Common use of Sick Leave Conversion Rate Clause in Contracts

Sick Leave Conversion Rate. a. Retiring unit employees shall have each eligible hour of accrued unused sick leave hours converted at the rate of twenty-nine dollars ($29) per hour, which will be placed in each employee’s individual Retiree Health Savings Plan (RHSP) effective the employee’s official date of retirement.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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Sick Leave Conversion Rate. a. Retiring unit City employees shall may have each eligible hour of accrued unused sick leave hours converted at the rate of twenty-nine thirty‐one dollars ($2931.00) per hour, hour which will be placed in each employee’s individual Retiree Retired Health Savings Plan (RHSP) effective the employee’s official date of retirement.

Appears in 1 contract

Samples: Memorandum of Understanding

Sick Leave Conversion Rate. a. Retiring unit employees shall have each eligible hour of accrued unused sick leave hours converted at the rate of twenty-nine two dollars ($2922.00) per hour, which will be placed in each employee’s individual Retiree Health Savings Plan (RHSP) effective the employee’s official date of retirement.

Appears in 1 contract

Samples: Memorandum of Understanding

Sick Leave Conversion Rate. a. Retiring unit employees shall have each eligible hour of accrued unused sick leave hours converted at the rate of twenty-nine twenty-­‐two dollars ($2922.00) per hour, hour which will be placed in each employee’s individual Retiree Health Savings Plan (RHSP) effective the employee’s official date of retirement.

Appears in 1 contract

Samples: Memorandum of Understanding

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Sick Leave Conversion Rate. a. Retiring unit employees shall have each eligible hour of accrued unused sick leave hours converted at the rate of twenty-nine twenty‐six dollars ($2926) per hour, which will be placed in each employee’s individual Retiree Health Savings Plan (RHSP) effective the employee’s official date of retirement.

Appears in 1 contract

Samples: Memorandum of Understanding

Sick Leave Conversion Rate. a. Retiring unit employees shall have each eligible hour of accrued unused sick leave hours converted at the rate of twenty-nine six dollars ($2926) per hour, which will be placed in each employee’s individual Retiree Health Savings Plan (RHSP) effective the employee’s official date of retirement. b. Effective July 1, 2019, the current Sick Leave cash out conversion rate shall be increased by $3 from $26 to $29 for each hour of accrued unused sick leave.

Appears in 1 contract

Samples: Memorandum of Understanding

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