Sick Leave Cashout. Sick leave cash-out procedures shall be in accordance with the law:
A. In January of the year following any year in which a minimum of sixty (60) days of leave for illness or injury is accrued, and each January thereafter, any eligible employee may exercise an option to receive remuneration for unused leave for illness or injury accumulated in the previous year at a rate equal to one
(1) day's monetary compensation of the employee for each four (4) full days of accrued leave for illness or injury in excess of sixty (60) days. Leave for illness or injury for which compensation has been received shall be deducted from accrued leave for illness or injury at the rate of four (4) days for every one (1) day's monetary compensation: PROVIDED, that no employee may receive compensation under this section for any portion of leave for illness or injury accumulated at a rate in excess of one (1) day per month.
B. At the time of separation from District employment due to retirement or death, an eligible employee or the employee's estate shall receive remuneration at a rate equal to one (1) day's current monetary compensation of the employee for each four (4) full days accrued leave for illness or injury.
Sick Leave Cashout. Upon eligibility of retirement in accordance with the Department of Retirement Systems (DRS), employees will receive payment for 25% of all unused, accrued sick leave at the time of separation up to a maximum of 300 hours, to be paid into the employee’s HRA/VEBA subject to IRS limits. Employees are not required to apply for DRS retirement to be eligible to receive payment under this subsection.
Sick Leave Cashout. WAC 392.136.025 provides conditions for this section.
Sick Leave Cashout. A. Annually each employee may cash out the unused sick leave days he/she has accumulated that year (Jan. 1-Dec. 31) provided such employee has accumulated a minimum of sixty (60) days of such leave. The cash out shall be on a one (1) day's pay for four (4) day's sick leave, and shall not allow the employee to decrease his/her accumulation to less than sixty
Sick Leave Cashout. The District will provide sick leave cash out pursuant to State Law at retirement or death of an employee, and provision of annual cash out pursuant to RCW pertaining to the Employee Attendance Incentive Program.
Sick Leave Cashout. Consistent with Ch. 275 Laws of 1983, and to the extent authorized by said law, 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 in January of the school year following any year in which a minimum of 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's sick leave accumulation shall be reduced four (4) days for each day compensated. No employee may receive compensation for sick leave accumulated in excess of one (1) day per month, a maximum of twelve (12) days per year, and/or one hundred eighty (180) days. At the time of separation from school district employment due to *retirement or death, an eligible employee or the employee's estate shall receive compensation at a rate equal to one (1) day's current monetary compensation of the employee for each four (4) full days accrued sick leave for illness or injury. Provisions of this leave shall be administered in accordance with rules and regulations adopted now or as hereafter amended. Sick Leave Cash Out: Pursuant to RCW 28A.400.210 the following conditions shall apply: On or before January 31st, or the last business day of January, employees may elect to be compensated at the ratio of 4:1 at their hourly rate for Sick Leave accumulated in excess of sixty (60) days which was earned but unused during the previous calendar year, provided that no employee may receive compensation under this Section for any portion of leave for illness or injury accumulated at a rate in excess of one day per month. Employees who retire shall be entitled to compensation for all unused sick leave up to one hundred and eighty (180) day maximum at the ratio of 4:1 at their hourly rate as allowed by law. The applicable employee group will vote annually on cash out or deposit of excess sick leave into the employee’s Voluntary Employees' Beneficiary Association (VEBA) accounts. Unused sick leave shall lapse in the event of discharge or voluntary resignation, except as provided in RCW
Sick Leave Cashout. A. Pursuant to current statute, employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio of one full day's pay for four (4) accumulated sick leave days. Such cash in may not exceed the number of days accumulated the previous year less the number of days of sick leave actually used the previous year. For employees who are retiring, all sick leave remaining at the time of retirement may be cashed in at a ratio described above.
B. Employees who cash out their sick leave at the time of retirement may do so on a ratio of one full day's pay for each four accumulated sick leave days; up to 180 days maximum or the state allowable maximum.
Sick Leave Cashout. An employee with forty (40) or more sick leave days (at their FTE) can, at their discretion and with notification to the District in May, elect to have five (5) days paid out at their per diem. Such days will be deducted from their eligible PERS sick leave balance.
Sick Leave Cashout. The District will provide during the duration of this contract the Sick Leave Incentive Program as prescribed in state law.
