ARTICLE VI

SECTION B
COMPENSATION FOR UNUSED PORTION AT RETIREMENT OR DEATH

  1. If an employee with unused sick leave credit

    1. dies;

    2. retires under the PERS retirement system;

    3. resigns when eligible for PERS retirement (5 years of service and age 50);

    4. resigns to enter a City elective office without a break in continuity of City service and serves in such office or other City employment until retired under the PERS retirement system;

    5. is laid off because of the abolition of his or her position or employment or because of the absence of funds;

    He or she or his or her estate shall be entitled to receive one-half (1/2) the value of his or her accrued sick leave computed from the value of his or her accrued sick leave computed from his or her last base salary as an employee. Payment shall be made as soon as practicable following the occurrence of any of the foregoing events.

  2. Upon separation, Crossing Guards shall be entitled to payment of one-half the value of accrued sick leave, if they would have been eligible to retire if they were members of the PERS Retirement System. Crossing Guards do not become members of the City's Retirement System by virtue of this agreement.