Common use of Sick Leave Separation Cash Out and VEBA Clause in Contracts

Sick Leave Separation Cash Out and VEBA. At the time of retirement from state service or at death, an eligible employee or the employee’s estate will receive cash for his or her total sick leave balance on a one

Sick Leave Separation Cash Out and VEBA. ‌ At the time of retirement from state service or at death, an eligible employee or the employee’s estate will receive cash for his or her their total sick leave balance on a oneone (1) hour for four (4) hours basis. For the purposes of this Section, retirement shall not include “vested out of service” employees who leave funds on deposit with the retirement system. In accordance with state and federal law, employees in the bargaining unit may agree to form a Voluntary Employee Beneficiary Association (tax-free medical spending account) funded by the retiree sick leave cash out described above.

Sick Leave Separation Cash Out and VEBA. ‌ At the time of retirement from state service or at death, an eligible employee or the employee’s estate will receive cash for his or her total sick leave balance on a one

Sick Leave Separation Cash Out and VEBA. At the time of retirement from state service or at death, an eligible employee or the employee’s estate will receive cash for his or her hertheir total sick leave balance on a oneone (1) hour for four (4) hours basis. For the purposes of this Section, retirement shall not include “vested out of service” employees who leave funds on deposit with the retirement system. In accordance with state and federal law, employees in the bargaining unit may agree to form a Voluntary Employee Beneficiary Association (tax-free medical spending account) funded by the retiree sick leave cash out described above.

Sick Leave Separation Cash Out and VEBA. At the time of retirement from state service or at death, an eligible employee or the employee’s estate will receive cash for his or her their total sick leave balance on a oneone (1) hour for four (4) hours basis. For the purposes of this Section, retirement shall not include “vested out of service” employees who leave funds on deposit with the retirement system. In accordance with state and federal law, employees in the bargaining unit may agree to form a Voluntary Employee Beneficiary Association (tax-free medical spending account) funded by the retiree sick leave cash out described above.

Sick Leave Separation Cash Out and VEBA. ‌ At the time of retirement from state service or at death, an eligible employee or the employee’s estate will receive cash for his or her total sick leave balance on a oneone (1) hour for four (4) hours basis. For the purposes of this Section, retirement shall not include “vested out of service” employees who leave funds on deposit with the retirement system. In accordance with state and federal law, employees in the bargaining unit may agree to form a Voluntary Employee Beneficiary Association (tax-free medical spending account) funded by the retiree sick leave cash out described above.

Sick Leave Separation Cash Out and VEBA. At the time of retirement from state service or at death, an eligible employee or the employee’s estate will receive cash for his or her total sick leave balance on a oneone (1) hour for four (4) hours basis. For the purposes of this Section, retirement shall not include “vested out of service” employees who leave funds on deposit with the retirement system. In accordance with state and federal law, employees in the bargaining unit may agree to form a Voluntary Employee Beneficiary Association (tax-free medical spending account) funded by the retiree sick leave cash out described above.

Sick Leave Separation Cash Out and VEBA. At the time of retirement from state service or at death, an eligible employee or the employee’s estate will receive cash for his or her their total sick leave balance on a oneone (1) hour for four (4) hours basis. For the purposes of this Section, retirement shall not include “vested out of service” employees who leave funds on deposit with the retirement system. In accordance with state and federal law, employees in the bargaining unit may agree to form a Voluntary Employee Beneficiary Association (tax-free medical spending account) funded by the retiree sick leave cash out described above.‌