Xxxx leave payout upon retirement. Upon retirement, employees covered by this agreement shall receive a percentage of the unused sick leave balance credited to the employee’s individual HRA/XXXX. Credit will be provided at the employee’s wage rate at retirement in accordance with the following schedule: UNUSED SICK LEAVE HOURS PERCENTAGE OF CREDIT 1-399 30% 400-599 40% 600-1200 50% Employees must provide to the City four weeks advance written notice of retirement unless extenuating circumstances prevent this notice. No compensation for unused accrued sick leave shall be provided if employment with the City ends for any reason other than retirement pursuant to ORS 238.280.
Xxxx leave payout upon retirement. Upon termination of service from Webberville Schools, teachers retiring from the teaching profession will receive 50% of their unused sick days up to 50 days (Example: If a teacher had accumulated sick days at time of retirement equaling 300, the teacher would be paid for 50% of 50 days. In other words, the teacher would be paid for 25 days.) The pay will be computed on the teacher’s current hourly pay at the time of retirement. By mutual agreement between the retiree and the BOARD payment may be made in one lump sum. Retirement means:
