Unused Sick Leave Reimbursement. For any unused sick day over the 100 accumulated days, teachers or their beneficiary will be reimbursed $35 per day at the end of each school year. The number of accumulated sick days shall be stated on the first paycheck stub of each year.
Unused Sick Leave Reimbursement. The Board of Trustees of the Xxxxxx Public Schools will provide unused sick leave reimbursements to eligible teacher personnel. The reimbursement is solely for teaching personnel contracted by the Xxxxxx Public School System.
Unused Sick Leave Reimbursement. 1. Teachers resigning from the District for the purposes of retirement having served the District for a minimum of fifteen (15) years and eligible for service retirement under the New York State Teachers’ Retirement System (NYSTRS) shall be granted the following benefit: 0-50 $0 $0 51-100 $75 $3,750 101-150 $80 $4,000 Cumulative Total $12,000 e.g. 51 days of accumulated sick days = $75.00 award 63 days of accumulated sick days = $900.00 award 110 days of accumulated sick days = $4,550.00 award
2. All such payments shall be deposited as a one-time, non-discretionary, non-elective employer contribution to the IRC 403-b account of each eligible employee. The employer non-elective contribution set forth above shall be contributed to the provider designated by each eligible retiring employee to receive employer contributions. The employee must designate a 403-b account to accept said donation as required by law. Eligible employees shall notify the District in writing of the total elective contribution, if any, made by them to any 403(b) accounts outside of that which they contribute as a teacher of the Mount Pleasant Central School District by at least one month prior to the teacher’s effective date of retirement. The exception to this notice requirement would be in the event that the Board of Education adopts a NYS Retirement Incentive plan.
3. The District shall make the maximum non-elective contribution permitted under IRC §415 (c)(1) of 1986 as amended. In the event that the aggregate of the employer non-elective contribution and the employee elective contributions exceeds the applicable annual contribution limitation, the excess amount shall be paid directly to the eligible retiring employee as compensation, subject to any and all applicable taxes.
4. The MPTA acknowledges that the District has made no representations to the MPTA or its members as to the position of the Internal Revenue Service regarding the tax-deferred status of the above-referenced contributions or as to the position of NYSTRS regarding whether these contributions shall be included in the members’ final average salary. The District acknowledges that the MPTA has made no representations to its members as to the position of the IRS on the tax-deferred status of the above-referenced contributions or as to the position of NYSTRS regarding whether these contributions shall be included in the members’ final average salary.
Unused Sick Leave Reimbursement. )a) The total unused sick leave an employee may accumulate is one hundred and twenty (120) days.
)b) Annually, an employee shall be paid for all unused sick leave days due his credit in excess of one hundred and twenty (120) days at the rate of one day's pay for each two days sick leave.
a) c) If funds are available, an employee with more than 60 days of sick leave will be able to cash in those dates at the rate provided for above.
b) d) Employees hired after July 1, 2023 will be ineligible for this benefit.
Unused Sick Leave Reimbursement. At separation from the TOWN, except for just cause, the employee shall be paid at the rate of one day's pay for each two (2) days of sick leave accumulated up to a maximum payment of Ten Thousand Dollars ($10,000.00).
Unused Sick Leave Reimbursement. The following procedures will be used in providing for cash reimbursement for unused sick leave:
Unused Sick Leave Reimbursement. The total of unused sick leave for an employee may accumulate to one hundred twenty (120) days. Each employee will be paid annually for all unused sick leave days due his credit in excess of one hundred twenty (120) days at the rate of one days pay for each two days excess sick leave. At retirement, an employee shall be paid for all unused sick leave days up to the maximum amount to be accumulated of one hundred twenty (120) days at the above rate of one days pay for each two days of sick leave so accumulated to a maximum of sixty (60) days pay. An employee that was hired before July 1, 2022, and who resigns after completion of ten
Unused Sick Leave Reimbursement. Upon retirement, a service employee with ten years of service in District 99 will receive fifty dollars ($50.00) per day for unused sick leave up to a maximum of $5,000. This payout will be paid only to an employee who has accrued sick days remaining after the employee has utilized any and all sick days to secure additional service credit with IMRF. The payout shall be made as a post retirement severance payment once the employee’s final retirement has been calculated by IMRF and the employee provides his/her final unused sick day report to the District he/she received from IMRF.
Unused Sick Leave Reimbursement. When teachers qualify for retirement under the Utah State Retirement Plan, they are eligible for the following benefit:
a. First ninety days unused sick leave - no compensation. b. 91-120 days unused sick leave - $7.50 per day up to $225.00.
Unused Sick Leave Reimbursement. 10.4.1. The administrators’ retirement payment for unused sick leave days 111-140 will be $7.50 per day and for days 141 through 220 will be $12.50 per day.
