Annual Sick Leave Cash Out. In January following any year in which an employee reaches a minimum accrual of four hundred eighty (480) hours of sick leave, the employee may receive cash at the employee’s straight time rate for any sick leave hours accumulated during the prior calendar year; provided that employees will not be permitted to reduce their sick leave balances below four hundred eighty (480) hours through sick leave cash out. Sick leave will be cashed out at a rate of one (1) hour’s pay for each four (4) hours of sick leave. Hours cashed out will be deducted from the employee’s sick leave balance.
Annual Sick Leave Cash Out. In January of the year following any year in which a minimum of sixty days of leave for illness or injury is accrued, and each January thereafter, any eligible employee may exercise an option to receive remuneration for unused leave for illness or injury accumulated in the previous year at a rate equal to one day's monetary compensation of the employee for each four full days of accrued leave for illness or injury in excess of sixty days. Leave for illness or injury for which compensation has been received shall be deducted from accrued leave for illness or injury at the rate of four days for every one day's monetary compensation: Provided that no employee may receive compensation under this section for any portion of leave for illness or injury accumulated at a rate in excess of one day per month.
Annual Sick Leave Cash Out. Employees are allowed to cash in unused sick leave days above an accumulation of sixty (60) full days at a ratio of one full day of monetary compensation for four (4) accumulated sick leave days. At the employee's option, they can cash-out their unused sick leave days in January of the school year following any year in which a minimum of sixty (60) days of sick leave is accrued and each January thereafter, at a rate equal to one day's monetary compensation of the employee for each four (4) full days of accrued sick leave in excess of sixty (60) days. The employee's sick leave accumulation shall be reduced four (4) days for each day compensated.
Annual Sick Leave Cash Out. 1. Any employee who has accumulated more than three hundred and thirty (330), but less than six hundred and sixty (660) hours of sick leave, has the option of "cashing out" those sick leave hours in excess of three hundred and thirty (330) using the foregoing formula. The amount of the entitled "cash out" shall be calculated by subtracting the number of sick leave hours used during the preceding twelve (12) months from the annual leave hours accrual amount of one hundred four (104) hours and dividing the balance by two (2) and paying the employee for the quotient at the employee's current base rate of pay, e.g., 104 hours - 4 sick leave used hours – 100 hours/2 = 50 hours x base rate of pay. At no time shall the employee's total accrual fall below three hundred and thirty (330) hours.
Annual Sick Leave Cash Out. Employees are allowed to cash in unused sick leave days above an accumulation of sixty
Annual Sick Leave Cash Out. In accordance with the attendance incentive program established by RCW 28B.50.553, employees are eligible to be paid for accrued sick leave as follows:
Annual Sick Leave Cash Out. In January of the year following any year in which a minimum of sixty (60) days of sick leave is accrued, and each January thereafter, any eligible employee may exercise an option either:
Annual Sick Leave Cash Out. 3.1 In January of the year following any year in which a minimum of sixty (60) days of leave for illness or injury is accrued, and each January thereafter, any eligible employee may exercise an option to receive remuneration for unused leave for illness or injury accumulated in the previous calendar year at a rate equal to one
Annual Sick Leave Cash Out. In January of every year, an eligible school district employee who has accumulated over sixty
Annual Sick Leave Cash Out. At the end of each year, employees with at least ten (10) days of banked sick leave (or the proportional equivalent for part-time employees) may cash out up to ten (10) days of unused annual sick leave, at 50% value. Employees with fewer than ten (10) days of banked sick leave must first apply unused annual sick leave toward reaching a minimum balance of ten (10) days (or proportional equivalent) of banked sick leave. Once that minimum balance is reached, additional unused annual sick leave may be cashed out, up to a maximum of ten (10) days, at 50% of value. All unused annual sick leave days that are not converted to cash will be automatically credited to banked sick leave at 100% of value.
