Deferred Salary Leave Plan. 44.01 The deferred salary leave plan enables employees to take six months or one year of leave from the Public Service and to finance this leave through a deferral of salary in previous years. 44.02 Under this plan, participating employees agree to defer a portion of their salary for four or four and one half consecutive years and the Employer agrees to grant the employee leave in the fifth year or the last six months of the fifth year, and to use the amounts deferred in the previous four or four and one-half years to pay the employee's salary during the period of the leave. Participation in the plan is subject to operational requirements. 44.03 During the period of leave, employees may engage in whatever activities they wish. 44.04 The individual plan for each participating employee is a six year period consisting of the following: (i) The first four consecutive years during which the employee draws 80% of salary earned in each of the four years and defers the remaining twenty percent 20%; (ii) The fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred funds; and (iii) The sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut for a minimum of one year; or, (b) The first four consecutive years and six consecutive months during which the employee draws 90% of salary earned in each of the four years and six months and defers the remaining 10%; (i) The last six consecutive months of the fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred funds; and (ii) The first six consecutive months of the sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut for a minimum of six months. 44.05 Participation can begin at any time during the year. 44.06 There is no maximum number of employees allowed to enter the plan. 44.07 Deputy Heads ensure that approved leaves do not impair the future operation of their Department. 44.08 Employees make written application to their Deputy Head. Applications should state the proposed start of the salary deferral and the proposed period of leave. 44.09 The Deputy Head reviews the application and the requirements of the Department and notifies the employee and the respective Department of Finance, Pay and Benefits Officer at least six (6) weeks prior to the start of salary deferral. 44.10 Each participant will sign an agreement covering the details of the plan. 44.11 In each year of the plan preceding the period of the leave, the employee will be paid 80% or 90% of the applicable salary. The remaining 20% or 10% of salary will be deferred and this amount will be retained in trust by the Employer to finance payments during the period of leave. 44.12 The deferred salary will be placed in a trust fund by the Government and any returns on the investment of the trust will be used to pay the participant during the period of leave. (a) The money held in trust will be pooled with other Government funds and the employee will be credited with the average rate of return on those funds. (b) Investments will be restricted to those eligible under Section 57(1) of the Financial Administration Act. (c) A statement of the individual's account will be provided at each anniversary of the plan. Each year T-5's will be produced, showing the taxable income from the funds. 44.13 During the period of leave, the participant shall receive, if on a one year leave, one twenty sixth or, if on a six month leave, one thirteenth of the amount deferred plus any trust fund returns in each pay period, less applicable deductions. No additional payments to the participant can be made such as loans, subsidies, allowances or salary. 44.14 Income Tax will be deducted in accordance with the provisions of the Income Tax Act and its Regulations. 44.15 During the first four or four and one-half years of the plan, the Employer shall provide employee benefits at a level equivalent to 100% of salary. Benefits and premium recoveries for the period of leave will be governed by the rules for Leave Without Pay. All benefits cease except Health Care Plan, superannuation, supplementary death benefit, long term disability insurance, and dental coverage. Premiums for these plans are payable by the employee. Arrangements can be made to have deductions from pay for some of these benefits. 44.16 Upon return from leave, the Department will, wherever possible, place the employee in the position held at the commencement of the leave. Where this is not possible, the employee will be placed in an agreed upon equivalent position. If the employee's position is deleted from the establishment while the employee is on leave, the employee will be entitled to the same rights and benefits had the employee been in the position when it was deleted. 44.17 Returning employees will have their salary review date moved in accordance with 24.10(c). 44.18 The Employer shall cancel participation in the plan and shall refund, within sixty (60) days, the total of the deferred salary plus earnings from the plan, if the employee dies or employment is otherwise terminated. 44.19 Where operational requirements would not be met if the employee proceeded on leave in the fifth year, or where exceptional changes in personal circumstances make the leave unfeasible, the Employer will give the employee the choice of the following: (a) withdrawing from the plan and taking a refund of the total in the deferred salary account; or (b) deferring the period of leave to either the sixth or seventh consecutive year or to some other mutually agreeable time. 44.20 Upon withdrawal from the plan the total in the account will be repaid to the employee within sixty (60) days from the notification of withdrawal.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Deferred Salary Leave Plan.
44.01 (a) The deferred salary leave plan enables employees to take six months or one year of leave from the Public Service Employer and to finance this leave through a deferral of salary in previous years.
44.02 (b) Under this plan, participating employees agree to defer a portion of their salary for four or four and one half consecutive years and the Employer agrees to grant the employee leave in the fifth year or the last six months of the fifth year, and to use the amounts deferred in the previous four or four and one-one half years to pay the employee's ’s salary during the period of the leave. Participation in the plan is subject to operational requirements.
44.03 (c) During the period of leave, employees may engage in whatever activities they wish.
44.04 (d) The individual plan for each participating employee is a six year period consisting of the following:
(i) The first four consecutive years during which the employee draws 80% of salary earned in each of the four years and defers the remaining twenty percent 20%;
(ii) The fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred funds; and
(iii) The sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut for a minimum of one year; or,
(biv) The first four consecutive years and six consecutive months during which the employee draws 90% of salary earned in each of the four years and six months and defers defer the remaining 10%;.
(ia) The last six consecutive months of the fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred funds; and,
(iib) The first six consecutive months of the sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut Qulliq Energy Corporation for a minimum of six months.
44.05 (e) Participation in the program can begin at any given time during the year.
44.06 There (f) As long as operational requirements are satisfied, there is no maximum number of employees allowed to enter the planprogram.
44.07 Deputy Heads ensure that approved leaves do not impair the future operation of their Department.
44.08 (g) Employees must make written application to their Deputy HeadSupervisor. Applications should state the proposed start of the salary deferral and the proposed period of leave.
44.09 The Deputy Head reviews the application and the requirements of the Department and notifies the employee and the respective Department of Finance, Pay and Benefits Officer at least six (6h) weeks prior to the start of salary deferral.
44.10 Each participant will sign an agreement covering the details of the plan.
44.11 (i) In each year of the plan preceding the period of the leave, the employee will be paid 80% or 90% of the applicable salary. The remaining 20% or 10% of salary will be deferred and this amount will be retained in trust by the Employer to finance payments during the period of leave.
44.12 (j) The deferred salary will be placed in a trust fund by the Government Employer and any returns on the investment of the trust will be used to pay the participant participation during the period of leave.
(ai) The money monies held in trust will may be pooled with the other Government Employer funds and the employee will be credited with the average rate of return on those funds.;
(bii) Investments will be restricted to those eligible under Section 57(1) of the Financial Administration Act.the
(ciii) A statement of the individual's ’s account will be provided at each anniversary of the plan. Each year T-5's ’s will be produced, showing the taxable income from the funds.
44.13 (k) During the period of leave, the participant shall receive, if on a one year leave, one twenty sixth or, if on a six month leave, one thirteenth thirteenth, of the amount deferred plus any trust fund returns in each pay period, less applicable deductions. No additional payments to the participant can be made such as loans, subsidies, allowances or salary.
44.14 (l) Income Tax tax will be deducted in accordance with the provisions of the Income Tax Act and its Regulationsregulations.
44.15 (m) During the first four or four and one-one and half years of the plan, the Employer shall provide employee benefits at a level equivalent to 100% of salary. Benefits and premium recoveries for the period of leave will be governed by the rules for Leave Without Pay. All benefits cease except Public Service Health Care Plan, superannuation, supplementary death benefit, long term disability insurance, and dental coverage. Premiums for these plans are payable by the employee. Arrangements can be made to have deductions from pay for some of these benefits.
44.16 (n) Upon return from leave, the Department will, wherever possible, place the employee in the position held at the commencement of the leave. Where this is not possible, the employee will be placed in an agreed upon equivalent position. If the employee's ’s position is deleted from the establishment while the employee is on leave, the employee will be entitled to the same rights and benefits had the employee been in the position when it was deleted.
44.17 Returning employees will have their salary review date moved in accordance with 24.10(c).
44.18 (o) The Employer shall cancel participation in the plan and shall refund, within sixty (60) days, the total of the deferred salary plus earnings from the plan, if the employee dies or employment is otherwise terminated.
44.19 Where operational requirements would not be met if the employee proceeded on leave in the fifth year, or where exceptional changes in personal circumstances make the leave unfeasible, the Employer will give the employee the choice of the following:
(a) withdrawing from the plan and taking a refund of the total in the deferred salary account; or
(b) deferring the period of leave to either the sixth or seventh consecutive year or to some other mutually agreeable time.
44.20 Upon withdrawal from the plan the total in the account will be repaid to the employee within sixty (60) days from the notification of withdrawal.sixty
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Deferred Salary Leave Plan.
44.01 (a) The deferred salary leave plan enables employees to take six months or one year of leave from the Public Service Employer and to finance this leave through a deferral of salary in previous years.
44.02 (b) Under this plan, participating employees agree to defer a portion of their salary for four or four and one half consecutive years and the Employer agrees to grant the employee leave in the fifth year or the last six months of the fifth year, and to use the amounts deferred in the previous four or four and one-one half years to pay the employee's ’s salary during the period of the leave. Participation in the plan is subject to operational requirements.
44.03 (c) During the period of leave, employees may engage in whatever activities they wish.
44.04 (d) The individual plan for each participating employee is a six year period consisting of the following:
(i) The first four consecutive years during which the employee draws 80% of salary earned in each of the four years and defers the remaining twenty percent 20%;
(ii) The fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred funds; and
(iii) The sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut for a minimum of one year; or,
(biv) The first four consecutive years and six consecutive months during which the employee draws 90% of salary earned in each of the four years and six months and defers defer the remaining 10%;.
(ia) The last six consecutive months of the fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred funds; and,
(iib) The first six consecutive months of the sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut Qulliq Energy Corporation for a minimum of six months.
44.05 (e) Participation in the program can begin at any given time during the year.
44.06 There (f) As long as operational requirements are satisfied, there is no maximum number of employees allowed to enter the planprogram.
44.07 Deputy Heads ensure that approved leaves do not impair the future operation of their Department.
44.08 (g) Employees must make written application to their Deputy HeadSupervisor. Applications should state the proposed start of the salary deferral and the proposed period of leave.
44.09 The Deputy Head reviews the application and the requirements of the Department and notifies the employee and the respective Department of Finance, Pay and Benefits Officer at least six (6h) weeks prior to the start of salary deferral.
44.10 Each participant will sign an agreement covering the details of the plan.
44.11 (i) In each year of the plan preceding the period of the leave, the employee will be paid 80% or 90% of the applicable salary. The remaining 20% or 10% of salary will be deferred and this amount will be retained in trust by the Employer to finance payments during the period of leave.
44.12 (j) The deferred salary will be placed in a trust fund by the Government Employer and any returns on the investment of the trust will be used to pay the participant participation during the period of leave.
(ai) The money monies held in trust will may be pooled with the other Government Employer funds and the employee will be credited with the average rate of return on those funds.;
(bii) Investments will be restricted to those eligible under Section 57(1) of the Financial Administration Act.the
(ciii) A statement of the individual's ’s account will be provided at each anniversary of the plan. Each year T-5's ’s will be produced, showing the taxable income from the funds.
44.13 (k) During the period of leave, the participant shall receive, if on a one year leave, one twenty sixth or, if on a six month leave, one thirteenth thirteenth, of the amount deferred plus any trust fund returns in each pay period, less applicable deductions. No additional payments to the participant can be made such as loans, subsidies, allowances or salary.
44.14 (l) Income Tax tax will be deducted in accordance with the provisions of the Income Tax Act and its Regulationsregulations.
44.15 (m) During the first four or four and one-one and half years of the plan, the Employer shall provide employee benefits at a level equivalent to 100% of salary. Benefits and premium recoveries for the period of leave will be governed by the rules for Leave Without Pay. All benefits cease except Public Service Health Care Plan, superannuation, supplementary death benefit, long term disability insurance, and dental coverage. Premiums for these plans are payable by the employee. Arrangements can be made to have deductions from pay for some of these benefits.
44.16 (n) Upon return from leave, the Department will, wherever possible, place the employee in the position held at the commencement of the leave. Where this is not possible, the employee will be placed in an agreed upon equivalent position. If the employee's ’s position is deleted from the establishment while the employee is on leave, the employee will be entitled to the same rights and benefits had the employee been in the position when it was deleted.
44.17 Returning employees will have their salary review date moved in accordance with 24.10(c).
44.18 (o) The Employer shall cancel participation in the plan and shall refund, within sixty (60) days, the total of the deferred salary plus earnings from the plan, if the employee dies or employment is otherwise terminated.
44.19 Where operational requirements would not be met if the employee proceeded on leave in the fifth year, or where exceptional changes in personal circumstances make the leave unfeasible, the Employer will give the employee the choice of the following:
(a) withdrawing from the plan and taking a refund of the total in the deferred salary account; or
(b) deferring the period of leave to either the sixth or seventh consecutive year or to some other mutually agreeable time.
44.20 Upon withdrawal from the plan the total in the account will be repaid to the employee within sixty (60) days from the notification of withdrawal.sixty
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Deferred Salary Leave Plan.
44.01 The deferred salary leave plan enables employees to take six months or one year of leave from the Public Service and to finance this leave through a deferral of salary in previous years.
44.02 Under this plan, participating employees agree to defer a portion of their salary for four or four and one half consecutive years and the Employer agrees to grant the employee leave in the fifth year or the last six months of the fifth year, and to use the amounts deferred in the previous four or four and one-half years to pay the employee's salary during the period of the leave. Participation in the plan is subject to operational requirements.
44.03 During the period of leave, employees may engage in whatever activities they wish.
44.04 The individual plan for each participating employee is a six year period consisting of the following:
(i) The first four consecutive years during which the employee draws 80% of salary earned in each of the four years and defers the remaining twenty percent 20%;
(ii) The fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred funds; and
(iii) The sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut for a minimum of one year; or,
(b) The first four consecutive years and six consecutive months during which the employee draws 90% of salary earned in each of the four years and six months and defers the remaining 10%;
(i) The last six consecutive months of the fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred funds; and
(ii) The first six consecutive months of the sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut for a minimum of six months.
44.05 Participation can begin at any time during the year.
44.06 There is no maximum number of employees allowed to enter the plan.
44.07 Deputy Heads ensure that approved leaves do not impair the future operation of their Department.
44.08 Employees make written application to their Deputy Head. Applications should state the proposed start of the salary deferral and the proposed period of leave.
44.09 The Deputy Head reviews the application and the requirements of the Department and notifies the employee and the respective Department of Finance, Pay and Benefits Officer at least six (6) weeks prior to the start of salary deferral.
44.10 Each participant will sign an agreement covering the details of the plan.
44.11 In each year of the plan preceding the period of the leave, the employee will be paid 80% or 90% of the applicable salary. The remaining 20% or 10% of salary will be deferred and this amount will be retained in trust by the Employer to finance payments during the period of leave.
44.12 The deferred salary will be placed in a trust fund by the Government and any returns on the investment of the trust will be used to pay the participant during the period of leave.
(a) The money held in trust will be pooled with other Government funds and the employee will be credited with the average rate of return on those funds.
(b) Investments will be restricted to those eligible under Section 57(1) of the Financial Administration Act.the
(c) A statement of the individual's account will be provided at each anniversary of the plan. Each year T-5's will be produced, showing the taxable income from the funds.
44.13 During the period of leave, the participant shall receive, if on a one year leave, one twenty sixth or, if on a six month leave, one thirteenth of the amount deferred plus any trust fund returns in each pay period, less applicable deductions. No additional payments to the participant can be made such as loans, subsidies, allowances or salary.
44.14 Income Tax will be deducted in accordance with the provisions of the Income Tax Act and its Regulations.
44.15 During the first four or four and one-half years of the plan, the Employer shall provide employee benefits at a level equivalent to 100% of salary. Benefits and premium recoveries for the period of leave will be governed by the rules for Leave Without Pay. All benefits cease except Public Service Health Care Plan, superannuation, supplementary death benefit, long term disability insurance, and dental coverage. Premiums for these plans are payable by the employee. Arrangements can be made to have deductions from pay for some of these benefits.
44.16 Upon return from leave, the Department will, wherever possible, place the employee in the position held at the commencement of the leave. Where this is not possible, the employee will be placed in an agreed upon equivalent position. If the employee's position is deleted from the establishment while the employee is on leave, the employee will be entitled to the same rights and benefits had the employee been in the position when it was deleted.
44.17 Returning employees will have their salary review date moved in accordance with 24.10(c).
44.18 The Employer shall cancel participation in the plan and shall refund, within sixty (60) days, the total of the deferred salary plus earnings from the plan, if the employee dies or employment is otherwise terminated.
44.19 Where operational requirements would not be met if the employee proceeded on leave in the fifth year, or where exceptional changes in personal circumstances make the leave unfeasible, the Employer will give the employee the choice of the following:
(a) withdrawing from the plan and taking a refund of the total in the deferred salary account; or
(b) deferring the period of leave to either the sixth or seventh consecutive year or to some other mutually agreeable time.
44.20 Upon withdrawal from the plan the total in the account will be repaid to the employee within sixty (60) days from the notification of withdrawal.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Deferred Salary Leave Plan.
44.01 The deferred salary leave plan enables employees to take six months or one year of leave from the Public Service and to finance this leave through a deferral of salary in previous years.
44.02 Under this plan, participating employees agree to defer a portion of their salary for four or four and one half consecutive years and the Employer agrees to grant the employee leave in the fifth year or the last six months of the fifth year, and to use the amounts deferred in the previous four or four and one-half years to pay the employee's salary during the period of the leave. Participation in the plan is subject to operational requirements.
44.03 During the period of leave, employees may engage in whatever activities they wish.
44.04 The individual plan for each participating employee is a six year period consisting of the following:
(i) The first four consecutive years during which the employee draws 80% of salary earned in each of the four years and defers the remaining twenty percent 20%;
(ii) The fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred funds; and
(iii) The sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut for a minimum of one year; or,
(b) The first four consecutive years and six consecutive months during which the employee draws 90% of salary earned in each of the four years and six months and defers the remaining 10%;
(i) The last six consecutive months of the fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred funds; and
(ii) The first six consecutive months of the sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut for a minimum of six months.
44.05 Participation can begin at any time during the year.
44.06 There is no maximum number of employees allowed to enter the plan.
44.07 Deputy Heads ensure that approved leaves do not impair the future operation of their Department.
44.08 Employees make written application to their Deputy Head. Applications should state the proposed start of the salary deferral and the proposed period of leave.
44.09 The Deputy Head reviews the application and the requirements of the Department and notifies the employee and the respective Department of Finance, Pay and Benefits Officer at least six (6) weeks prior to the start of salary deferral.
44.10 Each participant will sign an agreement covering the details of the plan.
44.11 In each year of the plan preceding the period of the leave, the employee will be paid 80% or 90% of the applicable salary. The remaining 20% or 10% of salary will be deferred and this amount will be retained in trust by the Employer to finance payments during the period of leave.
44.12 The deferred salary will be placed in a trust fund by the Government and any returns on the investment of the trust will be used to pay the participant during the period of leave.
(a) The money held in trust will be pooled with other Government funds and the employee will be credited with the average rate of return on those funds.
(b) Investments will be restricted to those eligible under Section 57(1) of the Financial Administration Act.the
(c) A statement of the individual's account will be provided at each anniversary of the plan. Each year T-5's will be produced, showing the taxable income from the funds.
44.13 During the period of leave, the participant shall receive, if on a one year leave, one twenty sixth or, if on a six month leave, one thirteenth of the amount deferred plus any trust fund returns in each pay period, less applicable deductions. No additional payments to the participant can be made such as loans, subsidies, allowances or salary.
44.14 Income Tax will be deducted in accordance with the provisions of the Income Tax Act and its Regulations.
44.15 During the first four or four and one-half years of the plan, the Employer shall provide employee benefits at a level equivalent to 100% of salary. Benefits and premium recoveries for the period of leave will be governed by the rules for Leave Without Pay. All benefits cease except Public Service Health Care Plan, superannuation, supplementary death benefit, long term disability insurance, and dental coverage. Premiums for these plans are payable by the employee. Arrangements can be made to have deductions from pay for some of these benefits.
44.16 Upon return from leave, the Department will, wherever possible, place the employee in the position held at the commencement of the leave. Where this is not possible, the employee will be placed in an agreed upon equivalent position. If the employee's position is deleted from the establishment while the employee is on leave, the employee will be entitled to the same rights and benefits had the employee been in the position when it was deleted.
44.17 Returning employees will have their salary review date moved in accordance with 24.10(c).
44.18 The Employer shall cancel participation in the plan and shall refund, within sixty (60) days, the total of the deferred salary plus earnings from the plan, if the employee dies or employment is otherwise terminated.
44.19 Where operational requirements would not be met if the employee proceeded on leave in the fifth year, or where exceptional changes in personal circumstances make the leave unfeasible, the Employer will give the employee the choice of the following:
(a) withdrawing from the plan and taking a refund of the total in the deferred salary account; or
(b) deferring the period of leave to either the sixth or seventh consecutive year or to some other mutually agreeable time.
44.20 Upon withdrawal from the plan the total in the account will be repaid to the employee within sixty (60) days from the notification of withdrawal.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Deferred Salary Leave Plan.
44.01 The deferred salary leave plan enables employees to take six months or one year of leave from the Public Service and to finance this leave through a deferral of salary in previous years.
44.02 Under this plan, participating employees agree to defer a portion of their salary for four or four and one half consecutive years and the Employer agrees to grant the employee leave in the fifth year or the last six months of the fifth year, and to use the amounts deferred in the previous four or four and one-half years to pay the employee's salary during the period of the leave. Participation in the plan is subject to operational requirements.
44.03 During the period of leave, employees may engage in whatever activities they wish.
44.04 The individual plan for each participating employee is a six year period consisting of the following:
(i) The first four consecutive years during which the employee draws 80% of salary earned in each of the four years and defers the remaining twenty percent 20%;
(ii) The fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred funds; and
(iii) The sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut for a minimum of one year; or,
(b) The first four consecutive years and six consecutive months during which the employee draws 90% of salary earned in each of the four years and six months and defers the remaining 10%;
(i) The last six consecutive months of the fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred funds; and
(ii) The first six consecutive months of the sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut for a minimum of six months.
44.05 Participation can begin at any time during the year.
44.06 There is no maximum number of employees allowed to enter the plan.
44.07 Deputy Heads ensure that approved leaves do not impair the future operation of their Department.
44.08 Employees make written application to their Deputy Head. Applications should state the proposed start of the salary deferral and the proposed period of leave.
44.09 The Deputy Head reviews the application and the requirements of the Department and notifies the employee and the respective Department of Finance, Pay and Benefits Officer at least six (6) weeks prior to the start of salary deferral.
44.10 Each participant will sign an agreement covering the details of the plan.
44.11 In each year of the plan preceding the period of the leave, the employee will be paid 80% or 90% of the applicable salary. The remaining 20% or 10% of salary will be deferred and this amount will be retained in trust by the Employer to finance payments during the period of leave.
44.12 The deferred salary will be placed in a trust fund by the Government and any returns on the investment of the trust will be used to pay the participant during the period of leave.
(a) The money held in trust will be pooled with other Government funds and the employee will be credited with the average rate of return on those funds.
(b) Investments will be restricted to those eligible under Section 57(1) of the Financial Administration Act.
(c) A statement of the individual's account will be provided at each anniversary of the plan. Each year T-5's will be produced, showing the taxable income from the funds.
44.13 During the period of leave, the participant shall receive, if on a one year leave, one twenty sixth or, if on a six month leave, one thirteenth of the amount deferred plus any trust fund returns in each pay period, less applicable deductions. No additional payments to the participant can be made such as loans, subsidies, allowances or salary.
44.14 Income Tax will be deducted in accordance with the provisions of the Income Tax Act and its Regulations.
44.15 During the first four or four and one-half years of the plan, the Employer shall provide employee benefits at a level equivalent to 100% of salary. Benefits and premium recoveries for the period of leave will be governed by the rules for Leave Without Pay. All benefits cease except Public Service Health Care Plan, superannuation, supplementary death benefit, long term disability insurance, and dental coverage. Premiums for these plans are payable by the employee. Arrangements can be made to have deductions from pay for some of these benefits.
44.16 Upon return from leave, the Department will, wherever possible, place the employee in the position held at the commencement of the leave. Where this is not possible, the employee will be placed in an agreed upon equivalent position. If the employee's position is deleted from the establishment while the employee is on leave, the employee will be entitled to the same rights and benefits had the employee been in the position when it was deleted.
44.17 Returning employees will have their salary review date moved in accordance with 24.10(c).
44.18 The Employer shall cancel participation in the plan and shall refund, within sixty (60) days, the total of the deferred salary plus earnings from the plan, if the employee dies or employment is otherwise terminated.
44.19 Where operational requirements would not be met if the employee proceeded on leave in the fifth year, or where exceptional changes in personal circumstances make the leave unfeasible, the Employer will give the employee the choice of the following:
(a) withdrawing from the plan and taking a refund of the total in the deferred salary account; or
(b) deferring the period of leave to either the sixth or seventh consecutive year or to some other mutually agreeable time.
44.20 Upon withdrawal from the plan the total in the account will be repaid to the employee within sixty (60) days from the notification of withdrawal.
Appears in 1 contract
Samples: Collective Agreement
Deferred Salary Leave Plan.
44.01 66.01 The deferred salary leave plan enables indeterminate employees to take six months or one year of leave from the Public Service Employer, and to finance this leave through a deferral of salary in previous years.
44.02 66.02 Under this plan, participating employees agree to defer a portion of their salary for four or four and one half consecutive years and the Employer agrees to grant the employee leave in the fifth year or the last six months of the fifth year, and to use the amounts deferred in the previous four or four and one-half years to pay the employee's salary during the period of the leave. Participation in the plan is subject to operational requirements.
44.03 66.03 During the period of leave, employees may engage in whatever activities they wish, except to be employed with the Employer in any capacity, including casual employment.
44.04 66.04 The individual plan for each participating employee is a six year period consisting of the following:
(ia) The first four consecutive years during which the employee draws 80% of salary earned in each of the four years and defers the remaining twenty percent 20%;
(iib) The fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred fundsabove; and
(iiic) The sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut Employer for a minimum of one year; or,
(ba) The first four consecutive years and six consecutive months during which the employee draws 90% of salary earned in each of the four years and six months and defers the remaining 10%;
(ib) The last six consecutive months of the fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred fundsabove; and
(iic) The first six consecutive months of the sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut Employer for a minimum of six months.
44.05 66.05 Participation can begin at any time during the year.
44.06 66.06 There is no maximum number of employees allowed to enter the plan.
44.07 Deputy Heads 66.07 The Employer must ensure that approved leaves do not impair the future operation of their Departmentthe organization.
44.08 66.08 Employees make written application to their Deputy Headthe Employer. Applications should will state the proposed start of the salary deferral and the proposed period of leave.
44.09 The Deputy Head reviews the application and the requirements . Employees will be notified of the Department and notifies the employee and the respective Department approval of Finance, Pay and Benefits Officer their application at least six (6) weeks prior to the start of the salary deferral.
44.10 66.09 Each participant will sign an agreement covering the details of the plan.
44.11 66.10 In each year of the plan preceding the period of the leave, the employee will be paid 80% or 90% of the applicable salary. The remaining 20% or 10% of salary will be deferred and this amount will be retained in trust by the Employer to finance payments during the period of leave.
44.12 66.11 The deferred salary will be placed in a trust fund retained by the Government and any returns on the investment of the trust will be used to pay the participant during the period of leave.
(a) The money held in trust will be pooled with other Government funds and the employee will be credited with the average rate of return on those funds.
(b) Investments will be restricted to those eligible under Section 57(1) of the Financial Administration Act.
(c) Employer. A statement of the individualemployee's account deferred amount will be provided at each anniversary of the plan. Each year T-5's will be produced, showing the taxable income from the funds.
44.13 66.12 During the period of leave, the participant employee shall receive, if on a one year leave, one twenty sixth or, if on a six month leave, one thirteenth of the total deferred amount deferred plus any trust fund returns in each pay period, less applicable deductions. No additional payments to the participant employee can be made such as loans, subsidies, allowances or salary.
44.14 66.13 Income Tax will be deducted in accordance with the provisions of the Income Tax Act and its Regulations.
44.15 66.14 During the first four or four and one-half years of the plan, the Employer shall provide employee benefits at a level equivalent to 100% of salary. Benefits and premium recoveries for the period of leave will be governed by the rules for Leave Without Pay. All Pension and all benefits cease except Health Care Planwill be provided in accordance with the plan provisions. Where pension and benefits are provided for the period of leave, superannuation, supplementary death benefit, long term disability insurance, all required contributions and dental coverage. Premiums for these plans premiums are payable by the employee. Arrangements can be made to have deductions from pay for some of these benefits.
44.16 66.15 Upon return from leave, the Department Employer will, wherever possible, place the employee in the position held at the commencement of the leave. Where this is not possible, the employee will be placed in an agreed upon equivalent a comparable position. If the employee's position is deleted from the establishment while the employee is on leave, the employee will be entitled to the same rights and benefits had the employee been in the position when it was deleted.
44.17 66.16 Returning employees will have their salary review date moved in accordance with 24.10(c)17.10.
44.18 66.17 The Employer shall cancel participation in the plan and shall refund, within sixty (60) days, the total of the deferred salary plus earnings from the planamount, if the employee dies or employment is otherwise terminated.
44.19 66.18 Where operational requirements would not be met if the employee proceeded on leave in the fifth year, or where exceptional changes in personal circumstances make the leave unfeasible, the Employer will give the employee the choice of the following:
(a) withdrawing from the plan and taking a refund of the total in the deferred salary accountamount; or
(b) deferring the period of leave to either the sixth or seventh consecutive year or to some other mutually agreeable time.
44.20 66.19 Upon withdrawal from the plan the total in the account deferred amount will be repaid to the employee within sixty (60) days from the notification of withdrawal.. Dated at Hay River this day of , 2009 Xxxxxxx Xxxxx Public Administrator Xxxx-Xxxxxxxx Des Lauriers Regional-Executive Vice-President, PSAC North Xx Xxxxx Chief Executive Officer Xxxx Xxxxxx Bargaining Team Member Xxxx Xxxxx Manager, Human Resources Xxxx Xxxx Bargaining Team Member Xxxxxx Xxxxxxxxx Human Resources Officer Xxxxxxxx Xxxxxxx Bargaining Team member Xxxxxxx Xxxxxxxx Quality Improvement Coordinator Xxxx XxXxxxxx Negotiator Xxxxx Xxxx Negotiator
Appears in 1 contract
Samples: Collective Agreement
Deferred Salary Leave Plan.
44.01 66.01 The deferred salary leave plan enables indeterminate employees to take six months or one year of leave from the Public Service Employer, and to finance this leave through a deferral of salary in previous years.
44.02 66.02 Under this plan, participating employees agree to defer a portion of their salary for four or four and one half consecutive years and the Employer agrees to grant the employee leave in the fifth year or the last six months of the fifth year, and to use the amounts deferred in the previous four or four and one-half years to pay the employee's salary during the period of the leave. Participation in the plan is subject to operational requirements.to
44.03 66.03 During the period of leave, employees may engage in whatever activities they wish, except to be employed with the Employer in any capacity, including casual employment.
44.04 66.04 The individual plan for each participating employee is a six year period consisting of the following:
(ia) The first four consecutive years during which the employee draws 80% of salary earned in each of the four years and defers the remaining twenty percent 20%;
(iib) The fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred fundsabove; and
(iiic) The sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut Employer for a minimum of one year; or,
(ba) The first four consecutive years and six consecutive months during which the employee draws 90% of salary earned in each of the four years and six months and defers the remaining 10%;
(ib) The last six consecutive months of the fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred fundsabove; and
(iic) The first six consecutive months of the sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut Employer for a minimum of six months.
44.05 66.05 Participation can begin at any time during the year.
44.06 66.06 There is no maximum number of employees allowed to enter the plan.
44.07 Deputy Heads 66.07 The Employer must ensure that approved leaves do not impair the future operation of their Departmentthe organization.
44.08 66.08 Employees make written application to their Deputy Headthe Employer. Applications should will state the proposed start of the salary deferral and the proposed period of leave.
44.09 The Deputy Head reviews the application and the requirements . Employees will be notified of the Department and notifies the employee and the respective Department approval of Finance, Pay and Benefits Officer their application at least six (6) weeks prior to the start of the salary deferral.
44.10 66.09 Each participant will sign an agreement covering the details of the plan.
44.11 66.10 In each year of the plan preceding the period of the leave, the employee will be paid 80% or 90% of the applicable salary. The remaining 20% or 10% of salary will be deferred and this amount will be retained in trust by the Employer to finance payments during the period of leave.
44.12 66.11 The deferred salary will be placed in a trust fund retained by the Government and any returns on the investment of the trust will be used to pay the participant during the period of leave.
(a) The money held in trust will be pooled with other Government funds and the employee will be credited with the average rate of return on those funds.
(b) Investments will be restricted to those eligible under Section 57(1) of the Financial Administration Act.
(c) Employer. A statement of the individualemployee's account deferred amount will be provided at each anniversary of the plan. Each year T-5's will be produced, showing the taxable income from the funds.
44.13 66.12 During the period of leave, the participant employee shall receive, if on a one year leave, one twenty sixth or, if on a six month leave, one thirteenth of the total deferred amount deferred plus any trust fund returns in each pay period, less applicable deductions. No additional payments to the participant employee can be made such as loans, subsidies, allowances or salary.
44.14 66.13 Income Tax will be deducted in accordance with the provisions of the Income Tax Act and its Regulations.
44.15 66.14 During the first four or four and one-half years of the plan, the Employer shall provide employee benefits at a level equivalent to 100% of salary. Benefits and premium recoveries for the period of leave will be governed by the rules for Leave Without Pay. All Pension and all benefits cease except Health Care Planwill be provided in accordance with the plan provisions. Where pension and benefits are provided for the period of leave, superannuation, supplementary death benefit, long term disability insurance, all required contributions and dental coverage. Premiums for these plans premiums are payable by the employee. Arrangements can be made to have deductions from pay for some of these benefits.
44.16 66.15 Upon return from leave, the Department Employer will, wherever possible, place the employee in the position held at the commencement of the leave. Where this is not possible, the employee will be placed in an agreed upon equivalent a comparable position. If the employee's position is deleted from the establishment while the employee is on leave, the employee will be entitled to the same rights and benefits had the employee been in the position when it was deleted.
44.17 66.16 Returning employees will have their salary review date moved in accordance with 24.10(c)17.10.
44.18 66.17 The Employer shall cancel participation in the plan and shall refund, within sixty (60) days, the total of the deferred salary plus earnings from the plan, if the employee dies or employment is otherwise terminated.sixty
44.19 66.18 Where operational requirements would not be met if the employee proceeded on leave in the fifth year, or where exceptional changes in personal circumstances make the leave unfeasible, the Employer will give the employee the choice of the following:
(a) withdrawing from the plan and taking a refund of the total in the deferred salary accountamount; oror,
(b) deferring the period of leave to either the sixth or seventh consecutive year or to some other mutually agreeable time.
44.20 66.19 Upon withdrawal from the plan the total in the account deferred amount will be repaid to the employee within sixty (60) days from the notification of withdrawal.
Appears in 1 contract
Samples: Collective Agreement
Deferred Salary Leave Plan.
44.01 66.01 The deferred salary leave plan enables indeterminate employees to take six months or one year of leave from the Public Service Employer, and to finance this leave through a deferral of salary in previous years.
44.02 66.02 Under this plan, participating employees agree to defer a portion of their salary for four or four and one half consecutive years and the Employer agrees to grant the employee leave in the fifth year or the last six months of the fifth year, and to use the amounts deferred in the previous four or four and one-half years to pay the employee's salary during the period of the leave. Participation in the plan is subject to operational requirements.requirements.
44.03 66.03 During the period of leave, employees may engage in whatever activities they wish, except to be employed with the Employer in any capacity, including casual employment.
44.04 66.04 The individual plan for each participating employee is a six year period consisting of the following:following:
(ia) The first four consecutive years during which the employee draws 80% of salary earned in each of the four years and defers the remaining twenty percent 20%;
(iib) The fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred fundsabove; and
(iiic) The sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut Employer for a minimum of one year; or,
(ba) The first four consecutive years and six consecutive months during which the employee draws 90% of salary earned in each of the four years and six months and defers the remaining 10%;
(ib) The last six consecutive months of the fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred fundsabove; and
(iic) The first six consecutive months of the sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut Employer for a minimum of six months.
44.05 66.05 Participation can begin at any time during the year.
44.06 66.06 There is no maximum number of employees allowed to enter the plan.
44.07 Deputy Heads 66.07 The Employer must ensure that approved leaves do not impair the future operation of their Department.the organization.
44.08 66.08 Employees make written application to their Deputy Headthe Employer. Applications should will state the proposed start of the salary deferral and the proposed period of leave.
44.09 The Deputy Head reviews the application and the requirements . Employees will be notified of the Department and notifies the employee and the respective Department approval of Finance, Pay and Benefits Officer their application at least six (6) weeks prior to the start of the salary deferral.
44.10 66.09 Each participant will sign an agreement covering the details of the plan.
44.11 66.10 In each year of the plan preceding the period of the leave, the employee will be paid 80% or 90% of the applicable salary. The remaining 20% or 10% of salary will be deferred and this amount will be retained in trust by the Employer to finance payments during the period of leave.
44.12 66.11 The deferred salary will be placed held in a trust fund by in an interest bearing account. A statement of the Government and any employee’s deferred amount will be provided at each anniversary of the plan. Any returns on the investment of the trust will shall be used paid to pay the participant during employee at the period end of leaveeach calendar year.
(a) The money held in trust will be pooled with other Government the deferred salary leave funds held in trust for HRHSSA employees and the employee will be credited with the average rate of return actual interest earned on those the employee’s funds.
(b) Investments will be restricted to those eligible under Section 57(1) of the Financial Administration Act.
(c) A statement of the individual's ’s account will be provided at each anniversary of the plan. Each year T-5's to each
(c) Interest paid will be produced, showing reported on the taxable income from the funds.employee’s T-4.
44.13 66.12 During the period of leave, the participant employee shall receive, if on a one year leave, one twenty sixth or, if on a six month leave, one thirteenth of the total deferred amount deferred plus any trust fund returns in each pay period, less applicable deductions. The residual will continue to earn interest in accordance with Clause 66.11 above, any accumulation of interest will be paid out on the last pay period. No additional payments to the participant employee can be made such as loans, subsidies, allowances or salary.
44.14 66.13 Income Tax will be deducted in accordance with the provisions of the Income Tax Act and its Regulations.
44.15 66.14 During the first four or four and one-half years of the plan, the Employer shall provide employee benefits at a level equivalent to 100% of salary. Benefits and premium recoveries for the period of leave will be governed by the rules for Leave Without Pay. All Pension and all benefits cease except Health Care Plan, superannuation, supplementary death benefit, long term disability insurance, and dental coverage. Premiums for these plans are payable by the employee. Arrangements can be made to have deductions from pay for some of these benefits.
44.16 Upon return from leave, the Department will, wherever possible, place the employee in the position held at the commencement of the leave. Where this is not possible, the employee will be placed in an agreed upon equivalent position. If the employee's position is deleted from the establishment while the employee is on leave, the employee will be entitled to the same rights and benefits had the employee been in the position when it was deleted.
44.17 Returning employees will have their salary review date moved provided in accordance with 24.10(c).
44.18 The Employer shall cancel participation in the plan provisions. Where pension and shall refund, within sixty (60) days, the total of the deferred salary plus earnings from the plan, if the employee dies or employment is otherwise terminated.
44.19 Where operational requirements would not be met if the employee proceeded on leave in the fifth year, or where exceptional changes in personal circumstances make the leave unfeasible, the Employer will give the employee the choice of the following:
(a) withdrawing from the plan and taking a refund of the total in the deferred salary account; or
(b) deferring benefits are provided for the period of leave to either the sixth or seventh consecutive year or to some other mutually agreeable time.
44.20 Upon withdrawal from the plan the total in the account will be repaid to the employee within sixty (60) days from the notification of withdrawal.leave, all
Appears in 1 contract
Samples: Collective Agreement
Deferred Salary Leave Plan.
44.01 (a) The deferred salary leave plan enables employees to take six months or one year of leave from the Public Service Employer and to finance this leave through a deferral of salary in previous years.
44.02 (b) Under this plan, participating employees agree to defer a portion of their salary for four or four and one half consecutive years and the Employer agrees to grant the employee leave in the fifth year or the last six months of the fifth year, and to use the amounts deferred in the previous four or four and one-one half years to pay the employee's salary during the period of the leave. Participation in the plan is subject to operational requirements.
44.03 (c) During the period of leave, employees may engage in whatever activities they wish.
44.04 (d) The individual plan for each participating employee is a six year period consisting of the following:
(i) The first four consecutive years during which the employee draws 80% of salary earned in each of the four years and defers the remaining twenty percent 20%;
(ii) The fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred funds; and
(iii) The sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut for a minimum of one year; or,
(biv) The first four consecutive years and six consecutive months during which the employee draws 90% of salary earned in each of the four years and six months and defers defer the remaining 10%;.
(ia) The last six consecutive months of the fifth consecutive year in which the employee takes the leave, and is paid from the amounts deferred above plus any interest earned on the deferred funds; and,
(iib) The first six consecutive months of the sixth consecutive year in which the employee returns to employment with the Public Service of Nunavut Qulliq Energy Corporation for a minimum of six months.
44.05 (e) Participation in the program can begin at any given time during the year.
44.06 There (f) As long as operational requirements are satisfied, there is no maximum number of employees allowed to enter the planprogram.
44.07 Deputy Heads ensure that approved leaves do not impair the future operation of their Department.
44.08 (g) Employees must make written application to their Deputy HeadSupervisor. Applications should state the proposed start of the salary deferral and the proposed period of leave.
44.09 The Deputy Head reviews the application and the requirements of the Department and notifies the employee and the respective Department of Finance, Pay and Benefits Officer at least six (6h) weeks prior to the start of salary deferral.
44.10 Each participant will sign an agreement covering the details of the plan.
44.11 (i) In each year of the plan preceding the period of the leave, the employee will be paid 80% or 90% of the applicable salary. The remaining 20% or 10% of salary will be deferred and this amount will be retained in trust by the Employer to finance payments during the period of leave.
44.12 The deferred salary will be placed in a trust fund by the Government and any returns on the investment of the trust will be used to pay the participant during the period of leave.
(a) The money held in trust will be pooled with other Government funds and the employee will be credited with the average rate of return on those funds.
(b) Investments will be restricted to those eligible under Section 57(1) of the Financial Administration Act.
(c) A statement of the individual's account will be provided at each anniversary of the plan. Each year T-5's will be produced, showing the taxable income from the funds.
44.13 During the period of leave, the participant shall receive, if on a one year leave, one twenty sixth or, if on a six month leave, one thirteenth of the amount deferred plus any trust fund returns in each pay period, less applicable deductions. No additional payments to the participant can be made such as loans, subsidies, allowances or salary.
44.14 Income Tax will be deducted in accordance with the provisions of the Income Tax Act and its Regulations.
44.15 During the first four or four and one-half years of the plan, the Employer shall provide employee benefits at a level equivalent to 100% of salary. Benefits and premium recoveries for the period of leave will be governed by the rules for Leave Without Pay. All benefits cease except Health Care Plan, superannuation, supplementary death benefit, long term disability insurance, and dental coverage. Premiums for these plans are payable by the employee. Arrangements can be made to have deductions from pay for some of these benefits.
44.16 Upon return from leave, the Department will, wherever possible, place the employee in the position held at the commencement of the leave. Where this is not possible, the employee will be placed in an agreed upon equivalent position. If the employee's position is deleted from the establishment while the employee is on leave, the employee will be entitled to the same rights and benefits had the employee been in the position when it was deleted.
44.17 Returning employees will have their salary review date moved in accordance with 24.10(c).
44.18 The Employer shall cancel participation in the plan and shall refund, within sixty (60) days, the total of the deferred salary plus earnings from the plan, if the employee dies or employment is otherwise terminated.
44.19 Where operational requirements would not be met if the employee proceeded on leave in the fifth year, or where exceptional changes in personal circumstances make the leave unfeasible, the Employer will give the employee the choice of the following:
(a) withdrawing from the plan and taking a refund of the total in the deferred salary account; or
(b) deferring the period of leave to either the sixth or seventh consecutive year or to some other mutually agreeable time.
44.20 Upon withdrawal from the plan the total in the account will be repaid to the employee within sixty (60) days from the notification of withdrawal.
Appears in 1 contract
Samples: Collective Agreement
