Part 20: STATE RETIREMENT SYSTEM (HEADING: PL 1985, C. 801, §5 (NEW))
Chapter 425: PARTICIPATING LOCAL DISTRICTS HEADING: PL 1985, C. 801, §5 (NEW)
Subchapter 4: CREDITABLE SERVICE HEADING: PL 1985, C. 801, §5 (NEW)
§18356. Unused accrued or accumulated sick leave or unused vacation leave
1. Election. A participating local district may elect to provide service credit for unused accrued or accumulated sick leave or unused vacation leave or a combination of both, for which a member is credited on termination of service, but for which the member does not receive payment.
[ 1985, c. 801, §§ 5, 7 (NEW) .]
2. Limitation. Leave qualifying for service credit under subsection 1 may not exceed a total of 90 days, except as provided in subsection 3.
[ 1985, c. 801, §§ 5, 7 (NEW) .]
3. Exceptions. Leave beyond 90 days may qualify as service credit, up to the maximum number of days of leave, set by personnel rules or by contract, that a person is allowed to accumulate, if the participating local district pays into the Participating Local District Retirement Program the actuarial equivalent of the benefit.
[ 2007, c. 491, §227 (AMD) .]
SECTION HISTORY
1985, c. 801, §§5,7 (NEW). 2007, c. 491, §227 (AMD).
Part 20: STATE RETIREMENT SYSTEM (HEADING: PL 1985, C. 801, §5 (NEW))
Chapter 425: PARTICIPATING LOCAL DISTRICTS HEADING: PL 1985, C. 801, §5 (NEW)
Subchapter 4: CREDITABLE SERVICE HEADING: PL 1985, C. 801, §5 (NEW)
§18356. Unused accrued or accumulated sick leave or unused vacation leave
1. Election. A participating local district may elect to provide service credit for unused accrued or accumulated sick leave or unused vacation leave or a combination of both, for which a member is credited on termination of service, but for which the member does not receive payment.
[ 1985, c. 801, §§ 5, 7 (NEW) .]
2. Limitation. Leave qualifying for service credit under subsection 1 may not exceed a total of 90 days, except as provided in subsection 3.
[ 1985, c. 801, §§ 5, 7 (NEW) .]
3. Exceptions. Leave beyond 90 days may qualify as service credit, up to the maximum number of days of leave, set by personnel rules or by contract, that a person is allowed to accumulate, if the participating local district pays into the Participating Local District Retirement Program the actuarial equivalent of the benefit.
[ 2007, c. 491, §227 (AMD) .]
SECTION HISTORY
1985, c. 801, §§5,7 (NEW). 2007, c. 491, §227 (AMD).
Part 20: STATE RETIREMENT SYSTEM (HEADING: PL 1985, C. 801, §5 (NEW))
Chapter 425: PARTICIPATING LOCAL DISTRICTS HEADING: PL 1985, C. 801, §5 (NEW)
Subchapter 4: CREDITABLE SERVICE HEADING: PL 1985, C. 801, §5 (NEW)
§18356. Unused accrued or accumulated sick leave or unused vacation leave
1. Election. A participating local district may elect to provide service credit for unused accrued or accumulated sick leave or unused vacation leave or a combination of both, for which a member is credited on termination of service, but for which the member does not receive payment.
[ 1985, c. 801, §§ 5, 7 (NEW) .]
2. Limitation. Leave qualifying for service credit under subsection 1 may not exceed a total of 90 days, except as provided in subsection 3.
[ 1985, c. 801, §§ 5, 7 (NEW) .]
3. Exceptions. Leave beyond 90 days may qualify as service credit, up to the maximum number of days of leave, set by personnel rules or by contract, that a person is allowed to accumulate, if the participating local district pays into the Participating Local District Retirement Program the actuarial equivalent of the benefit.
[ 2007, c. 491, §227 (AMD) .]
SECTION HISTORY
1985, c. 801, §§5,7 (NEW). 2007, c. 491, §227 (AMD).
