Payment Upon Retirement. All sick leave days which have accrued at the retirement date of the full-time employee shall be paid at a ratio of one (1) day for each two (2) days earned up to a maximum of nine hundred sixty (960) hours of pay. The rate will be that of the full-time employee at time of retirement. There is unlimited accumulation of sick leave. To be eligible under this section, the employee must have worked full-time with the City of Avon for ten (10) years or more and shall have attained an age and service requirement under the employee’s pension system and shall have been approved for service retirement, or be granted a disability pension by the Public Employee Retirement System as the result of a service connected disability.
Payment Upon Retirement. Employees who retire shall be paid, at their current rate of pay, for no more than eighty percent (80%) of all accumulated unused sick leave, capped at up to a maximum of one hundred forty-two (142) paid days/994 hours. For example, an employee whose current rate is $30.00 and:
Payment Upon Retirement. An employee who retires from the District under the Michigan School Employee’s Retirement System will receive a one (1) time payment of one hundred twenty-five dollars ($125) for each year of full-time (nine (9) to twelve (12) month annual schedule, thirty (30) hours per week or more) District service and one hundred dollars ($100) for each year of part-time District service. • Upon retirement, secretaries will receive a payment of ten dollars ($10) for each sick day accumulated over two hundred (200) days.
Payment Upon Retirement. An employee retiring may, upon request, be paid for thirty-five (35) percent of accrued sick leave provided the employee has a sick leave balance of eight hundred (800) hours or more upon his/her retirement date.
Payment Upon Retirement. Upon retirement from Board employment, as defined by the Water Board Retirement Program, the employee shall be paid for fifty percent (50%) of their accumulated sick leave at their regular rate. For purposes of payment upon retirement, accumulated sick leave will be capped at 1,200 hours.
Payment Upon Retirement. Termination 28 Years of Benefited Service for Employees Hired on or Before June 30, 2013 Employees who were hired on or before June 30, 2013, and terminate with at least twenty eight (28) years of benefited City of Berkeley service or employees who retire 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 fifty percent (50%) of their accrued sick leave days up to a maximum of two-hundred (200) unused sick leave days.
Payment Upon Retirement. The benefits, based on Employee's participation in the Plan as originally adopted by the Board of Directors of Inner-City Bank on June 16th, 1983, shall be paid as Deferred Compensation as follows:
Payment Upon Retirement. All Unit members with twenty (20) or more years of service with the District will receive $40.00 for each unused sick or personal day which was earned and not used for the six (6) year period immediately preceding retirement. For purposes of this benefit, six (6) years are calculated from the actual date of retirement at the established annual allocation of sick and personal days. This benefit requires a five (5) month advance notice of retirement. A ten percent (10%) penalty shall be imposed on this benefit for each month said notice is late. In the event of an emergency, the Superintendent shall consider an employee's request to waive the above referenced penalty.
Payment Upon Retirement. Company shall follow applicable law for calculating payment upon retirement for unused sick leave.
Payment Upon Retirement. Employees who retire from active service with MetroParks, and who, at the time of retirement, have completed ten or more years of service with MetroParks, meet the eligibility requirements for retirement under the Public Employees Retirement System ("PERS"), and actually retire under PERS, may elect to receive payment for accrued but unused sick leave at the rate of one day of pay for every four days of accumulated sick leave, not to exceed thirty days of pay. In the event of the death of an employee who had a minimum of ten years of service with MetroParks and was qualified to retire under PERS, accrued but unused sick leave will be paid to the employee's estate at the rate of one day of pay for every four days of accumulated sick leave, not to exceed thirty days of pay.
