Sick Leave Cash Out. Eligible employees may elect to receive monetary compensation for accrued sick leave as follows: In January of each year an employee whose sick leave balance at the end of the previous year exceeds four hundred eighty (480) hours may elect to convert the sick leave hours earned in the previous calendar year, minus those hours used during the year, to monetary compensation. No sick leave hours may be converted which would reduce the calendar year end balance below four hundred eighty (480) hours. Monetary compensation shall be paid at the rate of twenty-five percent and shall be based on the employee’s current salary. All converted hours will be deducted from the sick leave balance. Employees who separate from University service due to retirement or death shall be compensated for the unused sick leave accumulation from the date of most recent hire in a leave eligible position with the State of Washington at the rate of 25%. Compensation shall be based upon the employee’s wage at the time of separation. For the purpose of this section, retirement shall not include vested out of service employees who leave funds on deposit with the retirement system. Former eligible employees who are re-employed within three (3) years of their separation from service shall be granted all unused sick leave credits, if any, to which they are entitled at time of separation.
Sick Leave Cash Out. (1) Employees shall be eligible to receive monetary compensation for accrued sick leave as follows:
Sick Leave Cash Out. (A) Employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio of one full day's monetary compensation for four (4) accumulated sick leave days. At the employee's option, he/she may cash-out unused sick leave days in January of the school year following any year in which more than sixty (60) days of sick leave is accrued and each January thereafter, at a rate equal to one day's monetary compensation of the employee for each four
Sick Leave Cash Out. A. In January any employee who at the end of the immediate previous calendar year shall have accumulated in excess of sixty (60) days of unused sick leave may elect to convert unused sick leave earned, but unused the previous year in excess of sixty (60) days to monetary compensation at the rate of twenty-five percent (25%) of the employee's current, full-time daily per diem rate of compensation pay for each full day of eligible sick leave.
Sick Leave Cash Out. A. Upon the death of an employee while under contract, the employee’s estate will receive pay for accumulated, but unused, sick leave up to a maximum of one hundred eighty (180) days at a rate equal to one day’s per diem pay for each four full days accrued for sick/emergency leave.
Sick Leave Cash Out. Any full-time employee who has three (3) or less occurrences of sick leave usage from December 1 to November 30 during any given year may cash out twenty-four (24) hours of sick leave at the employee’s current regular hourly rate. Any qualified employee wishing to cash out accrued but unused sick leave must submit a request in writing to the Director not later than December 5th of the calendar year.
Sick Leave Cash Out. (A) Employees may cash in unused sick leave days above an accumulation of sixty (60) days at a ratio of one full day's monetary compensation for four (4) accumulated sick leave days. At the employee's option, he/she may cash-out unused sick leave days in January of the school year following any year in which more than sixty (60) days of sick leave is accrued and each January thereafter, at a rate equal to one day's monetary compensation of the employee for each four (4) full days of accrued sick leave. The employee's sick leave accumulation shall be reduced four (4) days for each day compensated. No employee may receive compensation for sick leave accumulated in excess of one day per month.
Sick Leave Cash Out. A sick leave cash out program will be promulgated by School Board Policy pursuant to state statutes and regulations.
Sick Leave Cash Out. 7.4.1 Upon retirement, death or layoff employees can cash out sick leave up to one hundred twenty (120) days at the following rate: Zero to two hundred forty (240 hours at 100% and the remainder at a four to one (4 to 1) ratio.
Sick Leave Cash Out. The employee has the annual option to be paid for certain unused sick leave on the terms noted below or to “bank” unused sick leave. An employee can also elect to split the number of sick leave days subject to buy back and can designate that a portion of those days, as specified by the employee, be placed in the employee’s sick leave “bank” as opposed to being cashed out. Payment at the employee’s hourly rate of pay as of the end of the fiscal year during which the sick leave was earned but not used, excluding any special assignment or bonus pay, shall be made only to employees on the payroll as of June 30th of that fiscal year. To qualify for payment an employee must have a sick leave “bank” of 12 days. For the purposes of this Section, “bank” shall mean sick leave earned in prior years and reported in the “Sick Leave Balance Brought Forward from Prior Contract Year” column of the “Vacation, Sick Leave and Compensatory Time” report issued by the Finance Department at the beginning of the fiscal year during which payable sick leave is earned. Annual sick leave payoffs under this Section for employees with less than ten years of service shall be made according to the following schedule: Sick Leave Days Used In the Fiscal Year 8 or more Sick Leave Days Payable At Fiscal Year End 0 Annual sick leave payoffs under this Section for employees with ten or more years of service shall be made according to the following schedule, provided that there are enough sick days accrued in the employee’s sick leave bank to cover the payoff described below: Sick Leave Days Used In the Fiscal Year 6 7 8 9 10 11 12 13 14 or more Sick Leave Days Payable At Fiscal Year End 3 1 0 It is mutually acknowledged by the parties that the use of Code 40 or paid time off as it applies to this Section which was not appropriately scheduled in advance will disqualify an employee from eligibility for payment under this Section. Notwithstanding the foregoing, the use of Code 40 while out on workers’ compensation leave will not disqualify the employee from being eligible for Sick Leave Buy Back. Sick leave for which payoff is received shall be considered “used” in that it will not be added to the “bank” (or, if added to the “bank” prior to the payoff date, shall be removed from the “bank”).
