terminated by reason of discharge for cause shall be eligible for payment of any portion of accumulated sick leave credits.

Appears in 2 contracts

Samples: Labor Agreement, Labor Agreement

Sick Leave Cash-Out/Conversion to PERS Service Credit. (1) PERS (a) a. PERS members hired prior to January 1, 2005, with more than twenty (20) years of City service, shall be eligible to cash out sick leave and/or convert sick leave to PERS service credit upon separation as follows: (i) Eligible employees (or those entitled by law to the possession of the estate of a deceased employee) may receive payment for thirty-three and one-third percent (33-1/3%) of the total sick leave credits accumulated (to the nearest full day) by the employee on the date of their retirement, resignation, layoff, or death. (ii) In the alternative, eligible employees may convert any or all of their total sick leave credits accrued as of the date of their retirement pursuant to the PERS contract with the City. If the employee converts less than the full balance of sick leave to service credit, the employee may receive payment equal to thirty-three and one-third percent (33- 33-1/3%) of the remaining sick leave credits after conversion to PERS. (b) b. PERS members hired on or after January 1, 2005, shall not be eligible for payment of any portion of accumulated sick leave creditscash-out, regardless of years of service, though employees may convert the sick leave balance to service credit pursuant to the PERS contract with the City upon separation of employment for retirement. (c) c. No employee whose services are terminated by reason of discharge for cause shall be eligible for payment of any portion of accumulated sick leave credits.

Appears in 2 contracts

Samples: Labor Agreement, Labor Agreement

Sick Leave Cash-Out/Conversion to PERS Service Credit. (1) PERS (a) PERS members hired prior to January 1, 2005, with more than twenty (20) years of City service, shall be eligible to cash out sick leave and/or convert sick leave to PERS service credit upon separation as follows: (i) Eligible employees (employees, or those entitled by law to the possession of the estate of a deceased employee) , may receive payment for thirty-three and one-third percent (33-1/3%) of the total sick leave credits accumulated (to the nearest full day) by the employee on the date of their retirement, resignation, layoff, or death. (ii) In the alternative, eligible employees may convert any or all of their total sick leave credits accrued as of the date of their retirement pursuant to the PERS contract with the City. If the employee converts less than the full balance of sick leave to service credit, the employee may receive payment equal to for thirty-three and one-third percent (33- 33-1/3%) of the remaining total sick leave credits after conversion to PERS. (b) PERS members hired on or after January 1, 2005, shall not be eligible for payment of any portion of accumulated sick leave credits, though employees may convert the sick leave balance to service credit pursuant to the PERS contract with the City upon separation termination of employment for retirement. (c) No employee whose services are terminated by reason of discharge for cause shall be eligible for payment of any portion of accumulated sick leave credits.

Appears in 1 contract

Samples: Labor Agreement

Sick Leave Cash-Out/Conversion to PERS Service Credit. (1) PERS (a) PERS members hired prior to January July 1, 2005, with more than twenty (20) years of City service, shall be eligible to cash out sick leave and/or convert sick leave to PERS service credit upon separation as follows: (i) Eligible employees (employees, or those entitled by law to the possession of the estate of a deceased employee) , may receive payment for thirty-three and one-third percent (33-1/3%) of the total sick leave credits accumulated (to the nearest full day) by the employee on the date of their retirement, resignation, layoff, or death. (ii) In the alternative, eligible employees may convert any or all of their total sick leave credits accrued as of the date of their retirement pursuant to the PERS contract with the City. If the employee converts less than the full balance of sick leave to service credit, the employee may receive payment equal to for thirty-three and one-third percent (33- 33-1/3%) of the remaining total sick leave credits after conversion to PERS. (b) PERS members hired on or after January July 1, 2005, shall not be eligible for payment of any portion of accumulated sick leave credits, though employees may convert the sick leave balance to service credit pursuant to the PERS contract with the City upon separation termination of employment for retirement. (c) No employee whose services are terminated by reason of discharge for cause shall be eligible for payment of any portion of accumulated sick leave credits.

Appears in 1 contract

Samples: Labor Agreement

Sick Leave Cash-Out/Conversion to PERS Service Credit. (1) PERS (a) PERS members hired prior to January 1, 2005, with more than twenty (20) years of City service, shall be eligible to cash out sick leave and/or convert sick leave to PERS service credit upon separation as follows: (i) Eligible employees (or those entitled by law to the possession of the estate of a deceased employee) may receive payment for thirty-three and one-third percent (33-1/3%) of the total sick leave credits accumulated (to the nearest full day) by the employee on the date of their such retirement, resignation, layoff, layoff or death. (ii) In the alternative, eligible employees may convert any or all of their total sick leave credits accrued as of the date of their retirement pursuant to the PERS contract with the City. If the employee converts less than the full balance of sick leave to service credit, the employee may receive payment equal to thirty-three and one-one- third percent (33- 33-1/3%) of the remaining sick leave credits after conversion to PERS. (b) PERS members hired on or after January 1, 2005, shall not be eligible for payment of any portion of accumulated sick leave creditscash-out, regardless of years of service, though employees may convert the sick leave balance to service credit pursuant to the PERS contract with the City upon separation of employment for retirement. (c) No employee whose services are terminated by reason of discharge for cause cause, shall be eligible for payment of any portion of accumulated sick leave credits.

Appears in 1 contract

Samples: Labor Agreement

Sick Leave Cash-Out/Conversion to PERS Service Credit. (1) PERS (a) PERS members hired prior to January 1, 2005, with more than twenty (20) years of City service, shall be eligible to cash out sick leave and/or convert sick leave to PERS service credit upon separation as follows: (i) Eligible employees (employees, or those persons entitled by law to the possession of the estate of a deceased employee) , may receive payment for thirty-three and one-third percent (33-1/3%) of the total sick leave credits accumulated (to the nearest full day) by the employee on the date of their such retirement, resignation, layoff, or death. (ii) In the alternative, eligible employees may convert any or all of their total sick leave credits accrued as of the date of their retirement pursuant to the PERS contract with the City. If the employee converts less than the full balance of sick leave to service credit, the employee may receive payment equal to for thirty-three and one-third percent (33- 33-1/3%) of the remaining sick leave credits after conversion to PERS. (b) PERS members hired on or after January 1, 2005, shall not be eligible for payment of any portion of accumulated sick leave credits, though employees may convert the sick leave balance to service credit pursuant to the PERS contract with the City upon separation of employment for retirement. (c) No employee whose services are terminated by reason of discharge for cause shall be eligible for payment of any portion of accumulated sick leave credits.

Appears in 1 contract

Samples: Labor Agreement

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Sick Leave Cash-Out/Conversion to PERS Service Credit. (1) PERS (a) PERS members hired prior to January 1, 2005, with more than twenty (20) years of City service, shall be eligible to cash out sick leave and/or convert sick leave to PERS service credit upon separation as follows: (ia) Eligible employees (employees, or those persons entitled by law to the possession of the estate of a deceased employee) , may receive payment for thirty-three and one-third percent (33-1/3%) of the total sick leave credits accumulated (to the nearest full day) by the employee on the date of their such retirement, resignation, layoff, or death. (iib) In the alternative, eligible employees may convert any or all of their total sick leave credits accrued as of the date of their retirement pursuant to the PERS contract with the City. If the employee converts less than the full balance of sick leave to service credit, the employee may receive payment equal to for thirty-three and one-third percent (33- 33-1/3%) of the remaining sick leave credits after conversion to PERS. (b) PERS members hired on or after January 1, 2005, shall not be eligible for payment of any portion of accumulated sick leave credits, though employees may convert the sick leave balance to service credit pursuant to the PERS contract with the City upon separation of employment for retirement. (c) No employee whose services are terminated by reason of discharge for cause shall be eligible for payment of any portion of accumulated sick leave credits.

Appears in 1 contract

Samples: Labor Agreement

Sick Leave Cash-Out/Conversion to PERS Service Credit. (1) PERS (a) PERS members hired prior to January 1, 2005, with more than twenty (20) years of City service, shall be eligible to cash out sick leave and/or convert sick leave to PERS service credit upon separation as follows: (i) Eligible employees (employees, or those entitled by law to the possession of the estate of a deceased employee) , may receive payment for thirty-three and one-third percent (33-1/3%) of the total sick leave credits accumulated (to the nearest full day) by the employee on the date of their retirement, resignation, layoff, or death. (ii) In the alternative, eligible employees may convert any or all of their total sick leave credits accrued as of the date of their retirement pursuant to the PERS contract with the City. If the employee converts less than the full balance of sick leave to service credit, the employee may receive payment equal to for thirty-three and one-third percent (33- 33-1/3%) of the remaining total sick leave credits after conversion to PERS. (b) PERS members hired on or after January 1, 2005, shall not be eligible for payment of any portion of accumulated sick leave credits, though employees may convert the sick leave balance to service credit pursuant to the PERS contract with the City upon separation of employment for retirement. (c) No employee whose services are terminated separated by reason of discharge for cause shall be eligible for payment of any portion of accumulated sick leave credits.

Appears in 1 contract

Samples: Labor Agreement

Sick Leave Cash-Out/Conversion to PERS Service Credit. (1) PERS (a) a. PERS members hired prior to January 1, 2005, with more than twenty (20) years of City service, shall be eligible to cash out sick leave and/or convert sick leave to PERS service credit upon separation as follows: (i) Eligible employees (or those entitled by law to the possession of the estate of a deceased employee) may receive payment for thirty-three and one-third percent (33-1/3%) of the total sick leave credits accumulated (to the nearest full day) by the employee on the date of their retirement, resignation, layoff, or death. (ii) In the alternative, eligible employees may convert any or all of their total sick leave credits accrued as of the date of their retirement pursuant to the PERS contract with the City. If the employee converts less than the full balance of sick leave to service credit, the employee may receive payment equal to thirty-three and one-one- third percent (33- 33-1/3%) of the remaining sick leave credits after conversion to PERS. (b) b. PERS members hired on or after January 1, 2005, shall not be eligible for payment of any portion of accumulated sick leave creditscash-out, regardless of years of service, though employees may convert the sick leave balance to service credit pursuant to the PERS contract with the City upon separation of employment for retirement. (c) c. No employee whose services are terminated by reason of discharge for cause shall be eligible for payment of any portion of accumulated sick leave credits.

Appears in 1 contract

Samples: Labor Agreement

Sick Leave Cash-Out/Conversion to PERS Service Credit. (1) PERS (a) PERS members hired prior to January July 1, 2005, with more than twenty (20) years of City service, shall be eligible to cash out sick leave and/or convert sick leave to PERS service credit upon separation as follows: (i) Eligible employees (employees, or those entitled by law to the possession of the estate of a deceased employee) , may receive payment for thirty-three and one-third percent (33-1/3%) of the total sick leave credits accumulated (to the nearest full day) by the employee on the date of their retirement, resignation, layoff, or death. (ii) In the alternative, eligible employees may convert any or all of their total sick leave credits accrued as of the date of their retirement pursuant to the PERS contract with the City. If the employee converts less than the full balance of sick leave to service credit, the employee may receive payment equal to for thirty-three and one-third percent (33- 33-1/3%) of the remaining total sick leave credits after conversion to PERS. (b) PERS members hired on or after January July 1, 2005, shall not be eligible for payment of any portion of accumulated sick leave credits, though employees may convert the sick leave balance to service credit pursuant to the PERS contract with the City upon separation of employment for retirement. (c) No employee whose services are terminated separated by reason of discharge for cause shall be eligible for payment of any portion of accumulated sick leave credits.

Appears in 1 contract

Samples: Labor Agreement

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