Sick Leave Upon Retirement Clause Samples
The "Sick Leave Upon Retirement" clause defines how unused sick leave is handled when an employee retires. Typically, this clause outlines whether accumulated sick leave can be converted into a cash payout, credited towards additional service time for pension calculations, or simply forfeited. For example, an employee with unused sick days at retirement might receive a lump sum payment or have those days added to their years of service for retirement benefits. The core function of this clause is to clarify the treatment of accrued sick leave at retirement, ensuring both the employer and employee understand the benefits or limitations associated with unused sick time.
Sick Leave Upon Retirement. A bargaining unit member 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 sick leave.
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. 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. ALL EMPLOYEES
1. Any employee leaving the employ of the Board with fifteen (15) but less than twenty (20) years of service in the ▇▇▇▇▇▇▇▇ Township School District shall upon departure be paid for the accumulative sick time in accordance with the following schedule: % is based on per diem formula. (Formula = accumulated days x per diem rate x correlated percentage) 0 - 29 NONE 30 - 59 25% 60 - 89 40% 90 - 119 50% 120 - 150 75%
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. 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. 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. The City contracts with CalPERS for the credit of Unused Sick Leave. Upon retirement, unused sick leave will be reported to CalPERS and will be converted to service credit in accordance with CalPERS rules and procedures. Sick Leave Integration - The City will integrate sick leave with California State Disability Insurance (SDI) benefits. The integration of sick leave with SDI will not exceed an employee’s normal daily wage.
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.