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 Division shall administer a Deferred Salary Leave Plan for the Park West Teachers’ Association of The Manitoba Teachers’ Society. ARTICLE LEAVES
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. [Available only to those currently enrolled In the plan and operational until such time as the last member has withdrawn received their final . All funds under provisions of this Plan shall be for the teacher by the Durham School in an account at the Board’s bank. Such funds are not accessible to the teacher until the year of the leave or the teacher the Plan as outlined in Section The account will be credited with of interest earned at the rate paid by the bank on such accounts. The provide each participant with a statement of the participant’s account as of each year. Interest earned on the money on with the Board’s bank shall be paid to the teacher once each year. The appropriate tax form shall be completed by sent to the teacher. Should a teacher withdraw from the Plan as outlined in Section ail accumulated to the date of withdrawal shall be returned to the teacher within ninety days, according to that teacher’s Instructions. It is understood that where tax has bean deterred, a source will be Income tax and other statutory deductions upon release of the funds to the teacher. The method of repayment of accumulated monies, less appropriate deductions, will be on September 1 and the balance on February 1 In the year of the During the year of the leave, the teacher shall retain all benefits according to the current Collective Agreement, which shall be paid by the teacher and the Board, exclusive of which shall continue to be paid by the teacher. The teacher’s share of the cost of benefits shall be paid by automatic debit, and the teacher shell provide the Board with necessary and sufficient information and Implement that process.
Deferred Leave Plan. The Deferred Salary Leave Plan is a self-financing plan that has been developed to afford a Teacher the opportunity of a one-year leave of absence with pay by spreading the salary payments over a deferred period. The payment of salary and timing of the Deferred Salary Leave Plan may be as follows: In the first four (4)years of the Plan a Teacher will be paid of the annual salary normally paid under the collective agreement. The remaining of the annual salary shall be withheld by the Board in each of the years leading up to the leave period. These amounts shall be held in trust by the Board and interest accumulated and paid at the Canada Savings Bond rate of the current year. The interest is to be added semi- annually at the end of December and at the end of June. During the Leave period the Teacher shall receive the total deferred salary.
Deferred Leave Plan. The Board will establish a Deferred Salary Leave Plan which adheres to Revenue Canada Requirements.
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 of LETTER OF UNDERSTANDING Between THE CORPORATIONOF THE OF VICTORIA (hereinafter referredto as the "Employer") and THE CANADIAN UNION OF PUBLIC EMPLOYEES, LOCAL NO. (hereinafter referred to as the "Union") Pian: Back of Service Subject to the of the the to in such as the up to a sewed has as a interest be subject to the
Deferred Leave Plan. Teachers may subscribe to the Deferred Salary Leave Plan sponsored by the Teachers' Investment and Housing Co-operative. Teachers wishing to participate must make their wishes known to the board on or before March 30th of the school year preceding the one in which the plan is to commence.
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 ARTICLE HEALTH AND WELFARE PLANS Insurance Plan
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 Drive Ontario Dear
