Common use of Retirements Clause in Contracts

Retirements. Employees who are at least fifty years of age and have worked in the District for at least ten years are eligible, upon retirement, to be compensated for up to fifty days of accrued sick leave. Sick leave days shall be computed by taking the number of hours of accrued sick leave divided by the number of hours per day that the employee works. Sick leave days shall be compensated at the rate of fifty percent of the hourly rate last earned by the employee. Health and welfare benefits shall be available as set forth in Article VII-D.

Appears in 5 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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