Common use of SICK ALLOWANCE BALANCE ON RETIREMENT Clause in Contracts

SICK ALLOWANCE BALANCE ON RETIREMENT. 24 (a) Members of the Employees’ Retirement System, whose membership 25 began prior to September 27, 1995, shall receive full payment for all 26 accrued sick allowance hours earned before December 16, 2005, at the 27 time the employee retires. Twenty five percent (25.0%) of any remaining 28 accrued sick allowance hours earned on and after December 16, 2005, 29 shall be paid out at the employee’s final hourly rate of pay. For 30 calculation purposes, sick leave earned before December 16, 2005, shall 31 be used prior to sick leave earned on and after December 16, 2005, for all 32 hours of sick leave used prior to retirement. Such payment shall be made 33 in a lump sum, and shall not be included in the calculation of the 1 member’s final average salary for pension calculation purposes. If 2 permissible under IRS provisions, such payment shall be placed in a “back 3 drop account” in the Employees’ Retirement System. The provisions of 4 this section shall not apply to a member who is eligible for a deferred 5 retirement benefit under section 4.5 of 201.24 of the Employees’

SICK ALLOWANCE BALANCE ON RETIREMENT. 24 20 (a) Members of the Employees’ Retirement System, whose membership 25 21 began prior to September 27, 1995, 1995 shall receive full payment for all 26 22 accrued sick allowance hours earned before December 16, 2005, 2005 at the 27 23 time the employee retires. Twenty five percent (25.0%) of any remaining 28 24 accrued sick allowance hours earned on and after December 16, 2005, 29 2005 shall 25 be paid out at the employee’s final hourly rate of pay. For 30 calculation 26 purposes, sick leave earned before December 16, 2005, 2005 shall 31 be used prior 27 to sick leave earned on and after December 16, 2005, 2005 for all 32 hours of sick 28 leave used prior to retirement. Such payment shall be made 33 in a lump 29 sum, and shall not be included in the calculation of the 1 member’s final 30 average salary for pension calculation purposes. If 2 permissible under IRS 31 provisions, such payment shall be placed in a “back 3 drop account” in the Employees’ Retirement System. The provisions of 4 this section shall not apply to a member who is eligible for a deferred 5 retirement benefit under section 4.5 of 201.24 of the Employees’the

SICK ALLOWANCE BALANCE ON RETIREMENT. 24 20 (a) Members of the Employees’ Employees Retirement System, whose membership 25 began 21 prior to September 27January 1, 19951994, shall receive full payment at the employee’s final 22 hourly rate of pay for all 26 accrued sick allowance hours earned before December 1623 November 4, 2005, 2005 at the 27 time the employee retires. Twenty five percent 24 (25.0%) of any remaining 28 accrued sick allowance hours earned on and 25 after December 16November 4, 2005, 29 2005 shall be paid out at the employee’s final hourly 26 rate of pay. For 30 calculation purposes, sick leave earned before December 16November 27 4, 2005, 2005 shall 31 be used prior to sick leave earned on and after December 16November 4, 2005, 28 2005 for all 32 hours of sick leave used prior to retirement. Such payment 29 shall be made 33 in a lump sum, and shall not be included in the calculation 30 of the 1 member’s final average salary for pension calculation purposes. 31 Nor shall pension service credit be granted in connection with the lump 1 sum payment. The payment shall have no effect on the employee’s 2 retirement date. If 2 permissible under IRS provisions, such payment shall may 3 at the employee’s request be placed in a “back 3 drop account” in the Employees’ Retirement System. The provisions of 4 this section shall not apply to a member who is eligible for a deferred 5 retirement benefit under section 4.5 of 201.24 of the Employees’the