- Employees Hired prior to January 1, 2009
Upon separation from the District, employees in the unit shall be issued payment for all earned, but unused sick days computed at their current rate of compensation according to the following formula, provided the same is permitted by applicable law:
- Employees shall use the two hundred (200) day limitation for accumulated sick days when computing their severance pay.
- Employees shall receive three percent (3%) credit for each year of service, from their most recent appointment date in the District, up to a maximum of twenty-five (25) years.
- Employees shall use their current daily rates of pay when computing severance pay.
- Severance pay shall be computed using this formula:
Years of service, from the most recent appointment date in the District, (maximum of 25 years) times three percent (3%) times the number of accumulated days times the current daily rate of pay.
- Employees Hired after January 1, 2009
- Employees shall use the one-hundred and seventy-five (175) day limitation for accumulated sick days when computing their severance pay.
- Employees shall receive three percent (3%) credit for each year of service, from their most recent appointment date in the District, up to a maximum of twenty-five (25) years.
- Employees shall use an average of their daily rate of compensation issued over the course of their employment when computing severance pay.
- Severance pay shall be computed using this formula:
Years of service, from the most recent appointment date in the District, (maximum of 25 years) times three percent (3%) times the number of accumulated days times an average of their daily rate of compensation issued over the course of their employment.
- A minimum of seven (7) months’ service during a fiscal year shall constitute one (1) year of service.
- Payment to employees for accumulated sick leave shall be funded in keeping with the current funding formula. The Union will be provided with a copy of any audit or analysis of the severance pay/accumulated sick days program as is maintained in the normal course of business.