Loss of benefits

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. Acts 1981, ch. 283, § 9; T.C.A., § 49-56-109. 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. Acts 1981, ch. 283, § 9; T.C.A., § 49-56-109.