1999-02-10 - Laserfiche WebLink

Home Browse Search

ARTICLE XXI — HOLIDAYS 21.1 The EMPLOYER will provide eleven (11) paid holidays for calendar years 1999 and 2000. The holidays will be designated as follows: New Year's Day Veteran's Day Martin Luther King Day Thanksgiving Day President's Day Day After Thanksgiving Memorial Day Christmas Day Fourth of July One (1) Floating Holiday * Labor Day * Floating holiday to be taken at the discretion of the EMPLOYEE with the EMPLOYER'S consent. ARTICLE XXII — SICK LEAVE Sick leave with pay shall be granted for all permanent part -time and full -time employees in accordance with the City's current sick leave policy. ARTICLE XXIII — SEVERANCE PAY/ RETIREMENT INSURANCE CONTRIBUTION 23.1 After ten (10) years of continuous employment with the City, and employee of this unit shall, upon honorable severance, receive one -half (1/2) of his /her accumulated sick leave to a maximum of four hundred (400) hours as severance pay. 23.2 Employees, retiring from the City's employment meeting the retirement requirements of P.E.R.A. and qualifying under Section 23.1 may elect to receive, in lieu of severance pay provided in Section 23.1, Employer -paid insurance premiums toward medical /hospital insurance coverage. Said payment shall be provided according to, and limited by, the following: A. Total premium payments shall be limited to the value of one -half (1/2) the accumulated sick leave of the employee upon retirement to a maximum of four hundred (400) hours. B. Premiums shall be only for those insurance plans or coverage available to current employees of the unit. C. In the event an employee electing this benefit chooses to discontinue this coverage, the remaining cash value (cash value upon retirement less premiums paid) shall be paid to the employee, and the employee shall forfeit future rights and coverage of this benefit as well as the right to re- enter the City's insurance plan. 13