Conversion at Retirement. An employee who has not less than ten (10) years of continuous employment with the City of ▇▇▇▇▇▇▇, and who has qualified for retirement benefits from a State of Ohio Public Employee Retirement System shall, upon retirement, be entitled to receive a cash payment equal to the employee’s hourly rate of pay at the time of retirement multiplied by the percentage as listed in Section 11 of the total number of accumulated but unused sick hours earned by the employee and certified by the City Auditor. The resulting number of hours to be paid shall not exceed those listed in the table contained in Section 11 below.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement