Common use of - Sick Leave Separation Pay Plan Clause in Contracts

- Sick Leave Separation Pay Plan. Employees who separate from positions in the qualified service and who meet the requirements set forth in this Article shall be paid in the manner and amount set forth herein. (a) Payment for accrued but unused sick leave shall be made only to former employees who: i. have separated from service; and ii. as of the date of separation had accrued sick leave credit of no less than forty eight (48) hours; and iii. as of the date of separation had: 1. no less than twenty (20) years of qualified service as computed for separation purposes, or 2. who have reached sixty years of age, or 3. who are required to retire early because of either disability or having reached mandatory retirement age. (b) When an employee having no less than forty eight (48) hours accrued sick leave dies prior to separation, he/she shall be deemed to have retired because of disability at the time of death, and payment for his/her accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of 48 hours and a maximum of two hundred forty (240) days. (d) Such severance pay shall be paid in a lump sum following separation from employment but not more than sixty (60) days after the date of the employee's separation. (e) Effective April 12, 2003 and thereafter, 100% of the amount payable under this Section shall be deposited into the Health Care Savings Account (MSRS). This deposit shall occur within thirty (30) days of the date of separation. (f) If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the remaining payments shall be made to the beneficiary entitled to the proceeds of his or her Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.

- Sick Leave Separation Pay Plan. Employees who separate from positions in the qualified service and who meet the requirements set forth in this Article shall be paid in the manner and amount set forth herein. (a) Payment for accrued but unused sick leave shall be made only to former employees who: i. have separated from service; and ii. as of the date of separation had accrued sick leave credit of no less than forty forty-eight (48) hours; and iii. as of the date of separation had: 1. no less than twenty (20) years of qualified service as computed for separation purposes, or 2. who have reached sixty years of age, or 3. who are required to retire early because of either disability or having reached mandatory retirement age. (b) When an employee having no less than forty forty-eight (48) hours accrued sick leave dies prior to separation, he/she they shall be deemed to have retired because of disability at the time of death, and payment for his/her their accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of 48 hours and a maximum of two hundred forty (240) days. For employees hired on or after January 1, 2009, the maximum shall be one hundred-fifty (150) days. (d) Such severance pay shall be paid in a lump sum following separation from employment but not more than sixty (60) days after the date of the employee's separation. (e) Effective April 12, 2003 and thereafter, 100% of the amount payable under this Section shall be deposited into the Health Care Savings Account (MSRS). This deposit shall occur within thirty (30) days of the date of separation, provided however, that in the case of involuntary termination, this deposit shall occur after final disposition is reached or all timelines have expired, whichever is later. (fe) If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the remaining payments shall be made to the beneficiary entitled to the proceeds of his or her the employee’s Minneapolis group life insurance policy or to the employee's ’s estate if no beneficiary is listed.

- Sick Leave Separation Pay Plan. Employees who separate retire from positions in the qualified service and who meet the requirements set forth in this Article article shall be paid in the manner and amount set forth herein. (a) Payment for accrued but unused sick leave shall be made only to retired former employees who: i. have separated from service; and ii. as of the date of separation had accrued sick leave credit of no less than forty eight (48) hours; and and iii. as of the date of separation had: 1. no less than twenty (20) years of qualified service as computed for separation retirement purposes, or 2. who have reached sixty years of age, or 3. who are required to retire early because of either disability or having reached mandatory retirement age. (b) When an employee having no less than forty eight (48) hours accrued sick leave dies prior to separationretirement, he/she shall be deemed to have retired because of disability at the time of death, and payment for his/her accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) The amount payable to each employee qualified hereunder shall be one-half one‑half (½) the daily rate of pay for the position held by the employee on the day of separationretirement, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of 48 hours and a maximum of two hundred forty (240) days. (d) Such severance pay shall be paid in a lump sum following separation from employment but not more than sixty (60) days after the date of the employee's separation. (e) Effective April 12, 2003 and thereafter, 100% of the amount payable under this Section shall be deposited into the Health Care Savings Account (MSRS). This deposit shall occur within thirty (30) days of the date of separationretirement. (f) If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the remaining payments shall be made to the beneficiary entitled to the proceeds of his or her Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.

- Sick Leave Separation Pay Plan. Employees who separate from positions in the qualified service and who meet the requirements set forth in this Article shall be paid in the manner and amount set forth herein. (a) a. Payment for accrued but unused sick leave shall be made only to former employees who: i. have separated from service; and ii. as of the date of separation had accrued sick leave credit of no less than forty forty-eight (48) hours; and and iii. as of the date of separation had: 1. no less than twenty (20) years of qualified service as computed for separation retirement purposes, or 2. who have reached sixty years of age, or 3. who are required to retire early because of either disability or having reached mandatory retirement age. (b) b. When an employee having no not less than forty forty-eight (48) hours of accrued sick leave dies prior to separation, he/she they shall be deemed to have retired separated because of disability at the time of death, and payment for his/her their accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) c. The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of 48 forty-eight (48) hours and a maximum of two one-hundred forty fifty (240150) days. For employees hired on or after January 1, 2009, the maximum shall be one hundred fifty (150) days. (d) Such severance pay shall be paid in a lump sum following separation from employment but not more than sixty (60) days after the date of the employee's separation. (e) Effective April 12, 2003 and thereafter, d. 100% of the amount payable under this Section shall be deposited into the Health Care Savings Account (MSRS). This deposit shall occur within thirty (30) days of the date of separation, provided however, that in the case of involuntary termination, this deposit shall occur only after final disposition is reached or all timelines to contest the discharge have expired, whichever is later. (f) e. If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the remaining payments payment shall be made to the beneficiary entitled to the proceeds of his or her the employee’s Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.

- Sick Leave Separation Pay Plan. Employees who separate from positions in the qualified service and who meet the requirements set forth in this Article shall be paid in the manner and amount set forth herein. (a) Payment for accrued but unused sick leave shall be made only to former employees who: i. have separated from service; and ii. as of the date of separation had accrued sick leave credit of no less than forty eight (48) hours; and and iii. as of the date of separation had: 1. no less than twenty (20) years of qualified service as computed for separation purposes, or 2. who have reached sixty years of age, or 3. who are required to retire early because of either disability or having reached mandatory retirement age. (b) When an employee having no less than forty eight (48) hours accrued sick leave dies prior to separation, he/she shall be deemed to have retired because of disability at the time of death, and payment for his/her accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of 48 hours and a maximum of two hundred forty (240) days. (d) Such severance pay shall be paid in a lump sum following separation from employment but not more than sixty (60) days after the date of the employee's separation. (e) Effective April 12, 2003 and thereafter, 100% of the amount payable under this Section shall be deposited into the Health Care Savings Account (MSRS). This deposit shall occur within thirty (30) days of the date of separation. (f) If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the remaining payments shall be made to the beneficiary entitled to the proceeds of his or her Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.

- Sick Leave Separation Pay Plan. Employees who separate from positions in the qualified service and who meet the requirements set forth in this Article shall be paid in the manner and amount set forth herein. (a) a. Payment for accrued but unused sick leave shall be made only to former employees who: i. have separated from service; and ii. as of the date of separation had accrued sick leave credit of no less than forty forty-eight (48) hours; and and iii. as of the date of separation had: 1. no less than twenty (20) years of qualified service as computed for separation retirement purposes, or 2. who have reached sixty years of age, or 3. who are required to retire early because of either disability or having reached mandatory retirement age. (b) b. When an employee having no not less than forty forty-eight (48) hours of accrued sick leave dies prior to separation, he/she they shall be deemed to have retired separated because of disability at the time of death, and payment for his/her their accrued sick leave shall be paid to the designated beneficiary as provided in this Section. (c) c. The amount payable to each employee qualified hereunder shall be one-half (½) the daily rate of pay for the position held by the employee on the day of separation, notwithstanding subsequent retroactive pay increases, for each day of accrued sick leave subject to a minimum of 48 forty-eight (48) hours and a maximum of two one-hundred forty fifty (240150) days.. For employees hired (d) Such severance pay shall be paid in a lump sum following separation from employment but not more than sixty (60) days after the date of the employee's separation. (e) Effective April 12, 2003 and thereafter, d. 100% of the amount payable under this Section shall be deposited into the Health Care Savings Account (MSRS). This deposit shall occur within thirty (30) days of the date of separation, provided however, that in the case of involuntary termination, this deposit shall occur only after final disposition is reached or all timelines to contest the discharge have expired, whichever is later. (f) e. If an employee entitled to payment under this Section dies prior to receiving the full amount of such benefit, the remaining payments payment shall be made to the beneficiary entitled to the proceeds of his or her the employee’s Minneapolis group life insurance policy or to the employee's estate if no beneficiary is listed.