Sick Leave Cash-Out at Retirement or Death Sample Clauses

Sick Leave Cash-Out at Retirement or Death. At the time of separation from school district employment due to retirement or death, an eligible employee or the employee’s estate shall receive remuneration at a rate equal to one (1) days current monetary compensation of the employee for each four (4) full days accrued sick leave.
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Sick Leave Cash-Out at Retirement or Death. Adjunct faculty may cash-out unused portions of their sick leave balances at the time of their retirement or death. In the case of death, adjunct faculty designated beneficiaries would be entitled to receive the cash-out. For purposes of sick leave cash-out, adjunct faculty must provide the College with the appropriate verification from their retirement plan (TRS1, 2, or 3, PERS 1, 2, 3, TIAA/CREF, and/or Social Security) which shows they are receiving distribution payments and are in retirement status. Adjunct faculty who retire under one (1) or more retirement plans listed above, may be eligible for subsequent cash-out of unused portions of their sick leave if they reestablish employment status under another retirement program. Adjunct faculty who retire (as noted above) may participate in the medical expense plan (VEBA) as defined in Section 1, D, 1 of this Article.
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Related to Sick Leave Cash-Out at Retirement or Death

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • VESTED RETIREMENT GRATUITY VOLUNTARY EARLY PAYOUT a) An Employee eligible for a Sick Leave Credit retirement gratuity as per Appendix A shall have the option of receiving a payout of his/her gratuity on August 31, 2016, or on the employee’s normal retirement date.

  • Sick Leave Payout No cash payment for unused sick leave will be paid to any employee leaving the service of the Employer.

  • Sick Leave Credit-Based Retirement Gratuities 1) A Teacher is not eligible to receive a sick leave credit gratuity after August 31, 2012, except a sick leave credit gratuity that the Teacher had accumulated and was eligible to receive as of that day.

  • Sick Leave Incentive The City will institute a sick leave incentive based on the usage of the bargaining unit; further, the City will pay each person who qualifies during January of each year. The incentive will be calculated and monitored by the Personnel Department and will be based on the pay periods during a calendar year. The incentive shall be awarded only when the bargaining unit's average sick leave usage is less than the City average and the following conditions are met: When the bargaining unit's sick leave usage is greater than forty (40) hours but less than the City average, the City will pay each member using between zero (0) and sixteen (16) hours of sick leave, eight (8) hours pay and any member using more than sixteen (16) but equal to or less than twenty-four (24) hours, four (4) hours pay. When the bargaining unit's average sick leave usage is equal to or less than forty (40) hours, the City will pay each member who used between zero (0) and sixteen (16) hours, sixteen (16) hours of pay at their current hourly rate. Those members who used more than sixteen (16) but equal to or less than twenty-four (24) hours, will receive eight (8) hours of pay.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • Re-employment After Retirement Employees who have reached retirement age as prescribed under the Pension (Municipal) Act and continue in the Employer's service, or are re-engaged within three (3) calendar months of retirement, shall continue at their former increment step in the pay rate structure of the classification in which they are employed, and the employee's previous anniversary date shall be maintained. All perquisites earned up to the date of retirement shall be continued or reinstated.

  • Accrued 100% sick leave The use of sick leave under this subsection is at the employee's discretion.

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