Sick Leave Separation Cash Out. At the time of retirement from state service or at death, an eligible employee or the employee’s estate will receive cash for their compensable sick leave balance on a one (1) hour for four (4) hours basis. For the purposes of this Section, retirement will not include “vested out of service” employees who leave funds on deposit with the retirement system.
Sick Leave Separation Cash Out. At the time of retirement from state service or at death, an eligible employee or the employee’s estate will receive cash for his/her total sick leave balance on a one (1) hour for four (4) hours basis. For the purposes of this Section, retirement will not include “vested out of service” employees who leave funds on deposit with the retirement system. In accordance with state and federal law, agencies and employees in bargaining units may agree to form Voluntary Employee Beneficiary Associations (tax-free medical spending accounts) funded by the retiree sick leave cash out described above. Voluntary Employees’ Beneficiary Association will be implemented only by written agreement with the Union.
Sick Leave Separation Cash Out. At the time of retirement from state service or at death, an eligible Deck Officer or the Deck Officer’s estate shall receive cash for his or her total sick leave balance on a one (1) hour for four (4) hours basis. For the purposes of this Section, retirement shall not include “vested out of service” employees who leave funds on deposit with the retirement system.
Sick Leave Separation Cash Out. At the time of retirement from state service or at death, an eligible employee or the employee’s estate will receive cash for their total sick leave balance on a one (1) hour for four (4) hour basis. For the purposes of this Section, retirement shall not include “vested out of service” employees who leave funds on deposit with the retirement system. In accordance with state and federal law, agencies and employees in bargaining units may agree to form Voluntary Employee Beneficiary Associations (tax-free medical spending accounts) funded by the retiree sick leave cash out described above. Beginning July 1, 2006, and every even-numbered year thereafter, the Employer shall offer a ratification ballot on the continuation of the Voluntary Employee Beneficiary Associations for each Local 17 bargaining unit at each agency. All bargaining unit employees eligible to retire within those two (2) years will be eligible to vote.
Sick Leave Separation Cash Out. At the time of retirement as defined by the Department of Retirement Systems regulations and/or state laws relating to retirement, from state service or at death, an eligible employee or the employee’s estate will receive cash for his or her total sick leave balance on a one
Sick Leave Separation Cash Out. At the time of retirement as defined by the Department of Retirement Systems regulations and/or state laws relating to retirement, from state service or at death, an eligible employee or the employee’s estate will receive cash for their total sick leave balance on a one (1) hour for four (4) hour basis. For the purposes of this Section, retirement will not include “vested out of service” employees who leave funds on deposit with the retirement system. In accordance with state and federal law, agencies and employees in bargaining units may agree to form Voluntary Employee Beneficiary Associations (tax-free medical spending accounts) funded by the retiree sick leave cash out described above.
Sick Leave Separation Cash Out. At the time of retirement from state service or at death, an eligible nurse or the nurse’s estate will receive cash for his or hertheir total sick leave balance on a one (1) hour for four
Sick Leave Separation Cash Out and VEBA At the time of retirement from state service or at death, an eligible employee or the employee’s estate will receive cash for his or her total sick leave balance on a one (1) hour for four (4) hours basis. For the purposes of this Section, retirement shall not include “vested out of service” employees who leave funds on deposit with the retirement system. In accordance with state and federal law, employees in the bargaining unit may agree to form a Voluntary Employee Beneficiary Association (tax-free medical spending account) funded by the retiree sick leave cash out described above.
