Common use of Use of Sick Leave Upon Retirement Clause in Contracts

Use of Sick Leave Upon Retirement. Upon retirement, including disability retirement, employees shall receive credit for all unused sick leave as follows: Accumulated, unused sick leave in both the active and banked sick leave accounts shall be converted at current value and credited to the employee’s account for the purpose of paying the cost of the monthly premiums of a health insurance and/or life insurance policy. Upon written authority from or upon the death of a retired employee, or upon the death of an active employee, the spouse or surviving spouse shall be entitled to the value of the sick leave bank in both the active and banked sick leave accounts as converted in the previous paragraph for the purpose of paying the cost of monthly premiums of a health insurance and/or life insurance policy for the employee’s spouse or dependents. If the Carrier of either the health or life insurance policy is not a current contracted Carrier with the State of Iowa, or the Council or any of its sub-organizations, the employee or spouse shall be eligible for reimbursement of a premium payment to that Carrier upon submission of proof of payment as directed by the Department of Administrative Services - State Accounting Enterprise. If there is a dissolution of marriage or divorce, it is the employee’s responsibility to withdraw their authority from the Department of Administrative Services - State Accounting Enterprise.

Use of Sick Leave Upon Retirement. Upon retirement, including disability retirement, employees shall receive credit for all unused sick leave as follows: Accumulated, unused sick leave in both the active and banked sick leave accounts shall be converted at current value and credited to the employee’s account for the purpose of paying the cost of the monthly premiums of a health insurance and/or life insurance policy. Upon written authority from or upon the death of a retired employee, or upon the death of an active employee, the spouse or surviving spouse shall be entitled to the value of the sick leave bank in both the active and banked sick leave accounts as converted in the previous paragraph for the purpose of paying the cost of monthly premiums of a health insurance and/or life insurance policy for the employee’s spouse or dependents. If the Carrier of either the health or life insurance policy is not a current contracted Carrier with the State of Iowa, or the Council or any of its sub-organizations, the employee or spouse shall be eligible for reimbursement of a premium payment to that Carrier upon submission of proof of payment as directed by the Department of Administrative Services - – State Accounting Enterprise. If there is a dissolution of marriage or divorce, it is the employee’s responsibility to withdraw their authority from the Department of Administrative Services - – State Accounting Enterprise.

Use of Sick Leave Upon Retirement. Upon retirement, including disability retirement, employees shall receive credit for all unused sick leave as follows: Accumulated, unused sick leave in both the active and banked sick leave accounts shall be converted at current value and credited to the employee’s account for the purpose of paying the cost of the monthly premiums of a health insurance and/or life insurance policy. Upon written authority from or upon the death of a retired employee, or upon the death of an active employee, the spouse or surviving spouse shall be entitled to the value of the sick leave bank in both the active and banked sick leave accounts as converted in the previous paragraph for the purpose of paying the cost of monthly premiums of a health insurance and/or life insurance policy for the employee’s spouse or dependents. If the Carrier of either the health or life insurance policy is not a current contracted Carrier with the State of Iowa, or the Council or any of its sub-organizationssuborganizations, the employee or spouse shall be eligible for reimbursement of a premium payment to that Carrier upon submission of proof of payment as directed by the Department of Administrative Services - State Accounting Human Resources Enterprise. If there is a dissolution of marriage or divorce, it is the employee’s responsibility to withdraw their authority from the Department of Administrative Services - State Accounting Human Resources Enterprise.