TERMINAL LEAVE. 24.1. An employee covered by this Agreement, who retires under the provisions of the Employees Retirement System of Milwaukee, (but excluding retirement on deferred or actuarially reduced pensions, as they are defined under the System) shall, upon retirement, be entitled to a lump sum payment equivalent to one eight-hour work shift' s base salary for each eight-hour work shift equivalent of the employee' s earned and unused sick leave up to a maximum of thirty (30) eight-hour work shifts of pay. 24.2. Terminal leave compensation shall not be construed as affecting the employee' s pension benefits. Any payments made under the provisions of this Article shall not have any sum deducted for pension benefits nor shall the payments be included in establishing pension benefits or payments. 24.3. Terminal leave compensation benefits shall be made as soon as is administratively possible after the employee' s effective date of retirement. 24.4. An employee shall receive terminal leave compensation only once during his/her lifetime.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
TERMINAL LEAVE. 24.11. An employee covered by this Agreement, who retires under the provisions of the Employees Retirement System of Milwaukee, (but excluding retirement on deferred or actuarially reduced pensions, as they are defined under the System) ), shall, upon retirement, be entitled to a lump sum payment equivalent to one eight-hour work shift' s 's base salary for each one eight-hour work shift equivalent of the employee' s 's earned and unused sick leave up to a maximum of thirty (30) eight-hour work shifts of pay.
24.22. Terminal leave compensation Leave Compensation shall not be construed as affecting the employee' s 's pension benefits. Any payments made under the provisions of this Article shall not have any sum deducted for pension benefits nor shall the payments be included in establishing pension benefits or payments.
24.33. Terminal leave compensation Leave Compensation benefits shall be made as soon as is administratively possible after the employee' s 's effective date of retirement.
24.44. An employee shall receive terminal leave compensation Terminal Leave Compensation only once during his/her lifetime.
Appears in 1 contract
Samples: Collective Bargaining Agreement
TERMINAL LEAVE. 24.11. An employee covered by this Agreement, who retires under the provisions of the Employees Employes' Retirement System of Milwaukee, (but excluding retirement on deferred or actuarially reduced pensions, as they are defined under the System) ), shall, upon retirement, be entitled to a lump sum payment equivalent to one eight-hour work shift' s base salary for each one eight-hour work shift equivalent of the employee' s earned and unused sick leave up to a maximum of thirty (30) eight-hour work shifts of pay.
24.22. Terminal leave compensation Leave Compensation shall not be construed as affecting the employee' s pension benefits. Any payments made under the provisions of this Article shall not have any sum deducted for pension benefits nor shall the payments be included in establishing pension benefits or payments.
24.33. Terminal leave compensation Leave Compensation benefits shall be made as soon as is administratively possible after the employee' s effective date of retirement.
24.44. An employee shall receive terminal leave compensation Terminal Leave Compensation only once during his/her lifetime.
Appears in 1 contract
Samples: Collective Bargaining Agreement
TERMINAL LEAVE. 24.11. An employee covered by this Agreement, who retires under the provisions of the Employees Employes' Retirement System of Milwaukee, (but excluding retirement on deferred or actuarially reduced pensions, as they are defined under the System) ), shall, upon retirement, be entitled to a lump sum payment equivalent to one eight-hour work shift' s base salary for each one eight-hour work shift equivalent of the employee' s earned and unused sick leave up to a maximum of thirty (30) eight-hour work shifts of pay.
24.22. Terminal leave compensation Leave Compensation shall not be construed as affecting the employee' s pension benefits. Any payments made under the provisions of this Article shall not have any sum deducted for pension benefits nor shall the payments be included in establishing pension benefits or payments.
24.33. Terminal leave compensation Leave Compensation benefits shall be made as soon as is administratively possible after the employee' s effective date of retirement.
24.44. An employee shall receive terminal leave compensation Terminal Leave Compensation only once during his/her lifetime.her
Appears in 1 contract
Samples: Collective Bargaining Agreement
TERMINAL LEAVE. 24.122.1. An employee covered by this Agreement, who retires under the provisions of the Employees Retirement System of Milwaukee, (but excluding retirement on deferred or actuarially actuarilly reduced pensions, as they are defined under the System) ), shall, upon retirement, be entitled to a lump sum payment equivalent to one eight-hour work shift' s base salary for each one eight-hour work shift equivalent of the employee' s earned and unused sick leave up to a maximum of thirty (30) eight-hour work shifts of pay.
24.222.2. Terminal leave compensation Leave Compensation shall not be construed as affecting the employee' s pension benefits. Any payments made under the provisions of this Article shall not have any sum deducted for pension benefits nor shall the payments be included in establishing pension benefits or payments.
24.322.3. Terminal leave compensation Leave Compensation benefits shall be made as soon as is administratively possible after the employee' s effective date of retirement.
24.422.4. An employee shall receive terminal leave compensation Terminal Leave Compensation only once during his/her their lifetime.
Appears in 1 contract
Samples: Collective Bargaining Agreement
TERMINAL LEAVE. 24.123.1. An employee covered by this Agreement, who retires under the provisions of the Employees Retirement System of Milwaukee, (but excluding retirement on deferred or actuarially reduced pensions, as they are defined under the System) ), shall, upon retirement, be entitled to a lump sum payment equivalent to one eight-hour work shift' s 's base salary for each one eight-hour work shift equivalent of the employee' s 's earned and unused sick leave up to a maximum of thirty (30) eight-hour work shifts of pay.
24.223.2. Terminal leave compensation Leave Compensation shall not be construed as affecting the employee' s 's pension benefits. Any payments made under the provisions of this Article shall not have any sum deducted for pension benefits nor shall the payments be included in establishing pension benefits or payments.
24.323.3. Terminal leave compensation Leave Compensation benefits shall be made as soon as is administratively possible after the employee' s 's effective date of retirement.
24.423.4. An employee shall receive terminal leave compensation Terminal Leave Compensation only once during his/her their lifetime.
Appears in 1 contract
Samples: Collective Bargaining Agreement
TERMINAL LEAVE. 24.11. An employee covered by this Agreement, who retires under the provisions of the Employees Retirement System of Milwaukee, (but excluding retirement on deferred or actuarially reduced pensions, as they are defined under the System) ), shall, upon retirement, be entitled to a lump sum payment equivalent to one eight-hour work shift' s 's base salary for each one eight-hour work shift equivalent of the employee' s 's earned and unused sick leave up to a maximum of thirty (30) eight-eight- hour work shifts of pay.
24.22. Terminal leave compensation Leave Compensation shall not be construed as affecting the employee' s 's pension benefits. Any payments made under the provisions of this Article shall not have any sum deducted for pension benefits nor shall the payments be included in establishing pension benefits or payments.
24.33. Terminal leave compensation Leave Compensation benefits shall be made by separate check as soon as is administratively possible after the employee' s 's effective date of retirement.
24.44. An employee shall receive terminal leave compensation Terminal Leave Compensation only once during his/her lifetime.
Appears in 1 contract
Samples: Collective Bargaining Agreement
TERMINAL LEAVE. 24.11. An employee covered by this Agreement, who retires under the provisions of the Employees Retirement System of Milwaukee, (but excluding retirement on deferred or actuarially reduced pensions, as they are defined under the System) ), shall, upon retirement, be entitled to a lump sum payment equivalent to one eight-hour work shift' s base salary for each one eight-hour work shift equivalent of the employee' s earned and unused sick leave up to a maximum of thirty (30) eight-hour work shifts of pay.
24.22. Terminal leave compensation Leave Compensation shall not be construed as affecting the employee' s pension benefits. Any payments made under the provisions of this Article shall not have any sum deducted for pension benefits nor shall the payments be included in establishing pension benefits or payments.
24.33. Terminal leave compensation Leave Compensation benefits shall be made by separate check as soon as is administratively possible after the employee' s effective date of retirement.
24.44. An employee shall receive terminal leave compensation Terminal Leave Compensation only once during his/her lifetime.
Appears in 1 contract
Samples: Collective Bargaining Agreement
TERMINAL LEAVE. 24.122.1. An employee covered by this Agreement, who retires under the provisions of the Employees Retirement System of Milwaukee, (but excluding retirement on deferred or actuarially reduced pensions, as they are defined under the System) ), shall, upon retirement, be entitled to a lump sum payment equivalent to one eight-hour work shift' s base salary for each one eight-hour work shift equivalent of the employee' s earned and unused sick leave up to a maximum of thirty (30) eight-hour work shifts of pay.
24.222.2. Terminal leave compensation Leave Compensation shall not be construed as affecting the employee' s pension benefits. Any payments made under the provisions of this Article shall not have any sum deducted for pension benefits nor shall the payments be included in establishing pension benefits or payments.
24.322.3. Terminal leave compensation Leave Compensation benefits shall be made as soon as is administratively possible after the employee' s effective date of retirement.
24.422.4. An employee shall receive terminal leave compensation Terminal Leave Compensation only once during his/her lifetime.
Appears in 1 contract
Samples: Collective Bargaining Agreement
TERMINAL LEAVE. 24.126.1. An employee covered by this Agreement, who retires under the provisions of the Employees Retirement System of Milwaukee, (but excluding retirement on deferred or actuarially reduced pensions, as they are defined under the System) ), shall, upon retirement, be entitled to a lump sum payment equivalent to one eight-hour work shift' s 's base salary for each one eight-hour work shift equivalent of the employee' s 's earned and unused sick leave up to a maximum of thirty (30) eight-hour work shifts of pay.
24.226.2. Terminal leave compensation Leave Compensation shall not be construed as affecting the employee' s 's pension benefits. Any payments made under the provisions of this Article shall not have any sum deducted for pension benefits nor shall the payments be included in establishing pension benefits or payments.
24.326.3. Terminal leave compensation Leave Compensation benefits shall be made as soon as is administratively possible after the employee' s 's effective date of retirement.
24.426.4. An employee shall receive terminal leave compensation Terminal Leave Compensation only once during his/her their lifetime.
Appears in 1 contract
Samples: Collective Bargaining Agreement
TERMINAL LEAVE. 24.11. An employee covered by this Agreement, who retires under the provisions of the Employees Employes' Retirement System of Milwaukee, (but excluding retirement on deferred or actuarially reduced pensions, as they are defined under the System) ), shall, upon retirement, be entitled to a lump sum payment equivalent to one eight-hour work shift' s 's base salary for each one eight-hour work shift equivalent of the employee' s 's earned and unused sick leave up to a maximum of thirty (30) eight-hour work shifts of pay.
24.22. Terminal leave compensation Leave Compensation shall not be construed as affecting the employee' s 's pension benefits. Any payments made under the provisions of this Article shall not have any sum deducted for pension benefits nor shall the payments be included in establishing pension benefits or payments.
24.33. Terminal leave compensation Leave Compensation benefits shall be made as soon as is administratively possible after the employee' s 's effective date of retirement.
24.44. An employee shall receive terminal leave compensation Terminal Leave Compensation only once during his/her lifetime.
Appears in 1 contract
Samples: Collective Bargaining Agreement