Free Sample Sick Leave Separation Pay Policy
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Sample Sick Leave Separation Pay Policy


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Sick Leave Separation Pay

Eligibility

All employees who:

·         Retire at age 55 or older with 10 or more years of  service.

·         Participate in an Employer ABC health insurance plan at date of retirement.

·         Have unused sick leave hours at date of retirement.

Policy

ABC Retirees can apply unused sick leave hours to the payment of the employee’s required contributions for post-retirement health insurance coverage. Credit will be given for up to enter amount here hours (enter amount here days) of sick leave.

Procedure

The amount of hours is determined by the employee’s sick leave balance and rate of pay at date of retirement.


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