Payment of Accrued Sick Leave. Accrued sick leave will be paid to a former PSEM law enforcement officers under the following conditions:
Payment of Accrued Sick Leave. Effective January 1, 2009, any represented employee in good standing with at least five (5) years of regular employment with the City may cash out up to 40 hours per year of sick leave for 50% of its value at the employee’s current hourly wage if their remaining sick leave balance is over 100 hours. For the purpose of sick leave payout, hourly wage will be calculated by dividing the current monthly wage by 173.3333. Example: Employee X hired in 1/1/2000 has a balance of 140 hours of sick leave on 1/1/2005 and is currently paid $25.00 per hour. That employee could cash out 40 hours at 50% of their current hourly wage receiving $500.00 taxable income and would retain a balance of 100 hours of sick leave. In 2009, Employees in good standing with seven (7) or more years of regular employment with the City may cash out up to 80 hours for 75% of its value at their current hourly wage as long as their sick leave balance remains over 100 hours. Donated leave will not be eligible for use in this provision.
Payment of Accrued Sick Leave. Effective January 1, 2009, any represented employee in good standing with at least five (5) years of regular employment with the City may cash out up to 40 hours per year of sick leave for 50% of its value at the employee’s current hourly wage if their remaining sick leave balance is over 100 hours. For the purpose of sick leave payout, hourly wage will be calculated by dividing the current monthly wage by 173.3333.
Payment of Accrued Sick Leave. As part of the redundancy payment employees do not receive any payment for their accrued sick leave on termination of their employment.
