[Adopted 10-28-1986 by Ord. No. 86:72 as Sec. 9-2 of the 1986 Code]
Upon service retirement or early retirement, as defined by the Public Employees' Retirement System (PERS) on or after January 1, 1983, any permanent Township employee who is not covered by a collective bargaining agreement and who is immediately eligible for retirement benefits will receive, in one lump sum or in installments as agreed to by the Township, one day's base salary, computed on the basis of the employee's salary at the time of retirement, for each two days of unused accumulated sick leave.
Editor's Note: See N.J.S.A. 43:15A-6 et seq.