(a) Each full-time employee of the Municipality, may elect at the time of retirement to be paid in cash for the value of the employee’s accrued but unused sick leave credit according to the following schedule.
(1) Employees with at least ten (10) years but less than twenty (20) years of service may receive one-third of their total unused sick leave balance, up to 125 days (1,000 hours).
(2) Employees with more than twenty (20) years of service may receive one-half of their total unused sick leave balance, up to 130 days (1,040).
(3) Retirement eligibility shall be based upon prevailing Public Employees Retirement System (PERS) or Police and Fire Disability and Pension Fund (PFDPF) rules and regulations.
(b) Each full-time employee may elect at the time of retirement to be paid in cash for the value of the employee’s accrued but unused sick leave credit according to the following schedule.
(1) Employees with at least ten (10) years but less than twenty (20) years of service may receive one-third of their total unused sick leave balance, up to 480 hours.
(2) Employees with more than twenty (20) years of service may receive one-half of their total unused sick leave balance, up to 480 hours.
(3) Retire eligibility shall be based upon prevailing Public Employees Retirement System (PERS) or Police and Fire Disability and Pension Fund (PFDPF) rules and regulations.
(c) Any full-time employee of the Municipality with ten or more years of continued service with the City is entitled to have any former employment with the State of Ohio or any of its political subdivisions counted as service with the Municipality for the purpose of computing the amount of retirement conversion sick leave. Any new employees, hereinafter employed by the City from the date of the effective passage of this section, shall not be permitted to compute the amount of retirement sick leave based on former employment with the City or employment with the State of Ohio or any of its political subdivisions. Any full-time employee with less than ten years of continuous service with the City on the effective date of the passage of this section shall not be entitled to have any former employment with the City or any of its political subdivisions counted as service with the Municipality for the purpose of computing the amount of retirement conversion sick leave.
(d) Such payment shall be based on the employee’s rate of pay at the time of retirement. Payment of 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. The maximum number of sick leave days, which may be converted under this provision, shall be based on tenure as set forth in subsection (a) hereof.
(Ord. 08-24. Passed 6-3-24.)