Sick Leave on Retirement. Employees shall be entitled to fifty percent (50%) of their unused sick leave accrual up to a maximum of seventy-five (75) payout days, on retirement or in other circumstances approved by the Board.
Sick Leave on Retirement. An employee who retires may be credited with a portion of his/her sick leave for purpose of determining his/her retirement compensation, in accordance with the Oregon Public Employees Retirement System.
Sick Leave on Retirement. One-half (1/2) of accrued unused sick leave days, to a maximum of four hundred eighty (480) hours, will be paid upon death to an employee's estate. An employee with ten (10) or more years of full time service will, upon separation from County service, receive one-half (1/2) of his/her accrued unused sick leave to a maximum of four hundred eighty (480) hours. The pay off of sick leave will be included for the purpose of final average compensation (FAC), regardless of when pay off is received.
Sick Leave on Retirement. Any permanent employee who retires with any earned and unused accumulated sick leave shall be entitled to receive fifty (50%) percent of his/her accumulated sick time as severance pay, said payment not to exceed $9,000.00. This payment shall be paid in a lump sum after the effective date of retirement, or at a time mutually agreed upon by the retired employee and Employer. ARTICLE TWENTY-FOUR
Sick Leave on Retirement. If, at any time during the term of this Agreement, the legislature of this State should pass any legislation which would allow any group of state employees to cash out or otherwise receive compensation for accumulated sick leave upon retirement, said legislative provisions shall immediately become a part of this Agreement and shall be fully applicable to all Deck Officers covered by this Agreement.
Sick Leave on Retirement. A. Any unit member who is a Tier 1 or Tier 2 member of the New York State Teachers’ Retirement System or, in the case of occupational and physical therapists and assistants, of the New York State Employees’ Retirement System, who has been employed in the District for 15 or more years (or, for employees who were in District service on or before June 30, 1988, 10 years), who submits to the Superintendent of Schools a written statement of intention to retire under the New York State Teachers' Retirement System, will be eligible for retirement year allowance provided notice is given to the Superintendent by February 1st of the school year in which said unit member shall retire or, in the event of a mid-year retirement, by the first teacher work day in September. Payment will be made within 30 days of the date of such retirement. No unit member will be eligible for payment unless he/she retires at the end of a semester. In an emergency and at the discretion of the Superintendent, the dates for notice and the effective date of the retirement may be waived.
Sick Leave on Retirement. An employee, upon retirement, shall be entitled to be paid for one-quarter of their unused sick leave (or to the employee's beneficiary of record at the time of his death) except the maximum pay shall be for fifteen (l5) twenty-four (24) hour days. Effective for employees hired into the department after JULY 1, 2008 the sick leave payout shall not be included in final average compensation for pension purposes.
Sick Leave on Retirement. Upon retirement of an employee, as permitted by applicable law, fifty (50%) percent of an employee’s unused sick leave shall be credited to retirement.
Sick Leave on Retirement. An employee shall, on retirement, receive a maximum of $1,500.00 provided that the Employee has one hundred and twenty (120) days sick leave credits. In the event that an employee has less than one hundred and twenty (120) days sick leave credits, the following formula shall apply: Amount of Sick Leave Credits X $1,500.00 120 In the event of death before retirement, any accrued sick leave cash bonus shall be paid to their beneficiary. ELIGIBLE EMPLOYEES:
