(A) For employees hired before July 1, 2014 and who retires after 10 or more years of service with the City of Van Wert and gives not less than 1 year nor more than 15 months written notice of the 60 day window during which he/she intends to retire, shall be paid 35% of accrued but unused sick leave, up to a maximum of 750 hours.
(B) For employees hired on or after July 1, 2014 and who retires after 10 or more years of service with the City of Van Wert and gives not less than 1 year nor more than 15 months written notice of the 60 day window during which he/she intends to retire, shall be paid 35% of hours accrued but unused sick leave, up to a maximum of 360 hours.
(C) If the employee fails to retire during the specified window period, the time limits for notification stated above shall start over.
(D) If less than 1 year of notice of retirement is provided by the employee or the employee does not have 1,000 or more hours accrued but unused sick leave as of his/her date of retirement, the employee shall be paid for 25% of the employee's accumulated but unused sick leave balance, not to exceed a maximum payment of 240 hours, except in cases where the employee retires due to disability. Employees, who do qualify for disability retirement under OPFPF, will receive the early notification bonus as stated above provided they have the 1,000 or more hours of sick leave accrued at the time of disability retirement.
(E) This payment shall be based on the employee's hourly rate of pay at the time of retirement.
(F) Upon accepting either payment as described above, all sick leave credit accrued up to that time will be eliminated. Sick leave conversion does not apply to any termination or separation other than a disability of service retirement under the Ohio Police and Fire Pension Fund at the time of separation from employment with the City of Van Wert.
(G) All payments for qualifying payout settlement items (vacation, sick leave upon retirement, personal days, comp time, holidays earned, etc.) shall be based on the employee's base pay at the time of resignation, termination or retirement.
(1981 Code, § 36.34) (Ord. 6377-90, passed 1-8-1990; Am. Ord. 6496-92, passed 2-10-1992; Am. Ord. 6545-93, passed 2-22-1993; Am. Ord. 6754-96, passed 12-23-1996; Am. Ord. 6879-98, passed 7-13-1998; Am. Ord. 7034-99, passed 10-27-1999; Am. Ord. 00-10-076, passed 11-27-2000; Am. Ord. 01-09-042, passed 10-22-2001; Am. Ord. 01-10-047, passed 11-26-2001; Am. Ord. 02-10-057, passed 11-25-2002; Am. Ord. 03-10-051, passed 11-24-2003; Am. Ord. 04-10-064, passed 11-22-2004; Am. Ord. 05-11-047, passed 12-12-2005; Am. Ord. 06-10-066, passed 11-27-2006; Am. Ord. 12-10-057, passed 11-26-2012; Am. Ord. 14-02-007, passed 2-24-2014; Am. Ord. 14-03-012, passed 3-24-2014; Am. Ord. 14-11-053, passed 12-22-2014; Am. Ord. 15-11-034, passed 12-28-2015; Am. Ord. 17-03-013, passed 3-13- 2017; Am. Ord. 18-02-007, passed 2-12-2018; Am. Ord. 18-12-074, passed 12-26-2018; Am. Ord. 20- 04-020, passed 4-13-2020; Am. Ord. 20-11-065, passed 12-28-2020; Am. Ord. 21-12-070, passed 12-13-2021; Am. Ord. 22-02-016, passed 2-28-2022; Am. Ord. 24-03-015, passed 3-25-2024)