Sick Leave Upon Retirement. Upon death, full service retirement, or disability retirement, an employee shall be paid up to one-half (1/2) of 1200 hours of accumulated sick leave to a maximum payout of 600 hours for 56-hour work week employees, or up to one-half (1/2) of 860 hours of accumulated sick leave to a maximum payout of 430 hours for 40- hour per week employees. Payment of unused sick leave hours shall be made at the employee’s actual hourly rate of pay.
Sick Leave Upon Retirement. Upon retirement, the employee shall be entitled to and be compensated for up to 600 hours of the employee’s accumulated sick leave.
Sick Leave Upon Retirement. The employee may convert unused sick leave to retirement credit in accordance with California Government Code Section 20862.5 or California Education Code Section 22719 or its successor if the employee is filing a request for retirement.
Sick Leave Upon Retirement. ALL EMPLOYEES
Sick Leave Upon Retirement. Employees may elect to: convert all of their unused sick leave to service credit (Section 20965 Unused Sick Leave); or employees in good standing who have ten (10) years of continuous service may receive up to twenty five (25) percent of their first one thousand two hundred (1200) hours of unused sick leave as pay at their straight time rate of pay and convert the remaining balance of unused sick leave to service credit.
Sick Leave Upon Retirement. Upon submission of a letter of retirement at least three (3) months in advance, an employee shall receive a retirement cash bonus equal to half (1/2) of all accumulated sick leave. Payment shall be no later than the beginning of the fiscal year following retirement. In the event of death, during the three (3) month period or prior to payment of this bonus, such payment shall go to the beneficiary of the estate. This shall apply to only those employees with over fifteen (15) years of work experience in public schools.
Sick Leave Upon Retirement. The County agrees to continue to participate in the Sick Leave conversion program provided for by ORS 238.350 with a maximum sick leave balance submitted to PERS of nine hundred (900) hours for seven and one half (7 ½) hour per day (thirty seven and one half [37 ½] hours per week) employees, and nine hundred sixty (960) hours for eight (8) hour per day (forty [40] hours per week) employees.
Sick Leave Upon Retirement. Sick pay benefits are available upon retirement if an employee has maintained continuous full-time employment with the City for a period of twenty (20) years or more and has accumulated sick days. The City will pay retiring employees for earned sick leave up to a maximum of four hundred eighty (480) hours (60 eight- hour days or 20 twenty-four hour days). Payment for up to four hundred eighty (480) earned sick leave hours may be made in one (1) lump sum or in payments every two (2) weeks for a period of twelve (12) weeks, concurrent with payroll. If the retiring employee chooses to receive up to four hundred eighty (480) earned sick leave hours in payments, rather than a lump sum, no further benefits will accrue, i.e., vacation, holidays, personal or sick days. The employee's termination date shall be the last day worked and not the last day paid. The employee's health insurance shall remain in effect for up to thirty (30) days after the termination date, at which time the employee may begin paying the full premium(s) if continued coverage is desired. Employees who are terminated or who retire to avoid the filing or pursuit of charges seeking their termination shall not be eligible for this sick leave benefit.
Sick Leave Upon Retirement. An employee who separates from the County service after having completed ten (10) years of service, and who retires in accordance with the provisions of the Tulare County Employee's Retirement System, may elect to initially receive compensation in an amount equal to up to twenty percent (20%) of the accumulated sick leave credits of the employee at the time of separation; provided, however, that such compensation shall in no event exceed an amount equal to such employee's salary for two hundred fifty (250) hours of service. Such compensation shall be calculated on the hourly rate of pay plus any eligible additional pays for the position occupied at the time of separation. Such compensation shall not be paid upon the election of the employee to take a deferred retirement. Once such compensation has been calculated and paid, the provisions of Personnel Rule 6.7.8.b) relating to additional service credits shall take effect.
Sick Leave Upon Retirement. For unit members who retire between the dates of June 30th and August 31st of any calendar year, if written notice of resignation for the purpose of retirement is given by the immediately preceding January 1st, he or she shall be paid $10 per unused accumulated sick leave day upon retirement from the District to receive benefits from the New York State Teachers’ Retirement System (or N.Y.S. Employees’ Retirement System, if applicable). For the purposes of this provision of the Agreement, there shall be no cap placed upon the number of accumulated sick leave days that a unit member may accumulate. [This provision shall not apply in the case of a unit member who retires and receives a Retirement Incentive Payment as set forth above in this Article].
