Payment of Unused Sick Days Upon Retirement. For retirements of all bargaining unit members effective on or prior to July 1, 2010, the formula for payment of unused leave days shall be as provided in Article Eleven, Section C of the 2005-2009 Collective Bargaining Agreement. To qualify for this payment, a Separation of Service form must be filed with the Division of Human Resources by February 15, 2010 indicating a retirement date no later than July 1, 2010. Employees who fail to provide such notice shall receive payment of unused sick days pursuant to the formula for employees who retire after July 1, 2010, as detailed below. For retirements effective after July 1, 2010, upon retirement from the District with a retirement allowance in accordance with the qualifications established by the Michigan Public School Employees’ Retirement System, all bargaining unit members shall be paid one-fifth (1/5) of their daily rate for each day in their sick bank between one (1) and seventy (70); one fourth (1/4) of their daily rate for each day in their sick bank between seventy-one (71) and one hundred thirty (130); and one half (1/2) of their daily rate for each day in their leave bank between one hundred thirty-one (131) and two hundred (200). There shall be no pay for accumulation above two hundred (200) days. Unit members who left the bargaining unit and returned without a break in District Service and worked less than one (1) full school year, upon return shall be eligible for one-fifth (1/5) of their daily rate of pay for each day in their leave bank between one (1) and seventy (70).
Payment of Unused Sick Days Upon Retirement. 1. Eligible employees who retire effective July 1, 2017 or August 1, 2017, and whose irrevocable Separation-from-Service forms are submitted to the District Human Resources Office no later than May 1, 2017 will be paid S45.00 for each unused day in their sick bank up to one hundred (100) days and $65.00 for each unused day in their sick bank for day one hundred and one (101) to two hundred (200) for a maximum payout of $11,000.00. Payout of sick time upon retirement does not include a payout from the catastrophe bank.
Payment of Unused Sick Days Upon Retirement. Employees may qualify for a payout of unused sick days upon retirment. See the Article on Retirement Stipend for details.
Payment of Unused Sick Days Upon Retirement. Upon retirement from the District with a retirement allowance in accordance with the qualifications established by the Michigan Public School Employees’ Retirement System, all bargaining unit members shall be paid one-half (1/2) of the daily rate for each day in their sick bank between one (1) and seventy (70). In addition to the sick day payout provided above, regular classroom teachers whose attendance has a direct effect on the amount of substitute service needed shall be paid one-fifth (1/5) of the daily rate for each day in their sick bank between seventy one (71) and one hundred forty (140), and one-fourth (1/4) of the daily rate for each day in their sick bank between one hundred forty one (141) and two hundred (200). There shall be no pay for accumulation above two hundred (200). Teachers who left the Union and returned without a break in District service must work at least one (1) full year upon return to be eligible for the payout beyond seventy (70) days. For the 2006-2007 school year, all bargaining unit members shall have frozen five (5) sick days of their 2006-2007 allotment. These five (5) sick days will be paid upon retirement at the rate of pay in effect at such time.
Payment of Unused Sick Days Upon Retirement. Payout of sick leave upon retirement shall be suspended for the duration of this Agreement.
