05-10-1994 ERMU MIN - Laserfiche WebLink

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AMENDMENT TO SICK LEAVE POLICY Present Policy: Employees accrue sick leave at a rate of one day per month of employment to a maximum of 120 days. An employee, upon resignation, termination or retirement, will be paid for unused sick leave to a maximum of 40% of 90 days (36 days) at his or her then prevailing wage. At the end of any calendar year, an employee who has over 120 days accrued will be paid for 40% of any amount over 120 days to bring the balance back to 120 days. Amendment: Employees accrue sick leave at a rate of one day per month of employment to a maximum of 120 days. An employee, upon resignation, termination or retirement, will be paid for unused sick leave to a maximum of 40% of 90 days (36 days) at his or her then prevailing wage. At the end of any calendar year, an employee who has over 120 days accrued will be paid for 40% of any amount over 120 days to bring the balance back to 120 days. The resigning, terminating or retiring employee may elect, in lieu of being paid cash for the previously defined unused sick leave, to have 50% of the unused sick leave to a maximun of 50% of 90 days (45 days) placed in a fund which will be used for the payment of medical insurance by the Utility. This medical insurance may be one of the employee's choosing or the group policy in effect for the Utilities at that time. It can be used for either single or family coverage. If the employee dies before the fund is used up, the remainder shall be paid to the employee's designated beneficiary.