Any employee completing a minimum of 10 years of full-time employment with the Borough of Bay Head who has accumulated sick time shall be entitled to partial compensation therefor, in accordance with the conditions and terms set forth in this chapter, upon retirement from said full-time employment with the Borough of Bay Head in accordance with the Public Employment Retirement System (PERS) or such other retirement system which may be in effect and approved by the Division of Pensions, Department of Treasury of the State of New Jersey.
[Amended 4-6-2009 by Ord. No. 2009-04; 6-4-2012 by Ord. No. 2012-07; 4-4-2016 by Ord. No. 2016-09]
A. 
All full-time nonunion permanent employees, 35 or more hours weekly, are permitted 15 sick leave days per year. The amount of such leave not taken shall accumulate from year to year up to a maximum amount of 200 days.
B. 
Any employee qualifying for compensation shall be paid for up to 1/2 of accumulated sick days at the rate of compensation set forth herein, but not to exceed the total sum of $20,000.
Employees shall notify the governing body by December 1 of the year prior to retirement so that the municipality may properly budget the necessary funds. Upon retirement, employees may receive accumulated sick time in a lump sum or, upon request and at the discretion of the governing body, an employee may receive said accumulated sick time within 30 days after the final adoption of the borough's annual budget during the year immediately following the year of retirement. The employee shall make such request at the time of notification of the governing body of retirement as set forth herein.