Employees who terminate their employment with the City for any reason shall have their termination pay computed in the following manner.
(a) They shall be compensated for any earned vacation and bonus vacation including any vacation carried over from the previous year plus vacation earned the year in which the employee terminated. The computation of the vacation earned in the year in which the employee terminated shall be in accordance with the following table.
Entitled to 2 weeks -- .916 x the number of months worked
Entitled to 3 weeks -- 1.333 x the number of months worked
Entitled to 4 weeks -- 1.750 x the number of months worked
Entitled to 5 weeks -- 2.166 x the number of months worked
Entitled to 6 weeks -- 2.584 x the number of months worked
(b) In addition to the above, the employee shall be paid for any holidays worked for which they have not been compensated either in the form of pay or time off. If the employee was entitled to a discretionary holiday and has not taken it and is terminated on or before June 30th, they shall receive pay for the discretionary holiday.
(c) An employee shall also be paid longevity computed on a prorated basis for those number of months worked that year.
(d) In addition to the amount set forth in a, b, and c above, employees who retire, or die while in the employment of the City, or who separate in good standing from employment after twenty-one (21) years of service shall also receive severance pay for unused sick time in accordance with the provisions of Section 2115.94, “Accumulation and Payment of Sick Days”.
In the event the employee has died as the direct result of injuries sustained in the course of employment with the City, his or her estate shall be paid full accumulated sick time at the time of termination.
(e) Employees may purchase up to three (3) years prior service credit from OPERS using their severance pay under the following conditions:
(1) Employee must submit his/her OPERS statement of cost form to the division head no more than one hundred twenty (120) calendar days and no less than ninety (90) calendar days before the intended date of retirement. The employee must also sign a PAF II specifying the retirement date at that time, an individualized severance agreement and release devised by the city which shall include but not limited to, the employees effective date of retirement.
(2) The employee must have adequate severance pay available at the time of application to purchase the amount of prior service credit requested. The City is not responsible for purchasing or processing paperwork for prior service credit over and above the amount of severance pay available at the time of application. The City responsibility is limited to submission of the specified payment to O.P.E.R.S.
(3) The employees severance pay shall be reduced by the amount submitted to O.P.E.R.S. to purchase the prior service credit and the remaining severance pay shall be paid to the employee after retirement.