Sick Leave Payout. 8.4.1 For employees hired on or before September 29, 2012, sick leave payout shall be given to full-time benefitted employees who are members of the Federated Retirement System and who retire with at least fifteen (15) years of service. Employees are eligible to receive, upon retirement, payout for a portion of their unused earned sick leave at the rate of:
Appears in 10 contracts
Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement
Sick Leave Payout. 8.4.1 For employees hired on or before September 29, 2012, sick leave payout shall be given to full-time benefitted employees who are members of the Federated Retirement System and who retire with at least fifteen (15) years of service. Employees are eligible to receive, upon retirement, payout for a portion of their unused earned sick leave at the rate of:: Accrued Sick Leave Hours Sick Leave Payout 0-399 Hours 50% of final hourly rate 400-799 Hours 60% of final hourly rate 800-1,200 Hours 75% of final hourly rate
Appears in 1 contract
Samples: Memorandum of Agreement
