Common use of Conversion of Accumulated Sick Leave Clause in Contracts

Conversion of Accumulated Sick Leave. Employees qualifying for retirement under Nevada PERS with a minimum of twenty (20) years of total service with the City of Sparks may elect to convert a percentage of the employee's accumulated sick leave to an unfunded City account for the purpose of paying for group health insurance under the City's group health insurance plan. The schedule of conversion is as follows: Years of Service Sick Leave Conversion Percentage 20 75% 21 80% 22 85% 23 90% 24 95% 25 or more 100% The employee’s sick leave conversion account shall be assigned a present value based on the date of retirement equal to the number of hours of accumulated sick leave times the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the retiree's accumulated sick leave and xxxxx said account on a dollar-for-dollar basis. The City will pay the retiree's group health coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the retiree has made arrangements to continue group health coverage at their own expense. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree is eligible to receive Medicare supplemental coverage through the City’s group health plan so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. A surviving spouse shall continue to receive medical coverage under this benefit so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as described. Should an employee transfer into this contract from another unit or resolution within the City, the employee will retain the conversion benefit earned under the previous contract.

Conversion of Accumulated Sick Leave. Employees retiring and qualifying for retirement under Nevada PERS with a minimum of between twenty (20) and twenty-five (25) years of total service with the City of Sparks may elect to convert a percentage the following percentages of the employee's accumulated sick leave balance to an unfunded City city account for the purpose of paying for group health insurance benefits under the City's ’s group health insurance plan, or other subsidy on a monthly basis. The schedule of conversion is as follows: Years of Service Sick Leave Conversion Percentage 20 75% 21 80% 22 85% 23 90% 24 95% 25 or more 100% The employee’s sick leave conversion account shall would be assigned a present value based on as of the date of retirement equal to the number of hours of accumulated sick leave times multiplied by the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the a retiree's accumulated sick leave and xxxxx said account on a dollar-for-dollar basis. The City will pay the retiree's group health medical coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree will receive Medicare supplemental coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the retiree has made arrangements agrees to continue group health coverage at their own expense. When a retired employee becomes eligible pay for Medicare coverage or other federal programs, the retiree is eligible to receive Medicare supplemental coverage through the City’s group health plan so long as there is a balance of accumulated sick leave adequate to cover the monthly premiumcosts themselves. A surviving spouse shall will continue to receive medical coverage under this benefit so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the coverage is paid for by the surviving spouse. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as describeddescribed above. Should an employee transfer into this contract from another unit or resolution within The fund to which the City, accumulated sick leave is credited does not accrue interest and does not have cash value. The City pays for the employee will retain retiree's medical coverage by debiting the conversion benefit earned under monthly cost of such coverage out of the previous contractappropriate City fund.

Conversion of Accumulated Sick Leave. Employees retiring and qualifying for retirement under Nevada PERS with a minimum of twenty (20) years of total service with the City of Sparks may elect to convert a percentage the following percentages of the employee's accumulated sick leave balance to an unfunded City city account for the purpose of paying for group health insurance coverage under the City's group health insurance planplan on a monthly basis. The schedule of conversion is as follows: Years of Service Sick Leave Conversion Percentage 20 75% 21 80% 22 85% 23 90% 24 95% 25 or more 100% The employee’s sick leave conversion account shall be is assigned a present value based on as of the date of retirement equal to the number of hours of accumulated sick leave times multiplied by the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the a retiree's accumulated sick leave and xxxxx debit said account on a dollar-for-dollar basis. The City will pay the retiree's group health coverage so long as there is a balance of accumulated sick leave adequate conversion funds. The fund to cover which the monthly premium, or the retiree has made arrangements to continue group health coverage at their own expenseaccumulated sick leave balance is credited does not accrue interest and does not have cash value. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree is eligible to will receive Medicare supplemental coverage through from the City’s group health insurance plan so long as there is a balance of accumulated sick leave adequate conversion funds, or the retiree agrees to cover pay for the monthly premiumcosts themselves. A surviving spouse shall will continue to receive medical group health insurance coverage under this benefit as set forth in Section 3, Article A so long as there is a balance of accumulated sick leave adequate to cover conversion funds, or the monthly premiumcoverage is paid for by the surviving spouse. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as described. Should an employee transfer into this contract from another unit or resolution within the City, the employee will retain the conversion benefit earned under the previous contractdescribed above.

Conversion of Accumulated Sick Leave. Employees qualifying for retirement under Nevada PERS with a minimum of twenty (20) years of total service with the City of Sparks may elect to convert a percentage of the employee's accumulated sick leave to an unfunded City account for the purpose of paying for group health insurance under the City's group health insurance plan. The schedule of conversion is as follows: Years of Service Sick Leave Conversion Percentage 20 75% 21 80% 22 85% 23 90% 24 95% 25 or more 100% The employee’s sick leave conversion account shall be assigned a present value based on the date of retirement equal to the number of hours of accumulated sick leave times the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the retiree's accumulated sick leave and xxxxx debit said account on a dollar-for-dollar basis. The City will pay the retiree's group health coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the retiree has made arrangements to continue group health coverage at their own expense. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree is eligible to receive Medicare supplemental coverage through the City’s group health plan so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. A surviving spouse shall continue to receive medical coverage under this benefit so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as described. Should an employee transfer into this contract from another unit or resolution within the City, the employee will retain the conversion benefit earned under the previous contract.

Conversion of Accumulated Sick Leave. Employees retiring and qualifying for retirement under Nevada PERS with a minimum of twenty (20) years of total service with the City of Sparks may elect to convert a percentage of the employee's accumulated sick leave to an unfunded City account for the purpose of paying for group health insurance under the City's group health insurance plan. The schedule of conversion is as follows: Years of Service Sick Leave Conversion Percentage 20 75% 21 80% 22 85% 23 90% 24 95% 25 or more 100% The employee’s sick leave conversion account shall be assigned a present value based on the date of retirement equal to the number of hours of accumulated sick leave times the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the retiree's accumulated sick leave and xxxxx said account on a dollar-for-dollar basis. The City will pay the retiree's group health coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the retiree has made arrangements to continue group health coverage at their own expense. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree is eligible to receive Medicare supplemental coverage through the City’s group health plan so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. A surviving spouse shall continue to receive medical coverage under this benefit so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as described. Should an employee transfer into this contract from another unit or resolution within the City, the employee will retain the conversion benefit earned under the previous contract.

Conversion of Accumulated Sick Leave. Employees qualifying for retirement under Nevada PERS with a minimum of twenty (20) years of total service with MANAGER separating from the City of Sparks CITY may elect to convert a the percentage set forth below in the table of the employeeMANAGER's accumulated unused sick leave to an unfunded City CITY account for the purpose of paying for group health insurance future medical coverage under the CityCITY's then existing group health medical insurance plan. The schedule of conversion is as followsplan or the medical plan offered through the Public Employees Benefit Plan (PEBP), on a monthly basis in accordance with the following table: Years of Service Sick Leave Conversion Percentage 20 75Converted 10 50% 21 11 60% 12 70% 13 80% 22 85% 23 14 90% 24 95% 25 or more 15 100% The employee’s sick leave conversion account shall will be assigned a present value based on as of the date of retirement separation equal to the number of hours of accumulated sick leave times the employeeMANAGER's base hourly rate multiplied by the conversion percentage at the time of retirementseparation. The City will account for Upon MANAGER’s retirement in the retiree's accumulated sick leave PERS system and xxxxx said account on a dollar-for-dollar basis. The City if otherwise qualified CITY will pay the retiree's group health medical coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. CITY will account for MANAGER's accumulated sick leave and debit said account on a dollar for dollar basis. Upon retirement, or if retired MANAGER does not continue medical coverage under the retiree has made arrangements to continue City of Sparks group health policy, retired MANAGER and spouse will not be eligible for the benefits outlined herein. Pursuant to Nevada Revised Statute 287.0205 retired MANAGER or spouse may reinstate coverage at their own expensein January of any even numbered year as long as the City of Sparks was Employee’s last Nevada public employer. Upon reinstatement retired MANAGER or spouse will pay in full the current health plan premium. When a retired employee MANAGER becomes eligible for Medicare coverage or other federal programs, the retiree is eligible to retired MANAGER will receive Medicare supplemental coverage through the City’s group health plan so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. A surviving spouse shall will continue to receive medical coverage under this benefit so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as describeddescribed above. Should The fund to which the accumulated sick leave is credited does not accrue interest and does not have cash value. CITY pays for the retired MANAGER’s medical coverage by debiting the monthly cost of such coverage from the retiree's accumulated sick leave balance and paying the actual cost of such coverage out of the appropriate CITY fund. The retiree may request an employee transfer into this contract from another unit annual summary of the sick leave balance. Eligibility: MANAGER who elects Option 2 set forth below to have sick leave payoff in cash at termination accordance with Option 2 is not entitled to Option 1, conversion of accumulated sick leave to an insurance benefit. MANAGER electing sick leave conversion to an insurance benefit is not entitled to sick leave payoff in cash. SICK LEAVE CONVERSION OPTION 2 At MANAGER’s option, CITY shall pay to MANAGER a payment equal to fifty (50%) of unused accumulated Sick Leave up to a maximum of two thousand five hundred hours (2,500) earned with the CITY upon termination of MANAGER’s employment or resolution within the City, the employee will retain the conversion benefit earned under the previous contractMANAGER’s death to be paid at MANAGER’s then hourly rate.

Conversion of Accumulated Sick Leave. Employees retiring and qualifying for retirement under Nevada PERS with a minimum of twenty fifteen (2015) years of total service with the City of Sparks may elect to convert a percentage the following percentages of the employee's accumulated sick leave balance to an unfunded City city account for the purpose of paying for group health insurance coverage under the City's group health insurance planplan on a monthly basis. The schedule of conversion is as follows: Years of Service Sick Leave Conversion Percentage 15 50% 16 55% 17 60% 18 65% 19 70% 20 75% 21 80% 22 85% 23 90% 24 95% 25 or more 100% The employee’s sick leave conversion account shall be is assigned a present value based on as of the date of retirement equal to the number of hours of accumulated sick leave times multiplied by the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the a retiree's accumulated sick leave and xxxxx said account on a dollar-for-dollar basis. The City will pay the retiree's group health coverage so long as there is a balance of accumulated sick leave adequate conversion funds. The fund to cover which the monthly premium, or the retiree has made arrangements to continue group health coverage at their own expenseaccumulated sick leave balance is credited does not accrue interest and does not have cash value. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree is eligible to will receive Medicare supplemental coverage through from the City’s group health insurance plan so long as there is a balance of accumulated sick leave adequate conversion funds, or the retiree agrees to cover pay for the monthly premiumcosts themselves. A surviving spouse shall will continue to receive medical group health insurance coverage under this benefit as set forth in Section 3, Article A so long as there is a balance of accumulated sick leave adequate to cover conversion funds, or the monthly premiumcoverage is paid for by the surviving spouse. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as described. Should an employee transfer into this contract from another unit or resolution within the City, the employee will retain the conversion benefit earned under the previous contractdescribed above.

Conversion of Accumulated Sick Leave. Employees retiring and qualifying for retirement under Nevada PERS with a minimum of twenty (20) years of total service with the City of Sparks may elect to convert a percentage seventy-five percent (75%) of the employee's accumulated sick leave balance to an unfunded City city account for the purpose of paying for group health insurance medical coverage under the City's group health insurance plan. The schedule Employees retiring and qualifying for retirement under Nevada PERS with a minimum of conversion is as follows: between twenty-one (21) and twenty-five (25) years of total service with the City of Sparks may elect to convert the following percentages of the employee's accumulated sick leave balance to an unfunded city account for the purpose of paying for medical coverage under the City's group health insurance plan on a monthly basis. Years of Continuous Service Sick Leave Conversion Percentage 20 75% Percentages 21 80% 80 22 85% 85 23 90% 90 24 95% 95 25 or more 100% 100 The employee’s sick leave conversion account shall be is assigned a present value based on as of the date of retirement equal to the number of hours of accumulated sick leave times multiplied by the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the a retiree's accumulated sick leave and xxxxx said account on a dollar-for-dollar basis. The City will pay the retiree's group health medical coverage so long as there is a balance of accumulated sick leave adequate conversion funds. The fund to cover which the monthly premium, or the retiree has made arrangements to continue group health coverage at their own expenseaccumulated sick leave balance is credited does not accrue interest and does not have cash value. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree is eligible to will receive Medicare supplemental coverage through from the City’s group health plan City Health Insurance Plan so long as there is a balance of accumulated sick leave adequate conversion funds, or the retiree agrees to cover pay for the monthly premiumcosts themselves. A surviving spouse shall will continue to receive medical coverage under this benefit as set forth in Section 3, Article A (4) so long as there is a balance of accumulated sick leave adequate to cover conversion funds, or the monthly premiumcoverage is paid for by the surviving spouse. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as described. Should an employee transfer into this contract from another unit or resolution within the City, the employee will retain the conversion benefit earned under the previous contractdescribed above.

Conversion of Accumulated Sick Leave. Employees retiring and qualifying for retirement under Nevada PERS with a minimum of twenty fifteen (2015) years of total service with the City of Sparks may elect to convert a percentage the following percentages of the employee's accumulated sick leave balance to an unfunded City city account for the purpose of paying for group health insurance coverage under the City's group health insurance planplan on a monthly basis. The schedule of conversion is as follows: Years of Service Sick Leave Conversion Percentage 15 50% 16 55% 17 60% 18 65% 19 70% 20 75% 21 80% 22 85% 23 90% 24 95% 25 or more 100% The employee’s sick leave conversion account shall be is assigned a present value based on as of the date of retirement equal to the number of hours of accumulated sick leave times multiplied by the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the a retiree's accumulated sick leave and xxxxx debit said account on a dollar-for-dollar basis. The City will pay the retiree's group health coverage so long as there is a balance of accumulated sick leave adequate conversion funds. The fund to cover which the monthly premium, or the retiree has made arrangements to continue group health coverage at their own expenseaccumulated sick leave balance is credited does not accrue interest and does not have cash value. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree is eligible to will receive Medicare supplemental coverage through from the City’s group health insurance plan so long as there is a balance of accumulated sick leave adequate conversion funds, or the retiree agrees to cover pay for the monthly premiumcosts themselves. A surviving spouse shall will continue to receive medical group health insurance coverage under this benefit as set forth in Section 3, Article A so long as there is a balance of accumulated sick leave adequate to cover conversion funds, or the monthly premiumcoverage is paid for by the surviving spouse. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as described. Should an employee transfer into this contract from another unit or resolution within the City, the employee will retain the conversion benefit earned under the previous contractdescribed above.

Conversion of Accumulated Sick Leave. Employees qualifying for retirement under Nevada PERS with a minimum of twenty (20) years of total service with the City of Sparks may elect to convert a percentage of the employee's accumulated sick leave to an unfunded City account for the purpose of paying for group health insurance medical coverage under the City's then-existing group health medical insurance planplan or the Medical Plan offered through the Public Employees Benefits Plan, on a monthly basis. The schedule of conversion is as follows: Years of Service Sick Leave Conversion Percentage 20 75% 21 80% 22 85% 23 90% 24 95% 25 years or more 100% The employee’s sick leave conversion account shall would be assigned a present value based on as of the date of retirement equal to the number of hours of accumulated sick leave times the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the retiree's accumulated sick leave and xxxxx debit said account on a dollar-for-dollar basis. The City will pay the retiree's group health medical coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the retiree has made arrangements to continue group health coverage at their own expense. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree is eligible to will receive Medicare supplemental coverage through the City’s group health plan so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. A surviving spouse shall will continue to receive medical coverage under this benefit so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as described. The fund to which the accumulated sick leave is credited does not accrue interest and does not have cash value. The City pays for the retiree's medical coverage by debiting the monthly cost of such coverage from the retiree's accumulated sick leave balance and paying the actual cost out of the appropriate City fund. Should an employee transfer into this contract from another unit or resolution within the City, the employee will retain the conversion benefit earned under the previous contract.

Conversion of Accumulated Sick Leave. Employees retiring and qualifying for retirement under Nevada PERS with a minimum of twenty fifteen (2015) years of total service with the City of Sparks may elect to convert a percentage of the employee's accumulated sick leave to an unfunded City account for the purpose of paying for group health insurance under the City's group health insurance plan. The schedule of conversion is as follows: Years of Service Sick Leave Conversion Percentage 15 50% 16 55% 17 60% 18 65% 19 70% 20 75% 21 80% 22 85% 23 90% 24 95% 25 or more 100% The employee’s sick leave conversion account shall be assigned a present value based on the date of retirement equal to the number of hours of accumulated sick leave times the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the retiree's accumulated sick leave and xxxxx debit said account on a dollar-for-dollar basis. The City will pay the retiree's group health coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the retiree has made arrangements to continue group health coverage at their own expense. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree is eligible to receive Medicare supplemental coverage through the City’s group health plan so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. A surviving spouse shall continue to receive medical coverage under this benefit so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as described. Should an employee transfer into this contract from another unit or resolution within the City, the employee will retain the conversion benefit earned under the previous contract.

Conversion of Accumulated Sick Leave. Employees qualifying for retirement under Nevada PERS with a minimum of twenty (20) years of total service with MANAGER separating from the City of Sparks CITY may elect to convert a the percentage set forth below in the table of the employeeMANAGER's accumulated unused sick leave to an unfunded City CITY account for the purpose of paying for group health insurance future medical coverage under the CityCITY's then existing group health medical insurance plan. The schedule of conversion is as followsplan or the medical plan offered through the Public Employees Benefit Plan (PEBP), on a monthly basis in accordance with the following table: Years of Service Sick Leave Conversion Percentage 20 75Converted 10 50% 21 11 60% 12 70% 13 80% 22 85% 23 14 90% 24 95% 25 or more 15 100% The employee’s sick leave conversion account shall will be assigned a present value based on as of the date of retirement separation equal to the number of hours of accumulated sick leave times the employeeMANAGER's base hourly rate multiplied by the conversion percentage at the time of retirementseparation. The City will account for Upon MANAGER’s retirement in the retiree's accumulated sick leave PERS system and xxxxx said account on a dollar-for-dollar basis. The City if otherwise qualified CITY will pay the retiree's group health medical coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. CITY will account for MANAGER's accumulated sick leave and debit said account on a dollar for dollar basis. Upon retirement, or if retired MANAGER does not continue medical coverage under the retiree has made arrangements to continue City of Sparks group health policy, retired MANAGER and spouse will not be eligible for the benefits outlined herein. Pursuant to Nevada Revised Statute 287.0205 retired MANAGER or spouse may reinstate coverage at their own expensein January of any even numbered year as long as the City of Sparks was Employee’s last Nevada public employer. Upon reinstatement retired MANAGER or spouse will pay in full the current health plan premium. When a retired employee MANAGER becomes eligible for Medicare coverage or other federal programs, the retiree is eligible to retired MANAGER will receive Medicare supplemental coverage through the City’s group health plan so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. A surviving spouse shall will continue to receive medical coverage under this benefit so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as describeddescribed above. Should The fund to which the accumulated sick leave is credited does not accrue interest and does not have cash value. CITY pays for the retired MANAGER’s medical coverage by debiting the monthly cost of such coverage from the retiree's accumulated sick leave balance and paying the actual cost of such coverage out of the appropriate CITY fund. The retiree may request an employee transfer into annual summary of the sick leave balance. Eligibility: MANAGER who elects Option 2 set forth below to have sick leave payoff in cash at termination accordance with Option 2 is not entitled to Option 1, conversion of accumulated sick leave to an insurance benefit. MANAGER electing sick leave conversion to an insurance benefit is not entitled to sick leave payoff in cash. SICK LEAVE CONVERSION OPTION 2 Sick Leave Cash-Out Provision: As an alternative to Sick Leave Conversion, MANAGER, upon retirement, may elect a cash out of this contract from another unit benefit as follows: Years of Service Cash-Out Percentage 10 50% 15 60% 20 75% 21 80% 22 85% 23 90% 24 95% 25 or resolution within more 100% Retired MANAGER may elect an annual payment of conversion dollars in annual payments that provide equal payout over time. Maximum annual payment will not exceed twenty five thousand dollars ($25,000.00). Once election is made, it may not be changed. Upon death of the retired MANAGER, payments will be made to the retired MANAGER’s then living spouse only, and the payments are otherwise nontransferable. If the sick leave payout is nominally over twenty-five thousand dollars ($25,000.00), at the discretion of the Finance Director, the remaining balance may be paid. If the account is valued at less than fifteen-thousand dollars ($15,000.00), and cash-out is elected, the full amount will be paid upon termination of employment. If the sick leave payout is nominally over the fifteen-thousand dollars ($15,000.00), at the discretion of the Finance Director, the remaining balance may be paid out. If the retired MANAGER chooses this cash out option, the retired MANAGER is not eligible to continue on the City’s group health insurance plan for themselves and dependents. However, retired MANAGER may return to the City’s group health insurance plan pursuant Nevada Revised Statute on any even-numbered year and pay the full cost of coverage and annual cash payments may continue as selected. If still employed as the MANAGER, and MANAGER suffers a non-service related death, the employee MANAGER’s beneficiaries or estate shall receive a one-time payment of a percentage of MANAGER’s accumulated sick leave in accordance with years of service in the sick leave cash out table in Option 2. At no time, will retain the conversion benefit earned under onetime payment exceed twenty-five thousand ($25,000.00) no matter the previous contractyears of service. After the initial payment, the payments cease. No other benefits are available to MANAGER’s beneficiaries or estate from accumulated sick leave.

Conversion of Accumulated Sick Leave. Employees retiring and qualifying for retirement under Nevada PERS with a minimum of between twenty (20) and twenty-five (25) years of total service with the City of Sparks may elect to convert a percentage the following percentages of the employee's accumulated sick leave balance to an unfunded City city account for the purpose of paying for group health insurance benefits under the City's City‟s group health insurance plan, or other subsidy on a monthly basis. The schedule of conversion is as follows: Years of Continuous Service Sick Leave Conversion Percentage 20 years or more 75% 21 years or more 80% 22 years or more 85% 23 years or more 90% 24 years or more 95% 25 years or more 100% The employee’s sick leave conversion account shall would be assigned a present value based on as of the date of retirement equal to the number of hours of accumulated sick leave times multiplied by the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City city will account for the a retiree's accumulated sick leave and xxxxx said account on a dollar-for-dollar basis. The City will pay the retiree's group health medical coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the retiree has made arrangements to continue group health coverage at their own expense. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree is eligible to will receive Medicare supplemental coverage through the City’s group health plan so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. A surviving spouse shall will continue to receive medical coverage under this benefit so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as describeddescribed above. Should an employee transfer into this contract from another unit or resolution within The fund to which the City, accumulated sick leave is credited does not accrue interest and does not have cash value. The City pays for the employee will retain retiree's medical coverage by debiting the conversion benefit earned under monthly cost of such coverage out of the previous contractappropriate City fund.

Conversion of Accumulated Sick Leave. Employees retiring and qualifying for retirement under Nevada PERS with a minimum of twenty fifteen (2015) years of total service with the City of Sparks may elect to convert a percentage of the employee's accumulated sick leave to an unfunded City account for the purpose of paying for group health insurance under the City's group health insurance plan. The schedule of conversion is as follows: Years of Service Sick Leave Conversion Percentage 15 50% 16 55% 17 60% 18 65% 19 70% 20 75% 21 80% 22 85% 23 90% 24 95% 25 or more 100% The employee’s sick leave conversion account shall be assigned a present value based on the date of retirement equal to the number of hours of accumulated sick leave times the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the retiree's accumulated sick leave and xxxxx said account on a dollar-for-dollar basis. The City will pay the retiree's group health coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the retiree has made arrangements to continue group health coverage at their own expense. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree is eligible to receive Medicare supplemental coverage through the City’s group health plan so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. A surviving spouse shall continue to receive medical coverage under this benefit so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as described. Should an employee transfer into this contract from another unit or resolution within the City, the employee will retain the conversion benefit earned under the previous contract.

Conversion of Accumulated Sick Leave. Employees qualifying for retirement under Nevada PERS with a minimum of twenty (20) years of total service with the City of Sparks may elect to convert a percentage of the employee's accumulated sick leave to an unfunded City account for the purpose of paying for group health insurance medical coverage under the City's then-existing group health medical insurance planplan or the Medical Plan offered through the Public Employees Benefits Plan, on a monthly basis. The schedule of conversion is as follows: Years of Service Sick Leave Conversion Percentage 20 75% 21 80% 22 85% 23 90% 24 95% 25 years or more 100% The employee’s employee sick leave conversion account shall xxxxxxxxxx be assigned a present value based on as of the date of retirement equal to the number of hours of accumulated sick leave times the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the retiree's accumulated sick leave and xxxxx said account on a dollar-for-dollar basis. The City will pay the retiree's group medicalgroup health coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the retiree has made arrangements to continue group health coverage Group Health Coverage at their own expense. .. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree is xxxxxx eligible to receive Medicare supplemental coverage through the City’s group health plan City Group Health Plan coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. A surviving spouse will shall continue to receive medical coverage under this benefit so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as described. The fund to which the accumulated sick leave is credited does not accrue interest and does not have cash value. The City pays for the retiree's medical coverage by debiting the monthly cost of such coverage from the retiree's accumulated sick leave balance and paying the actual cost out of the appropriate City fund. Should an employee transfer into this contract from another unit or resolution within the City, the employee will retain the conversion benefit earned under the previous contract.

Conversion of Accumulated Sick Leave. Employees retiring and qualifying for retirement under Nevada PERS with a minimum of twenty (20) years or more of total service with the City of Sparks may elect to convert a percentage the following percentages of the employee's accumulated sick leave balance to an unfunded City city account for the purpose of paying for group health insurance benefits under the City's ’s group health insurance plan, or other subsidy on a monthly basis. The schedule of conversion is as follows: Years of Service Sick Leave Conversion Percentage 20 75% 21 80% 22 85% 23 90% 24 95% 25 or more 100% The employee’s sick leave conversion account shall would be assigned a present value based on as of the date of retirement equal to the number of hours of accumulated sick leave times multiplied by the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the a retiree's accumulated sick leave and xxxxx debit said account on a dollar-for-dollar basis. The City will pay the retiree's group health medical coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree will receive Medicare supplemental coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the retiree has made arrangements agrees to continue group health coverage at their own expense. When a retired employee becomes eligible pay for Medicare coverage or other federal programs, the retiree is eligible to receive Medicare supplemental coverage through the City’s group health plan so long as there is a balance of accumulated sick leave adequate to cover the monthly premiumcosts themselves. A surviving spouse shall will continue to receive medical coverage under this benefit so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the coverage is paid for by the surviving spouse. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as describeddescribed above. Should an employee transfer into this contract from another unit or resolution within The fund to which the City, accumulated sick leave is credited does not accrue interest and does not have cash value. The City pays for the employee will retain retiree's medical coverage by debiting the conversion benefit earned under monthly cost of such coverage out of the previous contractappropriate City fund.

Conversion of Accumulated Sick Leave. Employees Upon ratification by the Association and approval by the City Council and not retroactive to July 1, 2008, employees qualifying for retirement under Nevada PERS with a minimum of twenty (20) years of total service with the City of Sparks may elect to convert a percentage of the employee's accumulated sick leave to an unfunded City account for the purpose of paying for group health insurance medical coverage under the City's then existing group health medical insurance planplan or the Medical Plan offered through the Public Employees Benefit Plan, on a monthly basis. The schedule of conversion is as follows: Years of Service Sick Leave Conversion Percentage 20 75% 21 80% 22 85% 23 90% 24 95% 25 years or more 100% The employee’s sick leave conversion account shall would be assigned a present value based on as of the date of retirement equal to the number of hours of accumulated sick leave times the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the retiree's accumulated sick leave and xxxxx debit said account on a dollar-for-dollar basis. The City will pay the retiree's group health medical coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the retiree has made arrangements to continue group health coverage at their own expense. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree is eligible to will receive Medicare supplemental coverage through the City’s group health plan so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. A surviving spouse shall will continue to receive medical coverage under this benefit so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as described. The fund to which the accumulated sick leave is credited does not accrue interest and does not have cash value. The City pays for the retiree's medical coverage by debiting the monthly cost of such coverage out of the appropriate City fund. Should an employee transfer into this contract from another unit or resolution within the City, the employee will retain the conversion benefit earned under the previous contract.

Conversion of Accumulated Sick Leave. Employees qualifying for retirement under Nevada PERS with a minimum of twenty fifteen (2015) years of total service with the City of Sparks may elect to convert a percentage of the employee's accumulated sick leave to an unfunded City account for the purpose of paying for group health insurance under the City's group health insurance plan. The schedule of conversion is as follows: Years of Service Sick Leave Conversion Percentage 15 50% 16 55% 17 60% 18 65% 19 70% 20 75% 21 80% 22 85% 23 90% 24 95% 25 or more 100% The employee’s sick leave conversion account shall be assigned a present value based on the date of retirement equal to the number of hours of accumulated sick leave times the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the retiree's accumulated sick leave and xxxxx debit said account on a dollar-for-dollar basis. The City will pay the retiree's group health coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the retiree has made arrangements to continue group health coverage at their own expense. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree is eligible to receive Medicare supplemental coverage through the City’s group health plan so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. A surviving spouse shall continue to receive medical coverage under this benefit so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as described. Should an employee transfer into this contract from another unit or resolution within the City, the employee will retain the conversion benefit earned under the previous contract.

Conversion of Accumulated Sick Leave. Employees retiring and qualifying for retirement under Nevada PERS with a minimum of between twenty (20) and twenty-five (25) years of total service with the City of Sparks may elect to convert a percentage the following percentages of the employee's accumulated sick leave balance to an unfunded City city account for the purpose of paying for group health insurance benefits under the City's ’s group health insurance plan, or other subsidy on a monthly basis. The schedule of conversion is as follows: Years of Service Sick Leave Conversion Percentage 20 75% 21 80% 22 85% 23 90% 24 95% 25 or more 100% The employee’s sick leave conversion account shall would be assigned a present value based on as of the date of retirement equal to the number of hours of accumulated sick leave times multiplied by the employee's base hourly rate multiplied by the conversion percentage at the time of retirement. The City will account for the a retiree's accumulated sick leave and xxxxx debit said account on a dollar-for-dollar basis. The City will pay the retiree's group health medical coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium. When a retired employee becomes eligible for Medicare coverage or other federal programs, the retiree will receive Medicare supplemental coverage so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the retiree has made arrangements agrees to continue group health coverage at their own expense. When a retired employee becomes eligible pay for Medicare coverage or other federal programs, the retiree is eligible to receive Medicare supplemental coverage through the City’s group health plan so long as there is a balance of accumulated sick leave adequate to cover the monthly premiumcosts themselves. A surviving spouse shall will continue to receive medical coverage under this benefit so long as there is a balance of accumulated sick leave adequate to cover the monthly premium, or the coverage is paid for by the surviving spouse. This benefit is nontransferable and does not survive the retiree except as to a surviving spouse as describeddescribed above. Should an employee transfer into this contract from another unit or resolution within The fund to which the City, accumulated sick leave is credited does not accrue interest and does not have cash value. The City pays for the employee will retain retiree's medical coverage by debiting the conversion benefit earned under monthly cost of such coverage out of the previous contractappropriate City fund.