Common use of Unused Sick Leave - Retirement Clause in Contracts

Unused Sick Leave - Retirement. Subject to the provision of N.J.S.A. 11:14-9 and rules and regulations promulgated there under, a full-time employee who enters retirement, pursuant to the provisions of a State administered or approved retirement system, and has to his/her credit any earned and unused accumulated Sick Leave shall be entitled to receive supplemental compensation for such earned and unused accumulated Sick Leave only to the extent such is funded by the State. The supplemental compensation to be paid shall be computed at the rate of one-half (½) of the eligible employee’s daily rate of pay for each day of earned and unused accumulated Sick Leave based upon the average annual compensation received during the last year of his/her employment prior to the effective date of his/her retirement, provided, however, that no such supplemental compensation payment shall exceed the statutory limit. This supplemental compensation shall be paid in a lump sum after the effective date of retirement. It may be deferred by the employee for payment within one (1) year of the effective date of retirement.

Unused Sick Leave - Retirement. Subject to the provision of N.J.S.A. 11:1411A:6-9 17 and rules and regulations promulgated there underthereunder, a full-time employee Sergeant who enters retirement, pursuant to the provisions of a State administered or approved retirement system, and has to his/her credit any earned and unused accumulated Sick Leave sick leave shall be entitled to receive supplemental compensation for such earned and unused accumulated Sick Leave sick leave only to the extent such is funded by the State. The supplemental compensation to be paid shall be computed at the rate of one-half (½) of the eligible employeeSergeant’s daily rate of pay for each day of earned and unused accumulated Sick Leave sick leave based upon the average annual compensation received during the last year of his/her employment prior to the effective date of his/her retirement, provided, however, that no such supplemental compensation payment shall exceed the statutory limit. This supplemental compensation shall be paid in a lump sum after the effective date of retirement. It may be deferred by the employee Sergeant for payment within one (1) year of the effective date of retirement.

Unused Sick Leave - Retirement. Subject to the provision of N.J.S.A. 11:1411A:6-9 17 and rules and regulations promulgated there underthereunder, a full-full time qualifying employee who enters retirement, pursuant to the provisions of a State administered or approved retirement system, and has to his/her credit any earned and unused accumulated Sick Leave sick leave accrued during service in an administrative capacity shall be entitled to receive supplemental compensation for such earned and unused accumulated Sick Leave sick leave only to the extent such is funded by the State. The supplemental compensation to be paid shall be computed at the rate of one-half (½1/2) of the eligible employee’s 's daily rate of pay for each day of earned and unused accumulated Sick Leave sick leave based upon the average annual compensation received during the last year of his/her his employment prior to the effective date of his/her retirement, provided, however, that no such supplemental compensation payment shall exceed the statutory limit. This supplemental compensation shall be paid in a lump sum after the effective date of retirement. It may be deferred by the employee for payment within one (1) year of the effective date of retirement.

Unused Sick Leave - Retirement. Subject to the provision of N.J.S.A. 11:14-9 and State rules and regulations (N.J.S.A. 11A:6-17) promulgated there under, a full-time employee Lieutenant who enters retirement, pursuant to the provisions of a State administered or approved retirement system, and has to his/her credit any earned and unused accumulated Sick Leave shall be entitled to receive supplemental compensation for such earned and unused accumulated Sick Leave only to the extent such is funded by the State. The supplemental compensation to be paid shall be computed at the rate of one-half (½) of the eligible employeeLieutenant’s daily rate of pay for each day of earned and unused accumulated Sick Leave based upon the average annual compensation received during the last year of his/her employment prior to the effective date of his/her retirement, provided, however, that no such supplemental compensation payment shall exceed the statutory limitlimit (currently $15,000). This supplemental compensation shall be paid in a lump sum after the effective date of retirement. It may be deferred by the employee Lieutenant for payment within one (1) year of the effective date of retirement.

Unused Sick Leave - Retirement. Subject to the provision of N.J.S.A. 11:14-9 and State rules and regulations (N.J.S.A. 11A:6-17) promulgated there under, a full-time employee Lieutenant who enters retirement, pursuant to the provisions of a State administered or approved retirement system, and has to his/her credit any earned and unused accumulated Sick Xxxx Leave shall be entitled to receive supplemental compensation for such earned and unused accumulated Sick Leave only to the extent such is funded by the State. The supplemental compensation to be paid shall be computed at the rate of one-half (½) of the eligible employeeLieutenant’s daily rate of pay for each day of earned and unused accumulated Sick Leave based upon the average annual compensation received during the last year of his/her employment prior to the effective date of his/her retirement, provided, however, that no such supplemental compensation payment shall exceed the statutory limitlimit (currently $15,000). This supplemental compensation shall be paid in a lump sum after the effective date of retirement. It may be deferred by the employee Lieutenant for payment within one (1) year of the effective date of retirement.

Unused Sick Leave - Retirement. Subject to the provision of N.J.S.A. 11:1411A:6-9 17 and rules and regulations promulgated there underthereunder, a full-time employee Sergeant who enters retirement, pursuant to the provisions of a State administered or approved retirement system, and has to his/her his credit any earned and unused accumulated Sick Leave sick leave shall be entitled to receive supplemental compensation for such earned and unused accumulated Sick Leave sick leave only to the extent such is funded by the State. The supplemental compensation to be paid shall be computed at the rate of one-half (½) of the eligible employeeSergeant’s daily rate of pay for each day of earned and unused accumulated Sick Leave sick leave based upon the average annual compensation received during the last year of his/her his employment prior to the effective date of his/her retirement, provided, however, that no such supplemental compensation payment shall exceed the statutory limit. This supplemental compensation shall be paid in a lump sum after the effective date of retirement. It may be deferred by the employee Sergeant for payment within one (1) year of the effective date of retirement.

Unused Sick Leave - Retirement. Subject to the provision of N.J.S.A. 11:1411:4-9 and rules and regulations promulgated there underthereunder, a full-time employee who enters retirementRetirement, pursuant to the provisions of a State administered or approved retirement system, and has to his/her his credit any earned and unused accumulated Sick Leave shall be entitled to receive supplemental compensation for such earned and unused accumulated Sick Leave only to the extent such is funded by the State. The supplemental compensation to be paid shall be computed at the rate of one-half (½) of the eligible employee’s daily rate of pay for each day of earned and unused accumulated Sick Leave based upon the average annual compensation received during the last year of his/her his employment prior to the effective date of his/her retirementhis Retirement, provided, however, that no such supplemental compensation payment shall exceed the statutory limit. This supplemental compensation shall be paid in a lump sum after the effective date of retirementRetirement. It may be deferred by the employee for payment within one (1) year of the effective date of retirementRetirement.

Unused Sick Leave - Retirement. Subject to the provision of N.J.S.A. 11:1411A:6-9 17 and rules and regulations promulgated there under, a full-time employee who enters retirement, pursuant to the provisions of a State administered or approved retirement system, and has to his/her credit any earned and unused accumulated Sick Leave shall be entitled to receive supplemental compensation for such earned and unused accumulated Sick Leave only to the extent such is funded by the State. The supplemental compensation to be paid shall be computed at the rate of one-half (½) of the eligible employee’s daily rate of pay for each day of earned and unused accumulated Sick Leave based upon the average annual compensation received during the last year of his/her employment prior to the effective date of his/her retirement, provided, however, that no such supplemental compensation payment shall exceed the statutory limit. This supplemental compensation shall be paid in a lump sum after the effective date of retirement. It may be deferred by the employee for payment within one (1) year of the effective date of retirement.