Accumulated Sick Leave as Termination Benefits. An employee’s estate shall receive 100% of the employee’s accumulated sick leave upon death while employed with the City if the employee has been employed twenty (20) years or more at the time of the employee’s death, and if the employee has been employed less than twenty (20) years, shall receive 50% of the employee’s accumulated sick leave. When any employee who has at least eight (8) years of continuous service with the employer and who is otherwise eligible for retirement benefits resigns, said employee shall receive compensation for any accumulated sick leave. Said compensation shall be 25% of the employee’s accumulated sick leave paid in a lump sum at the employee’s rate of pay with an additional 25% of the employee’s accumulated sick leave paid directly by the city into a retiree health benefit savings account.
Accumulated Sick Leave as Termination Benefits. The estate of any employee covered by this labor agreement will be subject to receipt of one hundred percent (100%) of the employee’s accumulated sick leave upon death while employed by the City of Moline. Any employee covered by this labor agreement and meeting minimum eligibility requirements under the Moline Fire Fighters Pension Plan and who has less than twenty- five (25) years of service will be eligible to convert twenty-five percent (25%) of the employee’s accumulated sick leave into the City of Moline retiree health benefits savings account. Any employee covered by this labor agreement and meeting minimum eligibility requirements under the Moline Fire Fighters Pension Plan and who has twenty- five (25) or more years of service will be eligible to convert fifty percent (50%) of the employee’s accumulated sick leave into the City of Moline retiree health benefits savings account.
