Post-Employment Insurance Benefit
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If an employee retires after the age of fifty-seven (57) and after fifteen (15) consecutive years of service to the District, unused accumulated sick leave shall be converted to a dollar amount equal to one hundred percent (100%) of the employee’s daily rate of pay at the time of retirement multiplied by the number of unused accumulated sick leave days (including accumulated days in the sick/retirement bank where applicable). Such monies shall be applied to the health insurance program monthly premium (including the HRA premium) until the total monies are exhausted.
In order to receive post-employment insurance benefits under this provision, eligible employees must give written notice of their intent to resign or retire by the following dates:
- For full-time year round employees, written notice must be submitted thirty (30) days prior to their requested retirement date.
- For all other employees, written notice must be submitted sixty (60) days prior to their requested retirement date. Written notice cannot be submitted prior to the beginning of the school year. Final submission must occur before 4:30 pm on May 1 of their final school year of employment.
Written notice shall be given to the Director of Human Resources and can be given by email, facsimile, US Mail or personal service. Notice shall be complete if email or facsimile is used when the notice is time stamped as sent and, in the case of U.S. Mail or personal service, when the written notice is actually delivered to the District’s offices.
Rev: 4-11-2016, 6-10-2019, 3-8-2021
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