Common use of Plan C Clause in Contracts

Plan C. A. Employees who reach their 30th year of service credit under SERS rules and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave with no limit and shall be paid $175 per year of service to a maximum of thirty (30) years. B. Employees who reach their 31st year of service credit under SERS rules and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave to a maximum of 165 days and shall be paid $150 per year of service to a maximum of thirty (30) years. C. Employees who reach their 32nd year of service credit under SERS rules and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave to a maximum of 150 days and shall be paid $125 per year of service to a maximum of thirty (30) years. ▇. ▇▇▇▇▇▇▇▇▇ who reach their 33rd year of service credit under SERS rules and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave to a maximum of 100 days and shall be paid $100 per year of service to a maximum of thirty (30) years. E. Employees who reach their 34th year of service credit under SERS rules and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave to a maximum of 75 days and shall be paid $75 per year of service to a maximum of thirty (30) years. F. Employees who reach their 35th year or higher of service credit under SERS rules, AND who qualify for and unrestricted benefit under SERS rules, and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave to a maximum of 50 days and shall be paid $50 per year of service to a maximum of thirty (30) years. G. Employees who reach their 36th year or higher of service under SERS rules AND are over the minimum age requirement for an unreduced benefit as required by SERS rules shall not be eligible for any payment under this section.

Plan C. A. Employees who reach their 30th year of service credit under SERS rules and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave with no limit and shall be paid $175 per year of service to a maximum of thirty (30) years. B. Employees who reach their 31st year of service credit under SERS rules and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave to a maximum of 165 days and shall be paid $150 per year of service to a maximum of thirty (30) years. C. Employees who reach their 32nd year of service credit under SERS rules and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave to a maximum of 150 days and shall be paid $125 per year of service to a maximum of thirty (30) years. ▇. ▇▇▇▇▇▇▇▇▇ D. Employees who reach their 33rd year of service credit under SERS rules and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave to a maximum of 100 days and shall be paid $100 per year of service to a maximum of thirty (30) years. E. Employees who reach their 34th year of service credit under SERS rules and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave to a maximum of 75 days and shall be paid $75 per year of service to a maximum of thirty (30) years. F. Employees who reach their 35th year or higher of service credit under SERS rules, AND who qualify for and unrestricted benefit under SERS rules, and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave to a maximum of 50 days and shall be paid $50 per year of service to a maximum of thirty (30) years. G. Employees who reach their 36th year or higher of service under SERS rules AND are over the minimum age requirement for an unreduced benefit as required by SERS rules shall not be eligible for any payment under this section.

Plan C. A. Employees who reach their 30th year of service credit under SERS rules and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave with no limit and shall be paid $175 per year of service to a maximum of thirty (30) years. B. Employees who reach their 31st year of service credit under SERS rules and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave to a maximum of 165 days and shall be paid $150 per year of service to a maximum of thirty (30) years. C. Employees who reach their 32nd year of service credit under SERS rules and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave to a maximum of 150 days and shall be paid $125 per year of service to a maximum of thirty (30) years. ▇. ▇▇▇▇▇▇▇▇▇ D. Employees who reach their 33rd year of service credit under SERS rules and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave to a maximum of 100 days and shall be paid $100 per year of service to a maximum of thirty (30) years. E. Employees who reach their 34th year of service credit under SERS rules and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave to a maximum of 75 days and shall be paid $75 per year of service to a maximum of thirty (30) years. F. Employees who reach their 35th year or higher of service credit under SERS rules, AND who qualify for and an unrestricted benefit under SERS rules, and who retire by June 30th of that year shall be paid a cash lump sum payment of 60% of their accrued but unused sick leave to a maximum of 50 days and shall be paid $50 per year of service to a maximum of thirty (30) years. G. Employees who reach their 36th year or higher of service under SERS rules AND are over the minimum age requirement for an unreduced benefit as required by SERS rules shall not be eligible for any payment under this section.