Sick Leave Cashout. A. Pursuant to current statute, employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio of one full day's pay for four (4) accumulated sick leave days. Such cash in may not exceed the number of days accumulated the previous year less the number of days of sick leave actually used the previous year. For employees who are retiring, all sick leave remaining at the time of retirement may be cashed in at a ratio described above.
Sick Leave Cashout. Upon eligibility of retirement in accordance with the Department of Retirement Systems (DRS), employees will receive payment for 25% of all unused, accrued sick leave at the time of separation up to a maximum of 300 hours, to be paid into the employee’s HRA/VEBA subject to IRS limits. Employees are not required to apply for DRS retirement to be eligible to receive payment under this subsection.
Sick Leave Cashout. WAC 392.136.025 provides conditions for this section.
Sick Leave Cashout. The District will provide sick leave cash out pursuant to State Law at retirement or death of an employee, and provision of annual cash out pursuant to RCW pertaining to the Employee Attendance Incentive Program.
Sick Leave Cashout. Consistent with Ch. 275 Laws of 1983, and to the extent authorized by said law, employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio of one full day's monetary compensation for four (4) accumulated sick leave days in January of the school year following any year in which a minimum of sixty (60) days of sick leave is accrued and each January thereafter, at a rate equal to one day's monetary compensation of the employee's sick leave accumulation shall be reduced four (4) days for each day compensated. No employee may receive compensation for sick leave accumulated in excess of one (1) day per month, a maximum of twelve (12) days per year, and/or one hundred eighty (180) days. At the time of separation from school district employment due to *retirement or death, an eligible employee or the employee's estate shall receive compensation at a rate equal to one (1) day's current monetary compensation of the employee for each four (4) full days accrued sick leave for illness or injury. Provisions of this leave shall be administered in accordance with rules and regulations adopted now or as hereafter amended. Sick Leave Cash Out: Pursuant to RCW 28A.400.210 the following conditions shall apply: On or before January 31st, or the last business day of January, employees may elect to be compensated at the ratio of 4:1 at their hourly rate for Sick Leave accumulated in excess of sixty (60) days which was earned but unused during the previous calendar year, provided that no employee may receive compensation under this Section for any portion of leave for illness or injury accumulated at a rate in excess of one day per month. Employees who retire shall be entitled to compensation for all unused sick leave up to one hundred and eighty (180) day maximum at the ratio of 4:1 at their hourly rate as allowed by law. The applicable employee group will vote annually on cash out or deposit of excess sick leave into the employee’s Voluntary Employees' Beneficiary Association (VEBA) accounts. Unused sick leave shall lapse in the event of discharge or voluntary resignation, except as provided in RCW
Sick Leave Cashout. Employees eligible to accrue sick leave and who have 1 successfully completed at least five (5) years of county service and who retire as a result of length of 2 service, or who leave County employment in good standing after twenty-five (25) years or more, or 3 who terminate by reason of death shall be paid, or their estates paid or as provided for by RCW Title 4 11, as applicable, an amount equal to thirty-five (35) percent of their unused, accumulated sick leave 5 multiplied by the employee’s rate of pay in effect upon the date of leaving county employment less
Sick Leave Cashout. The District shall establish an attendance incentive program for all employees in the following manner;
Sick Leave Cashout. 27 The District agrees to abide by the present statute on sick leave cashout while it is in effect. If 28 the law or statute should change, both the District and the Association agree to abide by those
Sick Leave Cashout. If the District provides sick leave cashout benefits to any individual or group within the District, this benefit shall also be granted to Trout Lake PSE. If the state fully funds sick leave cashout, such will be provided to Trout Lake PSE subject to the guidelines and limitations as provided by the state.
