Common use of Unused Sick Days at Retirement Clause in Contracts

Unused Sick Days at Retirement. For employees who have worked at Jamesville-▇▇▇▇▇▇ for a minimum of ten (10) consecutive years, who are eligible to receive their pension from N.Y.S.E.R.S., and for whom ▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇▇ is their final employer, the District agrees to compensate the employee, at retirement, for unused sick days accrued. For employees retiring July 1,2004, or after, the following choices would be offered for the use of unused sick days: Option A. The District agrees to compensate the employee, at retirement, for unused sick days multiplied by $25 per day. The maximum of accrued unused sick day is 240 days. Option B. Upon retirement, the District will utilize the employees unused sick days to maximize the benefit for the employee under Section 41-j. A unit employee may convert all unused accumulation that is not utilized under Section 41-j of the NYSERS to a cash stipend at the rate of $30/day.

Unused Sick Days at Retirement. Payout of sick leave at retirement - For employees who have worked at Jamesville-▇▇▇▇▇▇ J- D for a minimum of ten often (10) consecutive years, who are eligible to receive their pension from N.Y.S.E.R.S., and for whom ▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇▇ is their final employer, the District agrees to compensate the employee, at retirement, for unused sick days accrued. For employees retiring July 1,2004, utilizing either option A or after, the following choices would be offered for the use of unused sick days: option B (employee’s choice): — Option A. The District agrees to compensate the employee, at retirement, for A : Accrued unused sick days (maximum of 240) less sixty (60), the remainder multiplied by $25 25.00 per day. The maximum of accrued unused sick day is 240 days: Example only:240 days (max. ) -60 days 180 days x $25 $4,500 Option B. B: Upon retirement, the District district will utilize the employees employee’s unused sick days to maximize the benefit for the employee under Section 41-j. j of the NYSERS. A unit employee may convert all unused accumulation that is not utilized under Section 41-j of the NYSERS to a cash stipend at the rate of $30/20 per day.

Unused Sick Days at Retirement. For employees who have worked at Jamesville-▇▇▇▇▇▇▇▇▇▇-▇▇ ▇▇▇▇ for a minimum of ten (10) consecutive years, who are eligible to receive their pension from N.Y.S.E.R.S., and for whom ▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇▇ is their final employer, the District agrees to compensate the employee, at retirement, for unused sick days accrued. For employees retiring July 1,2004, or after, the following choices would be offered for the use of unused sick days: Option A. The District agrees to compensate the employee, at retirement, for unused sick days multiplied by $25 per day. The maximum of accrued unused sick day is 240 days. Option B. Upon retirement, the District will utilize the employees unused sick days to maximize the benefit for the employee under Section 41-j. A unit employee may convert all unused accumulation that is not utilized under Section 41-j of the NYSERS to a cash stipend at the rate of $30/day.