37-4. Unused Sick Day Banks Earned Prior to July 1, 2012
Bargaining unit employees shall retain any bank of unused sick days that the bargaining unit employee accumulated prior to July 1, 2012 in a “retained sick day bank.” Employees may use days from their retained sick day bank for the purposes set forth in Article 37-3. Up to 325 retained sick days earned from BOARD employment prior to July 1, 2012 and left unused in the retained sick day bank at the employee’s resignation, retirement or death shall be paid out at the employee’s rate of pay at the time of the employee’s separation based on the following qualifying events and in the following percentages:
| Qualifying Event | Percentage of Accumulated Sick Leave To Be Paid Out |
|---|---|
| Resignation or retirement with 33.95 or more years of service | 100% |
| Resignation or retirement with at least 20 but less than 33.95 years of service | 90% |
| Resignation or retirement at age 65 with less than 20 years of service | 85% |
| Employee’s Death | 100% |
An employee who qualifies for a payout pursuant to this Article based upon his/her age and/or years of service and who is laid off shall be afforded a period of twelve (12) months from the date of his/her layoff, or last day in the Reassigned Teacher Pool (whichever is later) to a resignation or retirement in order to qualify for a payout.