Vacation Payout at Retirement. Vacation payout at retirement for all members of the bargaining unit shall be as follows:
A. Employees shall receive 12 days, either in a cash settlement or in vacation time, these days having been earned during the previous year.
B. Employees shall also receive a cash payout of one day per month for each month worked during the calendar year of retirement.
C. Where the City can verify by its records that an employee received a full vacation during the first calendar year of service, the employee shall not be entitled to the 12-day optional cash or time payout at retirement as provided for above in Section 8 A.
Vacation Payout at Retirement. PERS II and III: Employees who are eligible for retirement under the provisions of the PERS II or PERS Ill plan, AFSCME Employees shall have any and all vacation paid out at time of separation of service (pursuant to Chapter 9.20 of the Personnel Manual) deposited into that AFSCME Employee's HRA VEBA. This is a mandatory deposit, and employees shall not have the ability to take unused vacation at time of separation as pay.
