(A) Employees who terminate their employment with the city shall receive compensation for the following:
(1) All vacation earned in the current year and unused vacation carried over from the previous year. Vacation earned in the current year shall be computed for credit on a monthly basis.
(2)
Holidays, personal days, and all other earned premium pay for which the employee has worked and not already been compensated.
(B) Employees shall be compensated for earned unused sick leave on the following basis:
Tipp City Service Years | Conversion Rate | Maximum Payment |
5 thru 9 | 25% | 30 days (240 hours) |
10 thru 20 | 33.33% | 40 days (320 hours) |
Retirement with 10 but less than 20 years | 50% | 60 days (480 hours) |
Termination or retirement with 20 or more years of service | 75% | 180 days (1440 hours) |
Termination or retirement with 20 or more years of service for employees hired after February 10, 2002 | 75% | 120 days (960 hours) |
(C) Sick leave conversion under this section shall eliminate all sick leave from the employee's credit.
(D) The estate or designated beneficiary of an employee who dies, or becomes permanently disabled while employed as a city employee, shall be paid for unused sick leave and all other earned premium pay consistent with the terms of this chapter.
(1974 Code, § 37.41) (Ord. 12-94, passed 5-16-1994; Am. Ord. 21-97, passed 8-4-1997; Am. Ord. 11-00, passed 4-3-2000; Am. Ord. 07-02, passed 3-4-2002; Am. Ord. 19-18, passed 7-16-2018)