Deferred Leave Plan. Purpose
38.01 The Prepaid Leave Plan is established to afford Employees the opportunity of taking a one (1) year or one-half (1/2) year leave of absence and to finance the leave through the deferral of salary. For greater clarity, one-half (1/2) year for a ten (10) month Employee will be five (5) months.
Deferred Leave Plan. The Deferred Salary Leave Plan is being introduced as a pilot project to provide Nurses the opportunity of taking a one (1) year leave of absence and, through deferral of salary, finance the leave.
Deferred Leave Plan. The Board will maintain a Deferred Salary Leave Plan for Local members. Components of the Plan are: Plan allows employees to defer a portion of their (33 or 20%) over a period of or years and to withdraw the deferred amount during a one year leave of absence. There is no minimum length of employment required to be eligibleto participate in the Plan. All employees are eligible to participatetwo times in the Plan. Applications must be received by the Secretary-Treasurer prior to March contributions to commence the following September and month employees) July (1 month employees).
Deferred Leave Plan. The Division shall administer a Deferred Salary Leave Plan for the Park West Teachers’ Association of The Manitoba Teachers’ Society.
Deferred Leave Plan. Employees on regular appointments who have been continuously employed at for a minimum of five years are eligible to participate in the Deferred Salary Leave Plan. The terms and conditions of are contained in policy and a copy of the policy may be obtained from the Payroll
Deferred Leave Plan. In each year of the plan, preceding the period of leave, a Teacher will be paid a reduced percentage of their Total Salary. The remaining percentage of the annual salary will be deferred and this accumulated amount plus any interest earned shall be retained by the Board to be paid to the Teacher in the period of the leave. The calculation of interest under the terms of this plan shall be done monthly (not in advance). The interest paid shall be calculated by averaging the interest rates in effect on the last day of each month for a True Savings Account, one (1) Year Term Deposit, a three (3) Year Term Deposit and a five (5) Year Term Deposit. The rates for each of the accounts identified will be those quoted by the financial institution with which the Board deals. In the period of the leave the Board shall pay to the Teacher the total money deferred plus all accrued interest in accordance with Article During the year of the leave, interest shall be paid as follows:
Deferred Leave Plan. It understood and agreed the City of Victoria employees of the Canadian Union of Public Employees, Local shall have access to and be eligible for the Deferred Salary Leave Pian endorsed by City Council for all City of Victoria employees. IN WITNESS WHEREOF the hereto have caused this Letter of to be executed on this day of in the year inthe City of Victoria, Province of British Columbia. FOR THE EMPLOYER FOR THE UNION Chairman, Pres C PE Local Vice-President Local Vice-President Outside, Local i LETTER OF UNDERSTANDING THE CORPORATIONOF THE OF VICTORIA (hereinafter referredto as the "Employer") THE CANADIAN UNION OF PUBLIC EMPLOYEES, LOCAL NO. Pian: Back of Service Subject to the of the the to in such as the up to a sewed interest be subject to the
Deferred Leave Plan. Reference Supplementary letter from to dated, December The Company and Society agree to within six months of the ratification of this Collective Agreement, a proposal for the implementation of a deferred salary leave plan. The Company and the Society further agree that the proposal that the proposal will be modelled on the self-funded leave plan contained in Chapter of the Treasury Board personnel Management Manual. Xxxxx Manager, Human Resources AGREED for the Society date March President Society of Professional Engineers and Associates Dear
Deferred Leave Plan. Teachers may subscribe to the Deferred Salary Leave Plan sponsored by the Teachers' Investment and Housing Co-operative.
Deferred Leave Plan. Teachers returning from Deferred Salary Leaves shall be reinstated in the same position or in a comparable position to the one held at the commencement of the leave with not less than the same wages and benefits. (Note: The Board will continue to administer the terms and conditions of the previously in effect in the former Fort and South School Divisions).
