(a) An employee hired prior to January 1, 1987, whose employment is terminated by reason of death, disability or voluntary retirement (P.E.R.S. or equivalent), shall receive all accumulated sick leave up to 90 days, as well as the following:
(1) All unused and recorded compensatory time to be paid at the rate of pay at the time of separation, not to exceed 480 hours;
(2) All vacation time that is accrued and all unused vacation time for that year;
(3) Floating holidays that are accrued but unused, not to exceed two floating holidays, to be paid in cash at the rate of pay at the time of separation; and
(4) Longevity for all full and consecutive months for that year in which the employee is separated from city employment and has not been paid by the city.
(b) Upon the retirement of an employee hired after January 1, 1987, who has not less than ten years of continuous employment with the city and who has qualified for retirement benefits from the State of Ohio Public Employees Retirement System, such employee shall be entitled to receive a cash payment equal to his or her hourly rate of pay at the time of retirement multiplied by one-third the total number of accumulated but unused sick hours earned by the employee, as certified by the city, provided that such resulting number of hours to be paid shall not exceed 90 days, as well as the following:
(1) All unused and recorded compensatory time to be paid at the rate of pay at the time of separation, not to exceed 480 hours;
(2) All vacation time that is accrued and all unused vacation time for that year;
(3) Floating holidays that are accrued but unused, not to exceed two floating holidays, to be paid in cash at the rate of pay at the time of separation; and
(4) Longevity for all full and consecutive months for that year in which the employee is separated from city employment and has not been paid by the city.
(c) An employee who voluntarily terminates employment with a two-week written notice shall receive the following:
(1) All unused and recorded compensatory time to be paid at the rate of pay at the time of separation, not to exceed 160 hours;
(2) All vacation time that is accrued and all unused vacation time for that year;
(3) Floating holidays that are accrued but unused, not to exceed two floating holidays, to be paid in cash at the rate of pay at the time of separation; and
(4) Longevity for all full and consecutive months for that year in which the employee is separated from city employment and has not been paid by the city.
(d) An employee whose employment is terminated for reasons other than death, disability or voluntary retirement (P.E.R.S. or equivalent), or who does not submit a two-week written notice, shall forfeit any and all accumulated pay.
(Ord. 9-98, passed 3-2-1998)