TERMINAL LEAVE. A. Any employee who retires on a monthly pension payment from the Public Employees Retirement System after completing twenty-five (25) years of service with the Township of Teaneck shall be eligible for a lump sum terminal leave payment based on 50% of his/her accumulated sick leave
Appears in 3 contracts
TERMINAL LEAVE. A. Any employee who retires on a monthly pension payment from the Public Employees Retirement System after completing twenty-five (25) years of service with the Township of Teaneck shall be eligible for a lump sum terminal leave payment based on 50% of his/her accumulated sick leave.
Appears in 2 contracts
Samples: Agreement, Collective Bargaining Agreement
TERMINAL LEAVE. A. Any employee who retires on a monthly pension payment from the Public Employees Retirement System after completing twenty-five (25) years of service with the Township of Teaneck shall be eligible for a lump sum terminal leave payment based on 50% of his/her accumulated sick leaveleave time.
Appears in 2 contracts
TERMINAL LEAVE. A. Any employee who retires on a monthly pension payment from the Public Employees Retirement System after completing twenty-five (25) years of service with the Township of Teaneck shall be eligible for a lump sum terminal leave payment based on amounting to fifty percent (50% %) of his/her accumulated sick leaveleave at the employee’s salary rate at the time of retirement.
Appears in 1 contract
Samples: Agreement
TERMINAL LEAVE. A. Any employee who retires on a monthly pension payment from the Public Employees Police and Firemen’s Retirement System after completing twenty-five (25) years of service with the Township of Teaneck Teaneck, shall be eligible for a lump sum terminal leave payment as heretofore calculated based on 50% of his/her his accumulated sick leaveleave time.
Appears in 1 contract
Samples: Agreement
