[Adopted 10-17-2022 by Ord. No. 2022-07]
[1]
Editor's Note: Former Art. I, Retirement, adopted 3-13-1967 as Ch. 59 of the 1971 Code, which consisted of § 40-1, Age of retirement; applying for pensions, was repealed 7-20-2015 by Ord. No. 2015-12.
Upon the voluntary retirement of a Borough employee with 20 years or more of service to the Borough, accrued sick days will be paid at the rate of 60% of final salary, not to exceed $15,000. "Voluntary retirement" means meeting all eligibility requirements and a pending application for retirement with the Public Employee Retirement System or Police and Firemen's Retirement System. Voluntary retirement does not include a retirement tendered during a pending criminal or administrative investigation, or pending criminal or disciplinary charges which carry a penalty of removal if sustained against the employee. Sick days will be prorated based on the date of retirement.