Payment for Unused Sick Leave Days. 1. An employee who qualifies for participation in the District Retirement Program is eligible to apply his/her District 92 earned unused sick leave accumulation to the Illinois Teachers’ Retirement System to receive additional creditable service for retirement purposes. The employee is also entitled to receive the District 92 incentive program stipend for his/her unused sick leave days, (based on the chart below), which are not used for additional creditable service.
Payment for Unused Sick Leave Days. Administrators will be eligible for payment for unused Sick Leave days upon their retirement from serving as a Principal or Assistant Principal within the Holland Public Schools and contingent upon not taking another similar role in another state, country, or non-public system. This payment will be made into a 403(b) account at the Administrator’s daily rate of pay as follows: After five years of service - ten days of payment of unused Sick Leave After ten years of service - twenty days of payment of unused Sick Leave After fifteen years of service - thirty days of payment of unused Sick Leave After twenty or more years of service - forty days of payment of unused Sick Leave
Payment for Unused Sick Leave Days. The District shall pay an allowance, based upon unused accumulated sick leave days with the District, which shall be computed by multiplying $40.00 times the number of unused accumulated sick leave days. The maximum amount payable for unused sick leave days shall be $6,500.00
Payment for Unused Sick Leave Days. Upon retirement from the District, accumulated sick leave days not used for TRS service credit will be paid at a rate of $50/day to a maximum of 100 days. This unused sick leave will be paid as a post- retirement stipend after the teacher’s final paycheck, and is not subject to TRS/THIS.
Payment for Unused Sick Leave Days. On termination, payment of unused sick leave days will be paid to all employees of the bargaining unit at the rate of one-half (1/2) of all accumulated sick leave hours. Upon death of the employee, the Employer shall pay the employee's beneficiary one-half (1/2) of all accumulated sick leave hours. Employees who are discharged from their employment in the Sheriff's Department are not eligible for any paid sick leave days under this Section.
