Sick Leave Pay. The Board shall provide terminal sick leave pay for accumulated sick leave to all employees of the Board at retirement or death. Determination of such terminal pay may not exceed an amount determined as follows: During the first three (3) years of service the daily rate of pay multiplied by thirty-five (35) percent times the number of days of accumulated sick leave; during the next three (3) years of service the daily rate of pay multiplied by forty (40) percent times the number of days of accumulated sick leave; during the next three (3) years of service the daily rate of pay multiplied by forty- five (45) percent times the number of days of accumulated sick leave; and during and after the 10th year of service the daily rate of pay multiplied by fifty (50) percent times the number of days of accumulated sick leave; during and after the 13th year of service the daily rate of pay multiplied by one hundred (100) percent of the number of days of accumulated sick leave. In order to receive this payment an employee must be eligible for retirement benefits from a Florida retirement plan. Employees must request terminal sick leave pay in writing to the Superintendent of Schools.
Appears in 4 contracts
Samples: Bargaining Agreement, Bargaining Agreement, Bargaining Agreement
