Sick Leave Buyback definition

Sick Leave Buyback. Each January, any eligible employee who, at the end of the immediately previous calendar year, shall have accumulated in excess of sixty (60) days of unused sick leave may elect to receive remuneration for unused sick leave earned the previous year at the rate of 25 percent of the employee’s current full-time daily rate of compensation for each full day of eligible sick leave (a maximum of three days in any one calendar year). Any such election shall be made by written notice to the District office during the month of January on forms provided by the District. All sick leaves days converted pursuant to this section shall be deducted from the employee’s accumulated sick leave balance. Any such annual conversion of accumulated sick leave shall be subject to the terms and limitations of Washington Administration Code. Any employee who shall retire or who shall die while employed by the District may elect (personally or by his/her personal representative, as appropriate) to convert accumulated unused sick leave days to monetary compensation at the rate of 25 percent of the employee’s full-time daily rate of compensation at the time of termination from employment for each full day of eligible sick leave, up to a maximum of 180 days. An employee separating from the employment for purposes of retirement must be eligible to immediately commence receiving retirement benefits from a state retirement system to be eligible for conversion of sick leave for compensation. Any such conversion of sick leave upon retirement or death shall be subject to the terms and limitations of Washington Administrative Code. 1190 1191 1192 1193 1194 1195 1196 1197 1198 1199 1200 1201 1202 1203 1204 1205 1206 1207 1208 1209 1210 1211 1212 1213 1214 1215 1216 1217 1218 1219 1220 1221 1222 1223 1224 1225 1226 1227 1228 1229 1230 1231 1232 1233 1234 1235 1236 1237 For purposes of this section, “eligible employee” means
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Examples of Sick Leave Buyback in a sentence

  • However, the SRA will be coordinated with the City’s Sick Leave Buyback program.

  • Once a bargaining unit member elects to participate in the matching 403(b) plan, he/she shall be ineligible to participate in the Sick Leave Buyback benefit.

  • Section 4.8 Sick Leave Buyback An employee who has accumulated more than thirty-six (36) sick leave days may be paid, upon written request, for any sick leave days in excess of thirty-six (36), at a rate equal to one-half of the employee's regular daily wage rate at the time the request is made.

  • To alleviate this problem, the parties implemented an Annual Sick Leave Buyback Program with the goal of reducing the ever increasing unfunded liability of the severance plan while at the same time provide a potentially annual compensation for unused sick days in a method that would increase the value of those days at a rate greater than accumulated days had increased under the old severance plan.

  • Use of Other Accrued Leave when Sick Employees are expected to use their Sick Leave when sick, and not use other accrued leave time (except the planned use of Personal Time) to avoid the use of Sick Leave so as to make themselves eligible for the Sick Leave Buyback Annual Incentive.

  • For those teachers who rescind their notice of intent to retire the one time and who want to receive the Sick Leave Buyback benefit in the future, the three (3) year process will start anew.

  • Sick Leave Buyback Incentive will be paid annually on the pay day preceding Christmas.

  • An employee who opts for these Alternative Experience Increments will forgo any Sick Leave Buyback payments and other benefits under Article 11 for which s/he may be eligible and any future Experience Increment payments as defined in 3.5, starting with the school year in which payments under this Article commence.

  • RCW 28A.400.300(2)(e) – Leave shall accumulate from year to year up to a maximum of 180 days for the purpose of RCW 28A.400.210 (Annual Sick Leave Buyback) and RCW 28A.400.220 (Employee salary or compensation limitations), and for leave purposes up to a maximum of the number of contract days agreed to in a given contract, but not greater than one year.

  • However, annual accumulations of sick leave days, including personal business leaves and funeral leaves accumulated as additional sick leave days during a year, are subject to buyback pursuant to the Annual Sick Leave Buyback Program under Section E of Article XIII if the accumulated sick leave days exceed one hundred twenty (120) days.

Related to Sick Leave Buyback

  • Paid sick leave – means paid leave under the Emergency Paid Sick Leave Act.

  • Sick Leave means the period of time an employee is absent from work with or without pay, by virtue of sickness, quarantine, or accident, or out-of-town medical/dental referrals for which compensation is not payable under the Worker's Compensation Act.

  • Current Sick Leave means those days of sick leave for the current contract year, which leave is granted at the rate of one day of sick leave per month worked, or major part thereof.

  • Vacation means annual vacation with pay.

  • Leave of Absence means absent from work with permission.

  • Approved Leave of Absence means a leave of absence that has been approved by the applicable Participating Company in such a manner as the Board may determine from time to time.

  • parental bereavement leave means leave under section 80EA of the Employment Rights Act 1996;

  • self-employment route means assistance in pursuing self-employed earner’s employment whilst participating in—

  • Leave Salary means the monthly amount paid by the University to an employee who is on leave.

  • Medically Necessary Leave of Absence means a Leave of Absence by a full-time student Dependent at a postsecondary educational institution that:

  • Senior Employee means a person who, at any time during the last twelve months of Executive’s period of employment hereunder:

  • Mass layoff means a reduction in force which:

  • Junior Employee means an employee under the age of nineteen years, who is in receipt of less than the prescribed adult rate of wage.

  • Leave Year means the period during which the Agency Worker accrues and may take statutory leave commencing on the date that the Agency Worker starts an Assignment or a series of Assignments;

  • Management Company Employee means an individual employed by a Person providing management services to the Company which are required for the ongoing successful operation of the business enterprise of the Company, but excluding a Person engaged in Investor Relations Activities;

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Dental means of or relating to the teeth and the work of a dentist.

  • Compensatory time off means authorized time off earned by or awarded to an employee to compensate in whole or in part for time worked in excess of the minimum work time required of that employee as a condition of his or her employment.

  • Leave means authorized absence from duty by an employee during his or her regular or normal hours of work;

  • Units serving lower income households means units that are occupied by lower income households at an affordable rent, as defined in section 50053 of the Health and Safety Code or, to the extent that the terms of federal, state, or local financing or financial assistance conflicts with section 50053, rents that do not exceed those prescribed by the terms of the financing or financial assistance. Effective October 13, 2017, pursuant to Revenue and Taxation Code section 214(g)(2)(A)(iii), a unit in a property that receives federal low income housing tax credits shall continue to be treated as occupied by a lower income household if the occupants were lower income households on the lien date in the fiscal year in which their occupancy of the unit commenced and the unit continues to be rent restricted, notwithstanding an increase in the income of the occupants of the unit to 140 percent of area median income (AMI), adjusted for family size (“over-income” tenants). Units reserved for lower income households at an affordable rent that are temporarily vacant due to tenant turnover or repairs shall be counted as occupied.

  • Disabled Veteran Business Enterprise (DVBE) means a business concern certified as a DVBE by the Office of Small Business Certification and Resources, Department of General Services.

  • Leave of Absence Without Pay means to be absent from duty with permission but without pay.

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • Supervisory employee means an employee, regardless of job description, having authority in the interest of the employer to hire, transfer, suspend, lay off, recall, promote, discharge, assign, reward, or discipline other employees, or the responsibility to assign work to and direct them, or to adjust their grievances, or effectively recommend that action, if, in connection with the foregoing functions, the exercise of that authority is not of a merely routine or clerical nature, but requires the use of independent judgment.

  • Paid leave means time away from work by an employee for which the employee receives compensation, and is limited to sick time, vacation time, compensatory time and leave that is provided as an aggregate amount for use at the discretion of the employee for any of these same purposes. "Paid leave" does not include paid short-term or long-term disability, catastrophic leave or similar types of benefits.[PL 2005, c. 455, §1 (NEW).]