Rate of Conversion. 20 Sick leave days that are eligible for conversion shall be converted to monetary 21 compensation at the rate of twenty-five percent (25%) of an employee’s full time daily rate 22 of compensation at the time of termination of employment for each full day of eligible sick
Rate of Conversion. Sick leave days that are eligible for conversion shall be converted to monetary compensation at the rate of twenty-five percent (25%) of an employee’s current, full-time daily rate of compensation for each full day of eligible sick leave. Partial days eligible sick leave shall be converted on a pro-rated basis, all sick leave days converted pursuant to this section shall be deducted from an employee’s accumulated sick leave balance. Compensation received pursuant to this section shall not be included for the purpose of computing a retirement allowance under any public retirement system in this state. At the time of separation from school district employment due to death or retirement, an eligible employee or the employee’s estate shall receive remuneration at the rate equal to one day’s current monetary compensation of the employee for each four (4) full day’s accrued leave for illness or injury. Moneys received under this section shall not be included for the purposes of computing a retirement allowance under any public retirement system in the state. In addition, an employee is also considered eligible who is separating from employment and is at least fifty-five (55) years of age and has at least ten (10) years of services under the school employee’s retirement system Plan 3 (SERS 3), or the employee who separates from employment and who is at least fifty-five (55) years of age and has at least fifteen (15) years of service under the school employee’s retirement system (SERS 2). Furthermore, employees, by a majority vote of the Association, shall each year choose whether employees who have a minimum balance of 180 days of sick leave as of August 31st of the prior year, or employees who are retiring, or who are separating from employment as cited 403 in Section 8.2, paragraph B will be allowed to place their sick leave buyback into a VEBA III 404 plan for the payment of post-retirement medical expenses. 405 SECTION 8.3 – Bereavement Leave 406 Up to five (5) days per occurrence per year shall be granted with pay for each 407 bereavement of a relative including spouse, child, parent, parent-in-law, sister, brother, sister-in- 408 law, brother-in-law, uncle or aunt, grandparent or grandchild and up to two (2) days for other 409 relatives or friends. Such leave is non-cumulative. 410 A classified employee may take a maximum of ten (10) paid leave days per year for 411 bereavement. Extra leave without pay may be granted at the discretion of the Superintendent.
Rate of Conversion. Such a conversion shall be at the rate which the Account Bank or (as the case may be) the Lender determines to be the rate at or about the time of conversion at which it is or has been offering to purchase the currency in which the amount was previously denominated with the currency into which it is to be the converted.
Rate of Conversion. 10 Illness leave days that are eligible for conversion shall be converted to monetary 11 compensation at the rate of twenty-five percent (25%) of an employee's full-time daily 12 rate of compensation at the time of termination of employment for each full day of 13 eligible illness leave, to a maximum of one hundred eighty (180) days. Partial days of 14 eligible illness leave shall be converted on a pro-rata basis. 16 All illness leave days converted pursuant to this section shall be deducted from an employee's
Rate of Conversion. 35 Illness leave days that are eligible for conversion shall be converted to monetary 36 compensation at the rate of twenty-five percent (25%) of an employee's full-time daily rate 37 of compensation at the time of termination of employment for each full day of eligible 38 illness leave, to a maximum of one hundred eighty (180) days. Partial days of eligible 39 illness leave shall be converted on a pro-rata basis. 41 All illness leave days converted pursuant to this section shall be deducted from an employee's 42 accumulated sick leave balance. 44 Compensation received pursuant to this section shall not be included for the purpose of 45 computing a retirement allowance under the Public Employees' Retirement System.
