Year | Max. Days Accumulated | Max. Days Paid At Retirement |
June 1977 | 45 | 11.25 |
June 1978 | 60 | 15.00 |
June 1979 | 75 | 18.75 |
June 1980 | 90 | 22.50 |
June 1981 | 105 | 26.25 |
June 1982 | 120 | 30.00 |
For purposes of determining the retirement benefit the following schedule shall be used. Individuals on nine, ten, eleven, or twelve-month contracts shall have their salary divided by the respective number of months they are under contract. This monthly salary shall in turn be divided by twenty-two to determine the per diem rate for calculating retirement benefits. The payment of sick leave under this policy eliminates all leave credit of the faculty member at the time of retirement and payment will be made only once to any individual. Sick leave conversion does not apply to any termination or separation other than retirement. An employee who returns to the university service after retiring may accumulate and use sick leaves as before, but may not (under state law) convert the unused sick leave at the time of the second retirement.
Ohio Admin. Code 3337-3-31
Promulgated Under: 111.15
Statutory Authority: 111.15
Rule Amplifies: 111.15
Prior Effective Dates: 3/16/1978