Common use of Retirement Sick Leave Conversion Clause in Contracts

Retirement Sick Leave Conversion. A sick leave credit account shall be established for each employee who: (1) separates from employment and concurrently assumes a retired status, either deferred, service, or disability, in the San Xxxxxxx County Retirement Association; (2) continues such employee's coverage under a County health insurance plan; and (3) has at least one hundred and sixty (160) hours of accumulated sick leave as of the date of separation. Such account shall be credited upon separation with as many days of accumulated sick leave as the employee so chooses to pay the monthly health insurance premiums as well as the dental insurance premium for any dental plan offered by SEIU. For the purposes of this Section, each eight (8) hours of sick leave is equal to one (1) day. The account shall be eligible for use by the employee and the employee's dependents eligible under the plan, as of the effective date the retired employee is first paid a monetary retirement allowance by the Retirement Association and shall continue until such account is fully depleted, the employee ceases to be a member of the Retirement Association, or the employee and all the employee's dependents cease to be covered by the health insurance plan, whichever first occurs. Retirees who are on deferred status shall be eligible for health insurance coverage but may not utilize such account mentioned above until otherwise eligible. The amount of credit allowed for each day of accumulated sick leave shall be calculated as follows: The dollar value of the conversion shall be capped at $221.24 for each eight (8) hours of sick leave. Pursuant to San Xxxxxxx County Ordinance No. 4122, employees eligible for sick leave credit accounts under this section will be offered the opportunity to use accumulated sick leave for service credit under Government Code Section 31641.03 in lieu of a sick leave credit account. Any employee hired after August 27, 2001 shall not be eligible for this benefit.

Retirement Sick Leave Conversion. A sick leave credit account shall be established for each employee who: (1) separates from employment and concurrently assumes a retired status, either deferred, service, or disability, in the San Xxxxxxx County Retirement Association; (2) continues such employee's coverage under a County health insurance plan; and (3) has at least one hundred and sixty (160) hours of accumulated sick leave as of the date of separation. Such account shall be credited upon separation with as many days of accumulated sick leave as the employee so chooses to pay the monthly health insurance premiums premium as well as the dental insurance premium for any dental plan offered by SEIUXXXX. For the purposes of this Section, each eight (8) hours of sick leave is equal to one (1) day. The account shall be eligible for use by the employee and the employee's dependents eligible under the plan, as of the effective date the retired employee is first paid a monetary retirement allowance by the Retirement Association and shall continue until such account is fully depleted, the employee ceases to be a member of the Retirement Association, or the employee and all the employee's dependents cease to be covered by the health insurance plan, whichever first occurs. Retirees who are on deferred status shall be eligible for health insurance coverage but may not utilize such account mentioned above until otherwise eligible. The amount of credit allowed for each day of accumulated sick leave shall be calculated as follows: The dollar value of the conversion shall be capped at $221.24 for each eight (8) hours of sick leave. Pursuant to San Xxxxxxx County Ordinance No. 4122, employees eligible for sick leave credit accounts under this section will be offered the opportunity to use accumulated sick leave for service credit under Government Code Section 31641.03 in lieu of a sick leave credit account. Any employee hired after August 27, 2001 shall not be eligible for this benefit.

Retirement Sick Leave Conversion. A sick leave credit account shall be established for each employee who: (1) separates from employment and concurrently assumes a retired status, either deferred, service, or disability, in the San Xxxxxxx County Retirement Association; (2) continues such employee's coverage under a County health insurance plan; and (3) has at least one hundred and sixty (160) hours of accumulated sick leave as of the date of separation. Such The account shall be credited upon separation with as many days the eligible employee’s total number of accumulated sick leave as days for the employee so chooses to pay purpose of paying the monthly health insurance premiums as well as the dental insurance premium for any dental plan offered by SEIU. For the purposes of this Sectionsection, each eight (8) hours of sick leave is equal to one (1) day. The amount of credit allowed for each day of accumulated sick leave shall be calculated as follows: For any eligible member as this unit employed by the County prior to the date of this Memorandum, the dollar value of the conversion shall be capped at $221.24 for each eight (8) hours of sick leave. Any employee hired after August 27, 2001 shall not be eligible for this benefit. The account shall be eligible for use by the employee and the employee's ’s dependents eligible under the plan, as of the effective date the retired employee is first paid a monetary retirement allowance by the Retirement Association and shall continue until such account is fully depleted, the employee ceases to be a member of the Retirement Association, or the employee and all the employee's ’s dependents cease to be covered by the health insurance plan, whichever first occurs. Retirees who are on deferred status shall be eligible for health insurance coverage but may not utilize such account mentioned above until otherwise eligible. The amount of credit allowed for each day of accumulated sick leave shall be calculated as follows: The dollar value of the conversion shall be capped at $221.24 for each eight (8) hours of sick leave. Pursuant to San Xxxxxxx County Ordinance No. 4122, employees eligible for sick leave credit accounts under this section will be offered the opportunity to use accumulated sick leave for service credit under Government Code Section 31641.03 in lieu of a sick leave credit account. Any employee hired after August 27, 2001 shall not be eligible for this benefit.