Payment for Sick Days. All employees who separate from the County after four (4) years of continuous service, or retirement, or death, shall receive payment at their regular hourly rate of pay at the time of separation or retirement or death of one-half (1/2) of all accumulated sick leave, unless the separation is a result of disciplinary action. Each Employee shall designate, in writing, the recipient of sick pay payment in the case of the death of the employee. The failure of an employee to designate, in writing, the recipient of sick pay payments shall constitute a forfeiture of such payment.
Payment for Sick Days. All retiring administrative and instructional personnel who have attained the age of fifty- five (55) by June 30 of the retirement year, have fifteen (15) years or more of credit experience in the Kankakee Valley School Corporation, and have acquired retirement status as recognized by the Teacher's Retirement Fund Board of the State of Indiana shall be eligible for additional compensation at the time of retirement on the following basis:
Payment for Sick Days a. The Board agrees to make a payment to each professional employee, retiring under the Public School Employees Retirement System (PSERS) or who dies while in active service with twenty-five (25) years or more service, ten (10) years of which have been in the Shamokin Area School District, fifty dollars ($50) per day based on the number of unused accumulated sick leave days. Such payment will be made directly into a bona fide Healthcare Reimbursement Account (VEBA) to be used for healthcare costs as per the guidelines of the HRA or a bona fide, district approved, tax sheltered annuity plan, such as a 403(b) plan. In the event of the employee’s death, such payment will be made to the employee’s beneficiary.
Payment for Sick Days. All administrative and instructional personnel who have attained the age of fifty-five
