Conversion at Retirement. Upon the retirement under the appropriate State of Ohio Retirement System of a full-time employee who has not less than ten (10) years of continuous service with the Employer, such employee shall be entitled to receive a cash payment equal to his daily rate of pay at the time of retirement multiplied by thirty-five percent (35%) of the total number of accumulated but unused paid sick days earned by the employee as certified by the Finance Director, providing that such resulting number of days to be paid shall not exceed sixty five (65). Such payment shall eliminate all accrued but unused sick leave credit.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement