Payment of Sick Leave Upon Retirement a. Upon retiring from active service with the University after ten (10) or more years of service with the State or any of its political subdivisions, a bargaining unit faculty member may elect to be paid for one-fourth (¼) of the accrued but unused sick leave credit up to a maximum of one-fourth (¼) of one hundred twenty (120) days. This payment will be based upon the bargaining unit faculty member’s rate of pay at the time of retirement. Upon accepting such payment, all sick leave credit accrued up to that time will be eliminated.
Payment of Sick Leave Upon Retirement. Upon retirement, employees shall receive cash payment for accumulated, unused sick leave converted at the employee’s current hourly rate. Initially, the employee will receive two thousand dollars ($2,000) payable with the final pay period that includes the employee’s retirement date. The remaining converted balance of the accrued sick leave balance shall be converted as follows: Upon a bona fide retirement, employees will convert the remainder, after payment of the two thousand dollars ($2,000) addressed in the preceding paragraph, of the unused sick leave balance to a bank for purposes of purchasing health insurance after retirement. The Sick Leave Balance for Conversion Rate purposes will be the employee’s balance before payment of the two thousand dollars ($2,000) addressed above and will be converted according to the following schedule: Sick Leave Balance Rate of Accrual Conversion Rate Zero to 750 hours 18 days per year 60% of value Over 750 hours to 1500 hours 12 days per year 80% of value Over 1500 hours 6 days per year 100% of value The Employer will continue to pay the Employer’s share of the health insurance premium each month until the converted value of the employee’s sick leave balance is exhausted or until the employee is eligible for Medicare, whichever comes first. The retired employee may stay with the same health insurance program as when employed or switch “down” at any time without underwriting. The converted value of the sick leave can only be applied to the Employer’s share of health insurance payments. It has no cash value and it is not transferable to another use or to an heir. The State agrees that with regards to employees in positions designated by IPERS as Protection Occupation positions who have reached retirement eligibility and have separated from employment with the State, but who have not yet begun to receive IPERS retirement benefits, it will work with the Union to establish terms for their use of this benefit.
Payment of Sick Leave Upon Retirement for Regents Employees Upon retirement, Regents employees shall receive cash payment of accumulated unused sick leave not to exceed a total of two thousand dollars ($2,000), payable during the pay period preceding the employee’s retirement.
Payment of Sick Leave Upon Retirement. Upon retirement, employees giving the required notice will receive payment of fifty percent (50%) of the accrued sick leave days in excess of thirty (30) days at their base rate of pay. Sincerely, Xxxxx Xxxxxx Employee Relations Coordinator Letter of Understanding – THREE Xxxxxxxx Xxxx Counsel and Chief Negotiator SEIU Healthcare District 1199NW 00 X. Xxxxx Way #200 Renton, WA 98057 RE: Voluntary Employee Vacation Donation for Union Bargaining Team Members Dear Xxxxxxxx: Employees in the RN/LPN, Service and/or Dietary Bargaining units will be allowed to donate vacation hours to a vacation donation pool for use by the employees on the Union’s bargaining team during 2010-2012 contract negotiations as follows:
Payment of Sick Leave Upon Retirement. At retirement, layoff, death, dismissal or resignation, an employee with ten (10) years of service or more shall be permitted a maximum payout of accumulated sick leave (noted above in Section 1) of 1:3. For example, if an employee has accumulated 1,000 hours of sick leave, he/she will be eligible to receive a payout equivalent to 333 hours.
Payment of Sick Leave Upon Retirement. Upon retirement, employees shall receive cash payment for accumulated, unused sick leave not to exce thousand ($2,000) dollars, payable during the pay period preceding the employee's retirement date.
Payment of Sick Leave Upon Retirement. Upon retirement, employees giving the required notice will receive payment of fifty percent (50%) of the accrued sick leave days in excess of thirty (30) days at their base rate of pay. Sincerely, Xxxxx Xxxxxx Employee Relations Coordinator Working Together to Provide Excellence in Health Care 000 Xxxxxxxx Xxxxxx Port Angeles, WA 98362 (000) 000-0000 xxx.xxxxxxxxxxxxxx.xxx
Payment of Sick Leave Upon Retirement. A. An employee hired prior to July 1, 1996, upon retirement as defined by the Town of Manchester Supplemental Pension Plan, shall receive on the basis of his/her current wages, full compensation for any of his/her unused, accumulated sick leave up to one hundred five (105) days.
Payment of Sick Leave Upon Retirement. Upon written notice by the certified employee to the Board of Education and to the State Teacher's Retirement System, the Coweta Board of Education will pay the certified employee at the rate of $25.00 per day for each day of accumulated sick leave up to a maximum of one hundred twenty (120) days. The payment will be based upon the number of accumulated sick leave days at the end of the contract period.
