Sick Leave Cash-out Conversion Upon Retirement. A Flight Attendant who retires directly from Alaska Airlines and has reached a minimum age of fifty-five (55) years and who has completed an aggregate total of ten (10) or more years of vesting service under her/his 401(k) plan, or who has completed a total of twenty (20) or more years of Company Service upon retirement, will be paid a lump sum equal to the Flight Attendant’s current rate of pay multiplied by the sum of the Flight Attendant’s accrued sick leave balance multiplied by twenty-five percent (25%).
Appears in 5 contracts
Samples: Joint Collective Bargaining Agreement, Tentative Agreement, Tentative Agreement
