Assisted Early Retirement. The Employer may, without prejudice, propose to an employee an early retirement package which may include a financial settlement. The Union will be informed of such an arrangement.
Assisted Early Retirement. Within thirty calendar days of written notice of position elimination being given, a member who is eligible to retire from the Non-Academic Pension Plan on the date of the notice, may elect to take assisted early retirement, at any date within sixty days following the date of the notice of position elimination, with the following benefits: The member taking early retirement will be paid the sum of two hundred and fifty dollars per month from the first of the month following retirement for a maximum of ten years or until the member becomes eligible to receive unreduced OAS/CPP payments, whichever is sooner. Such payments cease in the event of the death of the employee. In addition, the Employer will maintain the basic group life insurance and the dental plan for the employee during this period. An employee opting to accept the benefits outlined in this Article (12.1.2) will forego any other rights under Article 12 and will cease being an employee of the Employer on the date of early retirement.
Assisted Early Retirement. A member who is eligible to retire from the Non-Academic Pension Plan on the date of the notice may elect to take assisted early retirement. The retirement date must be within sixty days following the date of the notice of position elimination. The member taking early retirement will be paid the sum of two hundred and fifty dollars per month from the first of the month following retirement for a maximum of ten years or until the member becomes eligible to receive unreduced OAS/CPP payments, whichever is sooner. Such payments cease in the event of the death of the employee. In addition, the Employer will maintain the basic group life insurance and the dental plan for the employee during this period. An employee opting to accept the benefits outlined in this Article will forego any other rights under Article 12 and will cease being an employee of the Employer on the date of early retirement.
Assisted Early Retirement. The Gallery may, without prejudice, propose to an employee an early retirement package which may include a financial settlement. The Union will be informed of such an arrangement.
Assisted Early Retirement
