Unused Accrued Leave. Unused accrued leave shall have unlimited accumulation. Worker's Disability Compensation and any other salary continuation plan for which the Board makes payment shall be an offset to any accrued leave payments. Upon Michigan Public School Employees Retirement System retirement, the Board shall compensate the teacher for all unused accrued days at the following rates: $10.00 per day for each day when leave days total between 0 and 99, $20.00 per day for each day when leave days total between 100-149, $30.00 per day for each day when leave days total between 150-199, $40.00 per day for each day when leave days total between 200-249 and $50.00 per day for each day when leave days total 250 or more.
Unused Accrued Leave. Effective July 1, 2006, an eligible employee may on a once-a-year basis elect to convert up to a maximum of two (2) weeks paid leave hours into a calendar year-end bonus at the rate of Five Dollars and Fifty Cents ($5.50) per hour. To be eligible for such a bonus, an employee must maintain a balance of at least twenty (20) accrued paid leave days in his/her account after the conversation of the paid leave days. Requests for bonus payments shall be given to the Employer in writing and signed by the employee no later than December 1 each year. Payment of the bonus shall be made in December. Upon retirement from the Fruitport Community Schools, the employee shall be paid an amount equal to Five Dollars and Fifty Cents ($5.50) times the number of accumulated paid leave hours he/she has accumulated. To qualify, the employee must qualify for retirement under the Michigan Public School Employees Retirement System.
Unused Accrued Leave. Effective July 1, 2006, an eligible employee may on a once-a-year basis elect to convert up to a maximum of two (2) weeks paid leave hours into a calendar year-end bonus at the rate of Five Dollars and Fifty Cents ($5.50) per hour. To be eligible for such a bonus, an employee must maintain a balance of at least twenty (20) accrued paid leave days in his/her account after the conversation of the paid leave days. Requests for bonus payments shall be given to the Employer in writing and signed by the employee no later than December 1 each year. Payment of the bonus shall be made in December. Upon retirement from the Fruitport Community Schools, the employee shall be paid an amount equal to Five Dollars and Fifty Cents ($5.50) times the number of accumulated paid leave hours he/she has accumulated. To qualify, the employee must qualify for retirement under the Michigan Public School Employees Retirement System. If the employee is retiring at the end of the school year, then the employee needs to provide the Board with at least thirty (30) calendar days from the last date of the school year. If the employee is retiring during the school year, then the employee needs to provide the Board with at least sixty (60) calendar days from the employee’s last date of employment.
Unused Accrued Leave. Unused accrued leave shall have unlimited accumulation. Worker’s Disability Compensation and any other salary continuation plan for which the Board makes payment shall be an offset to any accrued leave payments. Upon Michigan Public School
