Loss of Benefits

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A member shall lose the right to obtain the benefits of the sick leave bank by:

  1. Resignation or termination of employment with the local school system;
  2. Cancellation of participation that is effective only on June 30 next;
  3. Refusal to honor such assessment as may be required from time to time by the trustees to maintain an adequate number of reserve days in the bank;
  4. Being on approved leave of absence with the exception of personal illness or disability leave; or
  5. Retirement.


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