Sick Pay and Employee Leaving the District Sample Clauses

Sick Pay and Employee Leaving the District. The District will pay half of the substitute pay in the employee’s category for any sick days not accepted by TRS (max 180) or IMRF (max 240). This shall be paid at the end of the fiscal school year and shall be added to the last year’s salary of the employee or the final 2 years upon notification of retirement. Employees who receive reimbursement for unused sick leave may not receive any of these unused sick days back if rehired by the district. Employees will receive these payments before retirement unless the payments cause the employee to exceed the 6% cap on creditable earnings that are reported to TRS or IMRF. Should the payment exceed the 6% cap on creditable earnings that are reported to TRS or IMRF, the amount remaining shall be paid to the employee each remaining year before retirement at a rate of 6%. Should there be a balance remaining, the District shall pay the amount owed in a lump sum as a post-retirement bonus. The amount exceeding the 6% cap will be paid to the employee in accordance with TRS and IMRF guidelines. Should the TRS or IMRF law change resulting in raising or lowering of the 6% cap prior to the end of the contract, this language may be renegotiated at the time of the effective date of any change.
Sample 1
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Sick Pay and Employee Leaving the District. The District will pay half of the substitute pay in the employee’s category for any sick days not accepted by TRS (max 180) or IMRF (max 240). This shall be paid at the end of the fiscal school year and shall be added to the last year’s salary of the employee or the final 2 years upon notification of retirement. Employees who receive reimbursement for unused sick leave may not receive any of these unused sick days back if rehired by the district. Employees will receive these payments before retirement unless the payments cause the employee to exceed the 6% cap on creditable earnings that are reported to TRS or IMRF. The amount exceeding the 6% cap will be paid to the employee in accordance with TRS and IMRF guidelines. Should the TRS or IMRF law change resulting in raising or lowering of the 6% cap prior to the end of the contract, this language may be renegotiated at the time of the effective date of any change.
Sample 1

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