Sick Leave Payout Upon Retirement. Effective May 1, 1998 the Employer shall pay to all those employees who retire from the District, an amount equal to 33 1/3% of the balance of what remains in their sick leave account at date of retirement. Retirement for the purpose of this section applies to anyone eligible to receive a pension or age 55 or better. This does not include layoff or termination for cause.
Appears in 6 contracts
Samples: Letter of Agreement, Letter of Agreement, Collective Agreement
Sick Leave Payout Upon Retirement. Effective May 1, 1998 the Employer shall pay to all those employees who retire from the District, an amount equal to 33 1/3% of the balance of what remains in their sick leave account at date of retirement. Retirement for the purpose of this section applies to anyone eligible to receive a pension or age 55 or better. This does not include layoff or termination for cause.
Appears in 1 contract
Samples: Letter of Agreement
