Sick Leave Conversion definition

Sick Leave Conversion. Any member may convert unused sick leave to retirement credit in accordance with Government Code Section 20862.5, or its successor, if the member is filing a request for retirement.

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Sick Leave Conversion. In conformity with the provisions of O.R.C. Section 124.39 any employee hereunder with ten (10) through twenty-four (24) years of service in the employ of the City of Bucyrus who elects to retire shall be entitled to receive in cash at the employee's rate of pay at that time one-fourth (1/4) of the value of the employee's accrued but unused sick leave credit up to a maximum of two hundred forty (240) hours of accrued but unused sick leave.

Sick Leave Conversion. Personnel Rules and Regulations Section 10.02(E) will be revised to reflect that 40 hours of sick leave may be converted to vacation leave when an employee has not used up more than 40 hours of sick leave during the previous year. All o t her p r o v i s i o n s and requirements r e g a r d in g S i c k L e a v e will remain unchanged.

Examples of Sick Leave Conversion in a sentence

• Employees whose sick leave accrual balance exceeds 500 hours as of the end of the first pay period in November of a given year are eligible to participate in the Sick Leave Conversion Plan.

• As an alternative to Sick Leave Conversion, employees, upon retirement, may elect a cash out of this benefit, as follows.

• The Association may elect to convert unused leave under this Section to a VEBA which is an optional Sick Leave Conversion Program.

• Employees whose sick leave accrual balance exceeds 500 hours as of the end of the last pay period in November of a given year are eligible to participate in the Sick Leave Conversion plan.

• The calculation of Sick Leave Conversion Pay shall be made on the basis of each eligible employee's regular daily base rate of compensation at the time of retirement.

• The receipt of Sick Leave Conversion Pay shall eliminate and forever cancel all future claims to all Sick Leave accumulated but unused by the employee at the time of retirement.

• Sick Leave Conversion Pay shall be given only to those employees who have given the Board written notice of intention to retire, and the payment will be made in a lump sum at the time the employee receives his/her last check from the Board.

• The payment of Sick Leave Conversion Pay shall be made only once to any employee.

• Employees whose sick leave accrual balance exceeds 500 hours as of the end of the first full pay period in November of a given year are eligible to participate in the Sick Leave Conversion plan.

• The Association will elect to participate in VEBA (Voluntary Employee Benefit Association) for Annual Sick Leave Conversion and/or Retirement Sick Leave Conversion.

More Definitions of Sick Leave Conversion

Sick Leave Conversion. Program: An employee may accumulate up to one hundred forty-five (145) days of sick leave. An employee who does not use any sick leave days for the first six months of the calendar year, may convert one (1) sick day to vacation leave. An employee who completes the entire calendar year without using sick leave days may convert an additional three (3) days of sick leave to vacation leave. The days converted to vacation are not subject to the maximum vacation limits. An exception to this would be that employees who use combined sick hours that total less than one full work day would still be eligible for sick leave to vacation conversion.