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. The account shall be credited upon separation with the eligible employee’s total number of sick leave days for the 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 section, 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

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 Joaquin 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. The account shall be credited upon separation with the eligible employee’s total number of sick leave days for the 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 section, 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