(a) A City employee, at the time of retirement under the applicable retirement system from active service with the City, and with ten or more years of service with the City, or with the State, or any of its political subdivisions, is to be paid in cash in accordance with the following schedule:
(1) Employees with less than 1000 hours of accrued but unused sick leave will receive twenty-five percent (25%) of the accumulated hours.
(2) Employees with 1000 hours of accrued but unused sick leave but less than 2000 hours will receive thirty percent (30%) of the total accumulated hours.
(3) Employees with 2000 hours but less than 3000 hours of accrued but unused sick leave will receive thirty-five percent (35%) of the total accumulated hours.
(4) Employees with 3000 or more hours of accrued but unused sick leave will receive forty-five percent (45%) of the total accumulated hours.
(b) For employees hired on or after January 1st, 2019 at the time of retirement from active service with the City, an employee with ten (10) or more years of service with the City or with the State or any of its political subdivisions, is to be paid in cash for the value of his/her accrued but unused sick leave in accordance with the following tiered schedule:
(1) For an employees first 1000 hours of accrued but unused sick leave the Employee will receive twenty-five percent (25%) of these accumulated hours.
(2) For an Employee’s hours from 1001 to 2000 hours of accrued but unused sick leave the Employee will receive thirty percent (30%) of these hours.
(3) For an employee’s hours from 2001 to 3000 hours of accrued but unused sick leave the Employee will receive thirty-five percent (35%) of these hours.
(4) For an employee’s hours of 3001 or more hours of accrued but unused sick leave the Employee will receive forty-five percent (45%) of these hours.
(c) Such payment shall be based on the employee’s rate of pay at the time of retirement. In order to be eligible for the sick leave payout, the employee must be employed by the City at the time of retirement. Payment for sick leave on this basis shall be considered to eliminate all sick leave credit accrued by the employee at that time. Such payment shall be made only once to any employee.
(d) When a City employee dies while in the active service of the City, the same cash bonus shall be paid to his or her estate. (Ord. 22-110. Passed 6-13-22.)