(a) Permanent non unionized employees who retire with twenty or more years of active service with the City shall receive a retirement bonus in the sum of one hundred fifty dollars ($150.00).
(b) Permanent non unionized employees who have a minimum of ten years services in public employment, or who qualify for retirement under the applicable pensions plan and who elect to retire under the applicable retirement plan of the City, shall, at the time of retirement, receive a lump sum payment for accumulated but unused sick leave up to a maximum amount of four hundred hours a lump sum payment for all accumulated, but unused vacation leave.
(c) Permanent non unionized employees separated from employment for any reason other than retirement, shall at the time of separation, receive a lump sum payment for all accumulated, but unused vacation leave.
(d) In the event of a permanent non unionized employee’s death, the amounts of accumulated but unused sick leave up to a maximum amount of four hundred hours and vacation leave shall be paid to the employee’s spouse or estate if there is no surviving spouse.
(e) In lieu of a portion of the maximum severance allowable in subsection (b), (c) and (d) above, permanent non unionized employees who have a minimum of twenty-five years of service credit with PERS or Police and Fire Pension & Disability Fund or who have attained fifty- seven years of age, or who qualify for retirement under a public pension plan, may request to convert the sick leave and vacation leave hours earned in the current year or prior year to paid wages.
(f) Conversion of such leave shall be limited to one hundred twenty hours of sick leave per year and two hundred hours of vacation leave per year.
(g) Sick leave hours converted in this manner will be deducted on an hour for hour basis from the total number of severance hours outlined in subsection (b) above
(h) Use of sick leave during this conversion period shall result in non-conversion of the amount of sick leave used on an hour for hour basis, except that, the use of sick leave in amounts of more than four consecutive work days or for a purpose as defined under the Family and Medical Leave Act shall not be subject to this provision. Such use may require satisfactory medical documentation for the usage of such leave.
(i) Permanent non unionized employees wishing to participate in this conversion shall submit a letter of intent to the City with the date they wish the benefit to begin. The date to begin shall be the beginning of a pay period and a year shall include twenty-six pay periods. Such letter of intent shall not be considered irrevocable.
(j) The converted amounts shall be paid to the employee during each pay period of participation and the rate of compensation shall be the employee’s then current hourly rate of pay or in the event of a salaried employee, the annual salary will be divided by 2080 hours to calculate the hourly rate of pay.
(Ord. 2004-44. Passed 9-7-04.)