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SECTION 8.13 SICK LEAVE BUY BACK

Any employee eligible for a City of Malden retirement benefit shall have the opportunity to sell back to the City at retirement any unused sick leave at the rate of ten dollars ($10.00) per day up to a maximum of one-hundred fifty (150) days. Upon the death of an employee, payment of this benefit shall be made to the employee's designated beneficiary or the employee's estate.