PAYMENT FOR UNUSED SICK DAYS. 1. When any employee retires from the district, he/she shall be reimbursed as follows: 2018-21 -- 20 years of service / $60 00 per day / monetary cap of $ 11,000 15 years of service/ $50 00 per day / monetary cap of $ 11,000 10 years of service / $40 00 per day / monetary cap of $ 11,000
PAYMENT FOR UNUSED SICK DAYS. (A) Employees who have accumulated four hundred and eighty (480) hours into their sick leave bank shall continue to accumulate Sick Leave at the rate of four (4) hours per month. Such employees shall automatically be compensated for all hours above four hun- dred and eighty (480) hours on the second (2nd) pay period follow- ing August 1st of each year. The rate of pay for such excess hours shall be the rate in effect as of July 31st of that year.
PAYMENT FOR UNUSED SICK DAYS. (F) An employee who is unable to work due to an off-the- job injury or illness shall be removed from the seniority list after a period of three (3) years, unless extended by mutual agreement between the Union and the Employer. This provision only applies to employees who go off work due to an off-the-job injury or illness after August 1, 2013, and not employees off-the-job prior to August 1, 2013.
PAYMENT FOR UNUSED SICK DAYS. The teacher has the option to receive payment for any unused sick days at the rate of $60 per day. Payment to be at the conclusion of each school year. The following conditions apply:
PAYMENT FOR UNUSED SICK DAYS. (A) [No change] (B) Each year any employee with more than 240 two hundred (200) hours accumulated sick leave may choose to be compensated for any or all hours in excess of 240 two hundred (200). Employees choosing such compensation shall inform the Company in writing prior to July 1st in the year in which compensation is requested. The hourly rate of pay for such excess hours shall be the rate in effect as of July 31st of that year. The check will be issued no later than the second (2nd) pay period following August 1st of that year. Employees shall have the option of rolling the entire pre-tax amount into their UPS 401(k) Plan.
PAYMENT FOR UNUSED SICK DAYS. (A) [No change]
PAYMENT FOR UNUSED SICK DAYS. Eligible employees at time of retirement shall be entitled to payment for unused sick days at $55.00 per day to a maximum of $8,000. Any employee required to retire because of permanent disability shall be eligible for the above benefits.
PAYMENT FOR UNUSED SICK DAYS. A. Unit members covered by this agreement who leave the employ of the Xxxxxxxx Township Schools, and who, at the time of separation become officially retired under the provisions of the Pension Plan, shall receive reimbursement from the Board for a fraction of unused sick days accumulated during their employment in the Xxxxxxxx Schools. The percentage (32%) used in the formula to determine the amount of sick time retirement payout shall remain in effect for the existing bargaining unit but shall be reduced from thirty-two percent (32%) to twenty-five percent (25%) for all Administrators hired on or after July 1, 2003. The formula to be used to determine the amount is to be the current salary divided by 237 x current sick day bank x 32% for those hired before July 1, 2003. For all Administrators hired on or after July 1, 2003, the formula to be used to determine the amount is to be the current salary divided by 237 x current sick day bank x 25%.
PAYMENT FOR UNUSED SICK DAYS. Employees retiring from the District with at least ten (10) years of continuous service in the District under the New York State Retirement Plan, shall receive the following benefits. If they have accumulated at least fifty (50) unused sick days, they shall receive a cash payment based on fifty (50%) percent of accumulated days (maximum fifty (50%) per cent of one hundred eighty (180) days) at the rate of pay in effect at that time.
PAYMENT FOR UNUSED SICK DAYS. 1. A nurse who has completed fifteen (15) years of employment with the District shall be eligible for a payment for unused accumulated sick leave days.
