Common use of Years of Benefitted Service Clause in Contracts

Years of Benefitted Service. All accumulated sick leave shall be canceled when an employee terminates or is terminated, except as provided below for employees hired on or before June 30, 2013. For employees hired on or before June 30, 2013 who retire or voluntarily terminate with a vested pension, and with at least twenty (20) and not more than twenty-eight (28) years of service shall be entitled to receive payment at retirement or termination with a vested pension of thirty eight percent (38%) of accumulated sick leave but not, in any event, more than their stated fractional amount of the two-hundred (200) day maximum accumulation. Employees who voluntarily separate from service with a vested pension and at least twenty-eight (28) years of benefited City of Berkeley service shall be entitled to receive payment in an amount equal to fifty percent (50%) of their accrued sick leave days up to a maximum of two hundred (200) unused sick leave days. Permanent Disability: Any employee hired on or before June 30, 2013 and retiring on permanent disability arising out of and incurred in the course and scope of his/her employment with the City shall be entitled to receive payment at retirement for thirty-eight percent (38%) of accumulated unused sick leave days, but not, in any event, more than thirty-eight percent (38%) of the two hundred (200) day maximum accumulation. Employees retiring on permanent disability arising out of and incurred in the course and scope of their employment with the City with at least twenty-eight (28) years of benefited service shall be entitled to receive payment in an amount equal to 50% of their accrued sick leave days up to a maximum of two hundred unused sick leave days. Annual Sick Leave Payout: Employees hired on or before June 30, 2013 who regularly work one-half (½) time or more and who have attained the two hundred