Retirement Sick Leave Payment. A. Employees who retire and who receive Social Security benefits, Wisconsin Retirement Fund annuity payments or other public employment fund annuities, and have any district insurance coverages (life, dental, group health insurance plan or Medicare supplement) shall receive the equivalent value of their accumulated unused sick leave credits up to a maximum of two hundred (200) days, computed at the employee's prevailing wage rate plus any longevity pay in effect at the time of the employee's retirement. Employees who meet the eligibility standards set forth above shall also receive the equivalent value of fifty percent (50%) of their accumulated sick leave credits in excess of two hundred (200) days, computed at the employee’s prevailing wage rate plus any longevity pay in effect at the time of the employee’s retirement. These funds will be utilized to pay the full premium of his/her continued participation in the life insurance, dental insurance, and the hospital, surgical, and medical group insurance plan or Medicare supplement then in force for employees until said funds are exhausted.
Retirement Sick Leave Payment a. Employees who retire, have any District insurance coverages (life, dental, hospital, surgical, and medical group insurance plan or medicare supplement) as of January 1 of the year preceding the year in which the employee retires, are over fifty-five (55) years of age upon retirement, and are an immediate annuitant of the Wisconsin Retirement Fund shall receive the equivalent value of their accumulated unused sick leave credits up to a maximum of two hundred (200) days, computed at the employee's prevailing wage rate plus any longevity pay in effect at the time of the employee's retirement. Employees who meet the eligibility standards set forth above shall also receive the equivalent value of fifty percent (50%) of their accumulated sick leave credits in excess of two hundred (200) days, computed at the employee’s prevailing wage rate plus any longevity pay in effect at the time of the employee’s retirement. These funds will be utilized to pay the full premium of his/her continued participation in the life, dental, hospital, surgical, and medical group insurance plan or medicare supplement then in force for employees until said funds are exhausted.
Retirement Sick Leave Payment a. Employees who (1) retire and currently have any of the following District insurance coverage: (a) life insurance; (b) dental insurance; (c) health insurance; or (d) Medicare supplemental insurance as of the date of retirement; (2) are 55 years of age or older; (3) have been employed by the District for a minimum of 10 years and have worked more than 90 days in each of the five (5) years preceding retirement; and (4) are an immediate annuitant of the Wisconsin Retirement Fund shall receive the equivalent value of their accumulated unused sick leave credits, up to a maximum of two hundred (200) days, computed at the employee's prevailing wage rate. These funds will be utilized to pay the full premium of his/her continued participation in the life, dental, health, Medicare supplemental and/or long term care insurance plan then in force for employees until said funds are exhausted.
Retirement Sick Leave Payment. Any administrator who retires and is not eligible at that time to participate in the Early Retirement Incentive Program or who does not elect ERI benefits shall receive a stipend equal to eighty-three dollars and sixty-two cents ($83.62) per unused sick leave days at the time of retirement or death. This payment is contingent upon approval of the State School Employee’s Retirement System of eligibility for immediate benefits upon retirement.
Retirement Sick Leave Payment a. Retirees are defined as benefit-eligible employees who are over fifty-five (55) years of age upon retirement, have been employed in the District at least ten (10) years and are an immediate annuitant of the Wisconsin Retirement Fund. Retirees who have any District insurance coverages (life, dental, and health insurance plan or Medicare supplement) as of January 1 of the year preceding the year in which the employee retires shall receive the equivalent value of their accumulated unused sick leave credits, up to a maximum of 1550 hours, computed at the school security assistant's prevailing wage rate, including any longevity pay, in effect at the time of the school security assistant's retirement. Employees who meet the eligibility standards set forth above shall also receive the equivalent value of fifty percent (50%) of their accumulated sick leave credits in excess of 1550 hours, computed at the school security assistant's prevailing wage rate, including any longevity pay, in effect at the time of the school security assistant's retirement. These funds will be utilized to pay the full premium of his/her continued participation in the life, dental, health insurance plan, long-term care or Medicare supplement then in force for school security assistants until said funds are exhausted. Note: The contract benefit in III-H-2-b will be held in abeyance. See Memorandum of Understanding dated July 9, 2001.
