SICK/PERSONAL LEAVE TIME. The Board agrees to allocate the following sums of money per year and the per diem rate, for the repurchase of all unused sick leave since the first year of employment and all unused personal time accrued since July 1, 1979 through the last year of employment for any retiring teacher who has acquired tenure as of September 1983 and has a minimum of 12 years of teaching service at Rancocas Valley Regional High School. All support staff members will be grandfathered having accrued more than 100 days prior to July 1, 1989 may only carry 100 days into this provision, however, all days accrued after July 1, 1989 will be included. Year Sum Category A Re-Purchase Rate Categories B and C Re-Purchase Rate 2005-2006 $25,000.00 $40.00 $20.00 2006-2007 $26,000.00 $41.00 $21.00 2007-2008 $26,000.00 $42.00 $22.00 All other employees will be required to have had 20 years of service at Rancocas Valley Regional High School and have attained the age of 55 years at retirement or have had 25 years of service and reached the age of 50 years at retirement to be eligible for this repurchase benefit.
A. Priority for payments to all eligible retiring employees will be on the following basis.
1. Retiring employees will be given first priority for payment on an "earliest notice" basis. It is requested that notice of retirement be given to the Board in the last year of employment between September 1st and December 1st for retirement at the end of the school or calendar year.
2. In the event that multiple retirements in the same year would result in exceeding the fund allocated above and in the event of equal time of notice, employee seniority at Rancocas Valley Regional High School will determine first priority in the year of retirement for payment(s) due.
3. In the event that the funds allocated above in any one year are depleted in that year, those eligible retirees who have not been paid will be given first priority in all subsequent years until they have been fully paid.
B. It is mutually agreed that in the event that the fund is not required in any given year to satisfy fully the payments due eligible retiring employees, the Board will be required only to allocate the amount actually due and payable.
C. It is further mutually agreed that the payment(s) to the retiree(s), under all the conditions previously noted above, will be made on June 30th of the last year of employment. In order to minimize the tax impact, the employee may elect to accept payment in a lump sum, within a ye...
SICK/PERSONAL LEAVE TIME. Full-time employees shall be granted sixty (60) hours paid Sick/Personal leave time per year, after completing the probationary period, subject to the following conditions.
a) The Company will grant full-time employees twenty (20) hours paid Sick/Personal leave time in the first quarter of each year, ten (10) hours paid Sick/Personal leave time in the second quarter of each year, twenty (20) hours paid Sick/Personal leave time in the third quarter of each year, and ten (10) hours paid Sick/Personal leave time in the fourth quarter of each year, to be paid out the beginning of December, and employees who use leave in December, who have already received this pay, will not be paid twice. Full-time employees with less than a year of seniority will not be entitled to the pay out, only the time off with pay.
b) Any unused Sick/Personal leave time shall be paid for after November 30. It is agreed that this payment shall occur in the first pay period ending in December.
c) It shall be payable on the first day of leave, based on your scheduled shift.
d) It is agreed that any employee who books off work and who agrees to work his scheduled day off in that week will not be paid overtime.
e) Personal leave time can be utilized to offset Weekly Indemnity. Employees must specifically request this. Full-time laid off employees are not entitled to Sick/Personal Leave Time. At such time as a full-time, laid off employee is recalled into a permanent full time position they will be entitled to the full benefit.
