Unused Sick Leave at Retirement Sample Clauses

Unused Sick Leave at Retirement. Any staff member who has reached the minimum years of service as specified below and has accumulated sick leave shall be eligible for payment of a sum as indicated below at retirement:
Sample 1
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Unused Sick Leave at Retirement. A member of the bargaining unit who gives notice of intent to retire three (3) months in advance of retirement, shall receive, upon retirement, one (1) day’s pay for each three (3) days of accumulated sick leave, up to a maximum of ninety (90) days. The District shall make any payment due hereunder as a non-elective employer contribution to a 403(b) program that confirms it can accept the contribution in accordance with applicable internal Revenue Code rules and regulations. Such payment shall be made to the 403(b) program within 30 days following retirement Members who notify the District of their intent to retire by December 3, 2012 for retirement to be effective no later than June 30, 2013 shall be entitled to payment of unused sick leave at the rate of two (2) days’ pay for each three (3) accumulated sick days to a maximum of 180 days.
Sample 1
Unused Sick Leave at Retirement. Accrued, unused sick leave shall be forfeited at the time of separation or termination of employment; the employee who has a minimum of 720 hours of accumulated unused sick leave, and has an approved pension from the Illinois Municipal Retirement Fund (IMRF), shall upon retirement be paid at their regular salary, in a lump sum into the employee’s VEBA Health Reimbursement Account (HRA), according to the following schedule: After 20 years of service 240 hours of pay After 25 years of service 360 hours of pay After 30 years of service 480 hours of pay An hour of pay for the purposes of this Section shall be defined as the employee’s straight time hourly rate of pay immediately prior to the time of retirement, plus certification pay and/or shift differential pay if the employee is receiving certification pay and/or shift differential pay immediately prior to the time of retirement. In the event of the death of an active employee who otherwise would be eligible under this provision, a lump sum payout will be paid to the employee’s estate. The amount attributable to unused sick leave in accordance with the above provisions shall be deposited on a pre-tax basis at the time of the employee’s retirement in the employee’s VEBA Health Reimbursement Account (HRA) for use by the employee for purposes specified in the Village’s VEBA HRA plan document, including but not necessarily limited to payment for continued coverage under the Village’s group hospitalization and medical insurance program and for unreimbursed medical expenses approved by the VEBA HRA. The VEBA HRA plan document provides that if there is any amount remaining in an employee’s account at the time of death, the remaining amount will be disbursed as provided by the plan document.
Sample 1
Unused Sick Leave at Retirement. A. Certificated Staff/Secretaries
Sample 1
Unused Sick Leave at Retirement. A. Certificated Staff/Secretaries 1. The Board shall pay a retiring employee at the employee's daily rate, to a maximum payment of $13,750 in 2007-08, $14,250 in 2008-09, and $14,750 in 2009-10, for one- half (1/2) of the employee’s total unused sick leave accrued in the Xxxxxxxx Township School District. Such unused sick leave must have been accumulated while working for the school district. A retiring employee shall be defined as a person who has applied for and is receiving pension benefits from PERS/TPAF. The foregoing benefit shall be paid to the estate of any employee who deceases while employed by the Board. 2. The Board shall pay a resigning employee, who has at least fifteen (15) years of service in the Xxxxxxxx Township School District, and who takes a deferred retirement under PERS/TPAF, at the employee’s daily rate for one-half (1/2) of the employee’s total unused sick leave accrued in the Xxxxxxxx Township School District. Payment shall be capped at one-half of the maximum payment set forth in paragraph A.1. (e.g., $6,500 for 2006-07). Such unused sick leave must have been accumulated while working for the school district. Any person who receives a payment under this paragraph and later returns to the New Jersey pension system shall immediately reimburse the District for the payment received.
Sample 1
Unused Sick Leave at Retirement. 1. Any individual who has, at retirement, a minimum of twenty-four years of service in the Keshequa Central School District and who has accumulated more than One Hundred and Fifty (150) days in their Individual Sick Leave Emergency Reserve will receive $50 for each day over 150.
Sample 1
Unused Sick Leave at Retirement. An employee who retires with ten (10) or more years of continuous service to the District and who retires in accordance with the rules and regulations of the applicable New York State Retirement System (with or without penalty) shall be paid $60.00 for each day of sick leave unused as of the effective date of their retirement, up to a maximum of one-hundred sixty (160) days. Such payment shall be made on the date the employee's retirement becomes effective.
Sample 1
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Related to Unused Sick Leave at Retirement

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • Unused Sick Leave The accrual of unused sick leave hours is unlimited. The City and the Union commit to the evaluation and establishment of a mutually beneficial non-use of sick leave incentive and pay-out policy. Until such time that a policy is established, accumulated sick leave shall be compensated as follows: Upon retirement from the City service, an employee shall be paid sixty percent (60%) of his accumulated sick leave, with the rate of payment based upon his regular pay at the time he retires. Upon the death of an employee, his beneficiary shall be paid sixty percent (60%) of his accumulated unused sick leave, with the payment based upon his regular pay at the date of his death.

  • Accrued 100% sick leave The use of sick leave under this subsection is at the employee's discretion.

  • Sick Leave Credit-Based Retirement Gratuities 1) A Teacher is not eligible to receive a sick leave credit gratuity after August 31, 2012, except a sick leave credit gratuity that the Teacher had accumulated and was eligible to receive as of that day. 2) If the Teacher is eligible to receive a sick leave credit gratuity, upon the Teacher’s retirement, the gratuity shall be paid out at the lesser of, a) the rate of pay specified by the board’s system of sick leave credit gratuities that applied to the Teacher on August 31, 2012; and b) the Teacher’s salary as of August 31, 2012. 3) If a sick leave credit gratuity is payable upon the death of a Teacher, the gratuity shall be paid out in accordance with subsection (2). 4) For greater clarity, all eligibility requirements must have been met as of August 31, 2012 to be eligible for the aforementioned payment upon retirement, and the Employer and Union agree that any and all wind-up payments to which Teachers without the necessary years of service were entitled to under Ontario Regulation 01/13: Sick Leave Credits and Sick Leave Credit Gratuities, have been paid. 5) For the purposes of the following boards, despite anything in the board’s system of sick leave credit gratuities, it is a condition of eligibility to receive a sick leave credit gratuity that the Teacher have ten (10) years of service with the board: i. Near North District School Board ii. Avon Maitland District School Board iii. Xxxxxxxx-Xxxxxxxxx District School Board

  • Sick Leave Payout No cash payment for unused sick leave will be paid to any employee leaving the service of the Employer.

  • Sick Leave Accrual All eligible employees shall accrue sick leave at the rate of four (4) hours per pay period of continuous employment beginning with their date of eligibility. Eligible employees being paid for less than a full eighty (80) hour pay period shall have sick leave accruals pro-rated in accord with the schedule set forth in Appendix D.

  • Sick Leave Usage 1. Sick leave may be used by an employee when sick, injured, or quarantined. Also sick leave may be used on the occasion of an illness in the employee's family, where a need can be shown. 2. In computing compensation payable for sick leave, the compensation paid shall be the amount the employee would earn during the sick leave period if working at their current rate of pay and work schedule without the inclusion of overtime earnings.

  • Sick Leave Pay A Nurse granted sick leave shall be paid for the period of such leave at her or his regular hourly rate of pay and the number of hours thus paid shall be deducted from the accumulated sick leave credits of the Nurse.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Pre-Retirement Leave An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to: (a) A special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; or (b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

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