Common use of Sick Leave Cash Out Clause in Contracts

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. (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- 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. (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- 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 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. (1) Employees shall be eligible to receive monetary monetaiy compensation for accrued accrned sick leave as follows: (a) In January Januaiy 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 eained 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- 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 's cunent salary. (iii) All converted hours will be deducted from the employee’s '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 25of25%. Compensation shall be based upon the employee’s '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 conh·ibutions 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 accrned sick leave.

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- 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.