Common use of Terminal Pay for Accumulated Sick Leave Clause in Contracts

Terminal Pay for Accumulated Sick Leave. A. The Board will provide terminal pay to an employee at early or normal retirement or to his/her beneficiary if service is terminated by death. Such terminal pay shall be an amount determined by the daily rate of pay of the employee at retirement or death multiplied by those percentages as outlined in Florida Statutes 1012.61(2) and 100% of the employee's accumulated sick leave days unless changed by future negotiations or law. The employee must leave the employment of the School Board directly into the Florida Retirement System in either early or normal retirement status.

Terminal Pay for Accumulated Sick Leave. A. Section 1 The Board will provide terminal pay to an employee at early or normal retirement from the Florida Retirement System or to his/her his beneficiary if service is terminated by death. Such terminal pay shall be an amount determined by the daily rate of pay of the employee at retirement or death multiplied by those percentages as outlined in consistent with section 1012.61, Florida Statutes 1012.61(2) and 100% of the employee's accumulated sick leave days unless changed by future negotiations or law. The employee must leave the employment of the School Board directly into the Florida Retirement System in either early or normal retirement statusStatutes.

Terminal Pay for Accumulated Sick Leave. A. Section 1 The Board will provide terminal pay to an employee at early or normal retirement or to his/her his beneficiary if service is terminated by death. Such terminal pay shall be an amount determined by the daily rate of pay of the employee at retirement or death multiplied by those percentages as outlined in Florida Statutes 1012.61(2) and 100% of the employee's accumulated sick leave days unless changed by future negotiations or law. The employee must leave the employment of the School Board directly into the Florida Retirement System in either early or normal retirement statusStatutes, Section 1012.61.