Sick Leave Redemption

A detective with fewer than five (5) sick days in a twelve (12) month period ending June 30^th of any year may elect to redeem sick days in a lump sum cash payment according to the following schedule:

# of days	Days used	Redemption
15 days	0 used	10 redemption
14 days	1 used	8 redemption
13 days	2 used	7 redemption
12 days	3 used	5 redemption
11 days	4 used	3 redemption
10 days	5 used	0 redemption

Upon retirement a qualifying employee may elect to redeem all or part of his entitlement in full days, unredeemed sick days will be accumulated in the normal manner. A detective shall receive a cash payment equivalent to forty-percent (40%) of the accrued but unused sick leave balance credited to the member on the date of retirement. The two hundred (200) day cap shall continue to apply to such members for purposes of calculation of this payment. A superior detective shall receive a cash payment equivalent to forty-percent (40%) of the accrued but unused sick leave balance credited to the member on the date of retirement. The two hundred forty (240) day cap shall continue to apply to such members for purposes of calculation of this payment.

Sick leave buyback or redemption payments shall be paid to the employee no later than December 1st of each year.

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