Termination of Employment at Retirement. All employees retiring in the same year may elect to cash out unused sick leave. If the group elects to do so, proceeds from such cash- out will be placed into a retirement benefits account. Eligible employees are:
Termination of Employment at Retirement. All employees retiring in the same year may elect to cash out unused sick leave. If the group elects to do so, proceeds from such cash-out will be placed into a retirement benefits account. Eligible employees are:
a. Employees covered by SERS 3 must be at least age fifty-five and have at least 10 years of service credit.
b. Employees covered by SERS 2 or PERS 2 must be at least age fifty-five and have at least fifteen years of service credit.
