Deferred Salary Leave Plan. 31.01 The Self Funded Salary Leave Plan provides for employees of the Employer to self fund a paid leave of absence by deferral of salary on the basis of: a) two over three years; b) three over four years, or c) four over five years. The plan is voluntary and is established in accordance with a defined formula of income adjustment and paid leave, but in any case shall not result in any increase in costs to the Employer. 31.02 It is understood that the leave year will commence at a time mutually convenient to the parties subject to the operating needs of the Employer. In all cases, the leave year will be the final year of the plan. 31.03 Permanent employees with three (3) years service with the Employer are eligible to participate in the plan. An employee is limited to one self-funded leave within any ten (10) year period. Participation in the plan is limited to one employee per team being away at any given time. 31.04 Written application for enrolment in the plan must be made to the Human Resources manager at least three (3) months in advance of commencement of the first year of the plan. The decision to accept or deny enrolment in the program rests exclusively with the employer and in any event written acceptance, or denial of the employee’s request, will be forwarded to the employee within 60 days of the request. The service and needs of the Employer will take priority in all cases, but where the considerations are equal, preference will be given to applicants on the basis of seniority. 31.05 The interest rate shall be the current rate for the current account at the bank used by the Employer, compounded monthly. A statement of the employee’s account will be available upon request by the employee. 31.06 An employee participating in the plan shall be eligible for any increase in salary and benefits that would have been received had she not been in the plan, including full credit for seniority and increment during participation years prior to the leave, however, an employee is not eligible to receive an increment during the leave period. The employee’s anniversary date shall remain the same. 31.07 Vacation credits shall not accumulate during the year spent on leave. The periods of leave may not be increased or extended by accumulated vacation credits. 31.08 Income tax will be deducted on the actual monies received by the employee during each of the years of the plan, subject to the provisions of the Income Tax Act and Regulations as amended from time to time. 31.09 If, upon conclusion of the individual employee’s leave plan, the employee’s account contains a positive balance, the employee shall receive the excess in payments in a manner mutually agreeable to the Employer and the employee. If a balance is negative, the account will be paid by the employee in a manner agreeable to the Employer and the employee. 31.10 An employee may apply in writing to the Management Team to withdraw from the plan at any time prior to the year in which the leave is to take place. It is understood that except in exceptional circumstances no application to withdraw from the plan may be made within three (3) months of the commencement of the self-funded leave year. 31.11 During the year that the employee is on leave, the Employer shall make payments in accordance with Article 32 (Wages). 31.12 Upon return from leave under this plan, the employee shall be returned to the same position if it still exists or an equivalent position if original position no longer exists. The employee will retain the same salary level to which she was entitled at the commencement of the leave. 31.13 It is understood the Employer assumes no responsibility for any consequences arising out of the implementation of the plan related to its effect on pension credit accrual, pension income through OMERS or C.P.P. or income tax arrangements, or employment insurance, or any other liability arising from participation in the plan. All financial or legal indemnities arising from this plan shall be borne by the employee. 31.14 The decision to accept or deny enrolment in the program is at the sole discretion of the Employer and shall not be subject to the grievance procedure. 31.15 Permission for such leave will not be unreasonably denied.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Deferred Salary Leave Plan. 31.01 The Self Funded Salary Leave Plan provides for
L28:02 All permanent employees of the Employer to self fund a paid leave of absence by deferral of salary on the basis of:
a) two over having three years;
b) three over four years, or
c) four over five years. The plan is voluntary and is established in accordance with a defined formula of income adjustment and paid leave, but in any case shall not result in any increase in costs to the Employer.
31.02 It is understood that the leave year will commence at a time mutually convenient to the parties subject to the operating needs of the Employer. In all cases, the leave year will be the final year of the plan.
31.03 Permanent employees with three (3) years ’ service with the Employer Board are eligible to participate in the plan. An employee is limited Plan.
L28:03 Applications for participation in the Plan should be made in writing to one self-funded leave within any ten (10) year period. Participation the Senior Administrator responsible for Human Resources or designate on or before May 1 for commencement of the plan to begin the following school year.
L28:04 Approval of individual requests to participate in the plan is limited to one employee per team being away at any given timerests solely with the Board.
31.04 Written application for enrolment in the plan must be made to the Human Resources manager at least three (3) months in advance of commencement of the first L28:05 In each year of the planPlan preceding the year of leave, an employee will be paid a reduced percentage of salary. The decision to accept or deny enrolment in the program rests exclusively with the employer and in any event written acceptanceremaining percentage, or denial which shall not exceed 33 1/3% of the employee’s requestannual salary, will be forwarded deferred and shall be retained by the Board to finance the employee within 60 days year of the request. The service and needs of the Employer will take priority in all cases, but where the considerations are equal, preference will be given to applicants on the basis of seniorityleave.
31.05 L28:06 The employee shall receive credit for the amounts withheld by the Board along with accrued interest. The interest rate credited to the employee’s account shall be the current rate for the current savings account at the bank Bank used by the EmployerBoard, and be compounded monthlyand as per the bank’s practice. A statement of the employee’s account will be issued at the end of each year. Such a statement shall be made available upon request by the employee.
31.06 An L28:07 While an employee is participating in the plan deferral period any benefits tied to salary level shall be eligible for any increase in based on the salary and benefits that the employee would have been received had she the employee not been participating in the plan, including full credit for seniority and increment during participation years prior to Plan. During the leaveleave year, however, an employee is not eligible to receive an no credit for increment during the leave period. The employee’s anniversary date shall remain the samebe granted.
31.07 Vacation credits shall not accumulate during L28:08 During the year spent on leave. The periods of leave may not be increased or extended by accumulated vacation credits.
31.08 Income tax will be deducted on the actual monies received by the employee during each of the years of the plan, subject to the provisions of the Income Tax Act and Regulations as amended from time to time.
31.09 If, upon conclusion of the individual employee’s leave planof absence the Board shall continue to pay its share of premium costs for any benefits, the employee’s account contains a positive balance, which the employee elects to maintain. The employee shall receive be responsible for remitting his/her share of applicable premium costs.
L28:09 Payment in the excess year of leave shall be paid out based on accrued funds plus accrued interest in payments in a manner mutually agreeable bi- weekly installments. Any remaining balance shall be paid out to the Employer and employee at the employee. If a balance is negative, the account will be paid by the employee in a manner agreeable to the Employer and the employee.
31.10 An employee may apply in writing to the Management Team to withdraw from the plan at any time prior to the year in which the leave is to take place. It is understood that except in exceptional circumstances no application to withdraw from the plan may be made within three (3) months end of the commencement of the self-funded leave year.
31.11 During the year that the employee is on leave, the Employer shall make payments in accordance with Article 32 (Wages).
31.12 Upon return from leave under this plan, the employee shall be returned to the same position if it still exists or an equivalent position if original position no longer exists. The employee will retain the same salary level to which she was entitled at the commencement of the leave.
31.13 It is understood the Employer assumes no responsibility for any consequences arising out of the implementation of the plan related to its effect on pension credit accrual, pension income through OMERS or C.P.P. or income tax arrangements, or employment insurance, or any other liability arising from participation in the plan. All financial or legal indemnities arising from this plan shall be borne by the employee.
31.14 The decision to accept or deny enrolment in the program is at the sole discretion of the Employer and shall not be subject to the grievance procedure.
31.15 Permission for such leave will not be unreasonably denied.
Appears in 1 contract
Samples: Collective Agreement
Deferred Salary Leave Plan. 31.01 The Self Funded Deferred Salary Leave Plan provides employees with the opportunity to take a Leave of Absence for employees a specified period of time and to finance the leave by means of salary deferral. A written application shall be delivered to the Superintendent of Human Resources not later than the 31st day of January, in which is described that the applicant’s proposal with respect to a plan of salary holdback and the timing of the Employer to self fund a paid leave of absence by deferral of salary on absence, for the basis of:
a) two over three years;
b) three over four years, or
c) four over five yearsplan to commence in the following school year. The plan is voluntary and is established in accordance right to approve or to deny any application shall rest solely with a defined formula The Board. Written advice of income adjustment and paid leaveapproval or of denial, but in any case with explanation, shall not result in any increase in costs be delivered to the Employer.
31.02 It is understood that applicant not later than the leave year will commence at a time mutually convenient to 1st day of April following the parties subject to the operating needs date of the Employerapplication. In all cases, the leave year will be the final each year of the plan.
31.03 Permanent employees with three (3) years service with Plan receding the Employer are eligible to participate in the plan. An employee is limited to one self-funded leave within any ten (10) year period. Participation in the plan is limited to one employee per team being away at any given time.
31.04 Written application for enrolment in the plan must be made to the Human Resources manager at least three (3) months in advance of commencement of the first year of the planleave, an employee will be paid a reduced percentage of salary. The decision to accept or deny enrolment in the program rests exclusively with the employer and in any event written acceptanceremaining percentage, or denial which shall not exceed 33.3% of the employee’s requestannual salary, will be forwarded deferred and shall be retained by the employer to finance the employee within 60 days year of the requestleave. The service and needs of employer shall deposit the Employer will take priority in all cases, but where the considerations are equal, preference will be given to applicants on the basis of seniority.
31.05 The interest rate shall be the current rate for the current account at the bank used by the Employer, compounded monthly. A statement retained percentage of the employee’s annual salary in an account will be available upon request by in the employee.
31.06 An name of the employee and shall pay any interest earned to the employee each year it is earned. While an employee is participating in the plan deferral period any benefits tied to salary level shall be eligible for any increase in salary and benefits that would have been received had she not been in the plan, including full credit for seniority and increment during participation years prior to sole responsibility of the leave, however, an employee is not eligible to receive an increment during the leave periodemployee. The employee’s anniversary date employee shall remain be responsible for remitting the same.
31.07 Vacation credits shall not accumulate during applicable premium costs. During the year spent on leave. The periods of leave may not be increased or extended by accumulated vacation credits.
31.08 Income tax will be deducted on the actual monies received by the employee during each of the years of the plan, subject to the provisions of the Income Tax Act and Regulations as amended from time to time.
31.09 If, upon conclusion of the individual employee’s leave plan, the employee’s account contains a positive balance, of absence the employee shall receive the excess in payments in a manner mutually agreeable be paid according to the Employer and method of payment outlined in the employeeCollective Agreement. If a balance is negative, the account will be paid by the employee in a manner agreeable to the Employer and the employee.
31.10 An employee may apply in writing to the Management Team to withdraw from the plan at any time prior to the year in which the leave is to take place. It is understood that except in exceptional circumstances no application to withdraw from the plan may be made within three (3) months of the commencement of the self-funded leave year.
31.11 During the year that the employee is on leave, the Employer shall make payments in accordance with Article 32 (Wages).
31.12 Upon return from leave of absence under this the plan, the employee a participant shall be returned to the same position if it still exists or an equivalent position if original position no longer exists. The employee will retain the same salary level duty where employed immediately prior to which she was entitled at the commencement of the leaveleave of absence provided that it still exists.
31.13 It is understood the Employer assumes no responsibility for any consequences arising out of the implementation of the plan related to its effect on pension credit accrual, pension income through OMERS or C.P.P. or income tax arrangements, or employment insurance, or any other liability arising from participation in the plan. All financial or legal indemnities arising from this plan shall be borne by the employee.
31.14 The decision to accept or deny enrolment in the program is at the sole discretion of the Employer and shall not be subject to the grievance procedure.
31.15 Permission for such leave will not be unreasonably denied.
Appears in 1 contract
Samples: Collective Agreement
Deferred Salary Leave Plan. 31.01 25:01 The Self Funded Deferred Salary Leave Plan provides for employees of with the Employer opportunity to self fund take a paid leave of absence for a specified period of time and to finance the leave by deferral means of salary on the basis of:
a) two over three years;
b) three over four years, or
c) four over five years. The plan is voluntary and is established in accordance with a defined formula of income adjustment and paid leave, but in any case shall not result in any increase in costs to the Employerdeferral.
31.02 It is understood that the leave year will commence at a time mutually convenient to the parties subject to the operating needs of the Employer. In all cases, the leave year will be the final year of the plan.
31.03 Permanent 25:02 All permanent employees with having three (3) years service with the Employer Board are eligible to participate in the plan. An employee is limited Plan.
25:03 Applications for participation in the Plan should be made in writing to one self-funded the Executive Officer of Human Resources on or before May 1 for commencement of the plan to begin the following school year, if for a leave within any ten (10) in a school year, or on or before October 1 for commencement of the plan to begin in the following calendar year period. Participation for a leave in a calendar year.
25:04 Approval of individual requests to participate in the plan is limited to one employee per team being away at any given timerests solely with the Board.
31.04 Written application for enrolment in the plan must be made to the Human Resources manager at least three (3) months in advance of commencement of the first 25:05 In each year of the planPlan preceding the year of leave, an employee will be paid a reduced percentage of salary. The decision to accept or deny enrolment in the program rests exclusively with the employer and in any event written acceptanceremaining percentage, or denial which shall not exceed 33 1/3% of the employee’s requestannual salary, will be forwarded deferred and shall be retained by the Board to finance the employee within 60 days year of the request. The service and needs of the Employer will take priority in all cases, but where the considerations are equal, preference will be given to applicants on the basis of seniorityleave.
31.05 25:06 The employee shall receive credit for the amounts withheld by the Board along with accrued interest. The interest rate credited to the employee’s account shall be the current rate for the current savings account at the bank Bank used by the EmployerBoard, and be compounded monthlyand credited on each pay date in each month. A statement of the employee’s account will be issued at the end of each year. Such a statement shall be made available upon request by the employee.
31.06 An 25:07 While an employee is participating in the plan deferral period any benefits tied to salary level shall be eligible for any increase in based on the salary and benefits that the employee would have been received had she the employee not been participating in the plan, including full credit for seniority and increment during participation years prior to Plan. During the leaveleave year, however, an employee is not eligible to receive an no credit for increment during the leave period. The employee’s anniversary date shall remain the samebe granted.
31.07 Vacation credits shall not accumulate during 25:08 During the year spent on leave. The periods of leave may not be increased or extended by accumulated vacation credits.
31.08 Income tax will be deducted on the actual monies received by the employee during each of the years of the plan, subject to the provisions of the Income Tax Act and Regulations as amended from time to time.
31.09 If, upon conclusion of the individual employee’s leave plan, of absence the Board shall continue to pay its share of premium costs for any benefits which the employee elects to maintain. The employee shall be responsible for remitting his/her share of applicable premium costs.
25:09 During the employee’s account contains a positive balance, the employee shall receive the excess in payments in a manner mutually agreeable to the Employer and the employee. If a balance is negative, the account will be paid by the employee in a manner agreeable to the Employer and the employee.
31.10 An employee may apply in writing to the Management Team to withdraw from the plan at any time prior to the year in which the leave is to take place. It is understood that except in exceptional circumstances no application to withdraw from the plan may be made within three (3) months of the commencement of the self-funded leave year.
31.11 During the year that the employee is on leave, the Employer shall make payments in accordance with Article 32 (Wages).
31.12 Upon return from leave under this plan, absence the employee shall be returned paid according to the same position if it still exists or an equivalent position if original position no longer exists. The employee will retain the same salary level to which she was entitled at the commencement method of the leavepayment outlined in Article 51.
31.13 It is understood the Employer assumes no responsibility for any consequences arising out of the implementation of the plan related to its effect on pension credit accrual, pension income through OMERS or C.P.P. or income tax arrangements, or employment insurance, or any other liability arising from participation in the plan. All financial or legal indemnities arising from this plan shall be borne by the employee.
31.14 The decision to accept or deny enrolment in the program is at the sole discretion of the Employer and shall not be subject to the grievance procedure.
31.15 Permission for such leave will not be unreasonably denied.
Appears in 1 contract
Samples: Collective Agreement
Deferred Salary Leave Plan. 31.01 The Self Funded Deferred Salary Leave Plan provides for employees of with the Employer opportunity to self fund take a paid leave of absence for a specified period of time and to finance the leave by deferral means of salary on the basis of:
a) two over deferral. All permanent employees having three years;
b) three over four years, or
c) four over five years. The plan is voluntary and is established in accordance with a defined formula of income adjustment and paid leave, but in any case shall not result in any increase in costs to the Employer.
31.02 It is understood that the leave year will commence at a time mutually convenient to the parties subject to the operating needs of the Employer. In all cases, the leave year will be the final year of the plan.
31.03 Permanent employees with three (3) years service with the Employer Board are eligible to participate in the planPlan. An employee is limited Applications for participation in the Plan should be made in writing to one self-funded the Executive Officer of Human Resources on or before May for commencement of the plan to begin the following school year, if for a leave within any ten (10) in a school year, or on or before October for commencement of the plan to begin in the following calendar year periodfor a leave in a calendar year. Participation Approval of individual requests to participate in the plan is limited to one employee per team being away at any given time.
31.04 Written application for enrolment in rests solely with the plan must be made to the Human Resources manager at least three (3) months in advance of commencement of the first Board. In each year of the planPlan preceding the year of leave, an employee will be paid a reduced percentage of salary. The decision to accept or deny enrolment in the program rests exclusively with the employer and in any event written acceptanceremaining percentage, or denial which shall not exceed of the employee’s requestannual salary, will be forwarded deferred and shall be retained by the Board to finance the employee within 60 days year of the requestleave. The service and needs of employee shall receive credit for the Employer will take priority in all cases, but where amounts withheld by the considerations are equal, preference will be given to applicants on the basis of seniority.
31.05 Board along with accrued interest. The interest rate credited to the employee’s account shall be the current rate for the current savings account at the bank Bank used by the EmployerBoard, and be compounded monthlyand credited on each pay date in each month. A statement of the employee’s account will be issued at the end of each year. Such a statement shall be made available upon request by the employee.
31.06 An . While an employee is participating in the plan deferral period any benefits tied to salary level shall be eligible for any increase in based on the salary and benefits that the employee would have been received had she the employee not been participating in the plan, including full credit for seniority and increment during participation years prior to Plan. During the leaveleave year, however, an employee is not eligible to receive an no credit for increment during shall be granted. During the leave period. The employee’s anniversary date shall remain the same.
31.07 Vacation credits shall not accumulate during the year spent on leave. The periods of leave may not be increased or extended by accumulated vacation credits.
31.08 Income tax will be deducted on the actual monies received by the employee during each of the years of the plan, subject to the provisions of the Income Tax Act and Regulations as amended from time to time.
31.09 If, upon conclusion of the individual employee’s leave plan, of absence the Board shall continue to pay its share of premium costs for any benefits which the employee elects to maintain. The employee shall be responsible for remitting share of applicable premium costs. During the employee’s account contains a positive balance, the employee shall receive the excess in payments in a manner mutually agreeable to the Employer and the employee. If a balance is negative, the account will be paid by the employee in a manner agreeable to the Employer and the employee.
31.10 An employee may apply in writing to the Management Team to withdraw from the plan at any time prior to the year in which the leave is to take place. It is understood that except in exceptional circumstances no application to withdraw from the plan may be made within three (3) months of the commencement of the self-funded leave year.
31.11 During the year that the employee is on leave, the Employer shall make payments in accordance with Article 32 (Wages).
31.12 Upon return from leave under this plan, absence the employee shall be returned paid according to the same position if it still exists or an equivalent position if original position no longer exists. The employee will retain the same salary level to which she was entitled at the commencement method of the leave.
31.13 It is understood the Employer assumes no responsibility for any consequences arising out of the implementation of the plan related to its effect on pension credit accrual, pension income through OMERS or C.P.P. or income tax arrangements, or employment insurance, or any other liability arising from participation payment outlined in the plan. All financial or legal indemnities arising from this plan shall be borne by the employee.
31.14 The decision to accept or deny enrolment in the program is at the sole discretion of the Employer and shall not be subject to the grievance procedure.
31.15 Permission for such leave will not be unreasonably denied.Article
Appears in 1 contract
Samples: Collective Agreement
Deferred Salary Leave Plan. 31.01 L28:01 The Self Funded Salary Leave Plan provides for employees deferred salary leave plan shall afford an employee the opportunity to enter into an agreement with the Board to take a one (1) year deferred salary leave in year five (5) of the Employer to self fund a paid leave of absence by deferral of salary on the basis of:
aan individual’s five (5) two over three years;
b) three over four years, or
c) four over five years. The plan is voluntary and is established in accordance with a defined formula of income adjustment and paid leave, but in any case shall not result in any increase in costs to the Employer.
31.02 It is understood that the leave year will commence at a time mutually convenient to the parties subject to the operating needs of the Employeragreement. In all cases, the leave year will be the final each year of the planplan in which the employee works, the employee agrees to be paid eighty percent (80%) of the salary normally paid to the employee according to the Collective Agreement in effect for those period. The remaining twenty percent (20%) shall be deposited into an account in the employee’ name.
31.03 Permanent L28:02 All permanent employees with three having five (35) years years’ service with the Employer Board are eligible to participate in the plan. An employee is limited Plan.
L28:03 Applications for participation in the Plan should be made in writing to one self-funded leave within any ten (10) year period. Participation the Senior Administrator responsible for Human Resources or designate on or before May 1 for commencement of the plan to begin the following school year.
L28:04 Approval of individual requests to participate in the plan is limited to one employee per team being away at any given timerests solely with the Board.
31.04 Written application for enrolment in the plan must be made to the Human Resources manager at least three (3) months in advance of commencement of the first L28:05 In each year of the planPlan preceding the year of leave, an employee will be paid a reduced percentage of salary. The decision to accept or deny enrolment in the program rests exclusively with the employer and in any event written acceptanceremaining percentage, or denial which shall not exceed 20% of the employee’s requestannual salary, will be forwarded deferred and shall be retained by the Board to finance the employee within 60 days year of the request. The service and needs of the Employer will take priority in all cases, but where the considerations are equal, preference will be given to applicants on the basis of seniorityleave.
31.05 L28:06 The employee shall receive credit for the amounts withheld by the Board along with accrued interest. The interest rate credited to the employee’s account shall be the current rate for the current savings account at the bank Bank used by the EmployerBoard, and be compounded monthlyand as per the bank’s practice. A statement of the employee’s account will be issued at the end of each year. Such a statement shall be made available upon request by the employee.
31.06 An employee participating L28:07 Payment in the plan year of leave shall be eligible for any increase paid out based on accrued funds plus accrued interest in salary and benefits that would have been received had she not been in the plan, including full credit for seniority and increment during participation years prior bi-weekly installments. Any remaining balance shall be paid out to the leave, however, an employee is not eligible to receive an increment during at the leave period. The employee’s anniversary date shall remain the same.
31.07 Vacation credits shall not accumulate during the year spent on leave. The periods of leave may not be increased or extended by accumulated vacation credits.
31.08 Income tax will be deducted on the actual monies received by the employee during each end of the years of the plan, subject to the provisions of the Income Tax Act and Regulations as amended from time to time.
31.09 If, upon conclusion of the individual employee’s leave plan, the employee’s account contains a positive balance, the employee shall receive the excess in payments in a manner mutually agreeable to the Employer and the employee. If a balance is negative, the account will be paid by the employee in a manner agreeable to the Employer and the employee.
31.10 An employee may apply in writing to the Management Team to withdraw from the plan at any time prior to the year in which the leave is to take place. It is understood that except in exceptional circumstances no application to withdraw from the plan may be made within three (3) months of the commencement of the self-funded leave year.
31.11 During the year that the employee is on leave, the Employer shall make payments in accordance with Article 32 (Wages).
31.12 Upon return from leave under this plan, the employee shall be returned to the same position if it still exists or an equivalent position if original position no longer exists. The employee will retain the same salary level to which she was entitled at the commencement of the leave.
31.13 It is understood the Employer assumes no responsibility for any consequences arising out of the implementation of the plan related to its effect on pension credit accrual, pension income through OMERS or C.P.P. or income tax arrangements, or employment insurance, or any other liability arising from participation in the plan. All financial or legal indemnities arising from this plan shall be borne by the employee.
31.14 The decision to accept or deny enrolment in the program is at the sole discretion of the Employer and shall not be subject to the grievance procedure.
31.15 Permission for such leave will not be unreasonably denied.
Appears in 1 contract
Samples: Collective Agreement
Deferred Salary Leave Plan. 31.01 28:01 The Self Funded Deferred Salary Leave Plan provides for employees of with the Employer opportunity to self fund take a paid leave of absence for a specified period of time and to finance the leave by deferral means of salary on the basis of:
a) two over three years;
b) three over four years, or
c) four over five years. The plan is voluntary and is established in accordance with a defined formula of income adjustment and paid leave, but in any case shall not result in any increase in costs to the Employerdeferral.
31.02 It is understood that the leave year will commence at a time mutually convenient to the parties subject to the operating needs of the Employer. In all cases, the leave year will be the final year of the plan.
31.03 Permanent 28:02 All permanent employees with having three (3) years service with the Employer Board are eligible to participate in the plan. An employee is limited Plan.
28:03 Applications for participation in the Plan should be made in writing to one self-funded leave within any ten (10) year period. Participation the Executive Officer of Human Resources on or before May 1 for commencement of the plan to begin the following school year.
28:04 Approval of individual requests to participate in the plan is limited to one employee per team being away at any given timerests solely with the Board.
31.04 Written application for enrolment in the plan must be made to the Human Resources manager at least three (3) months in advance of commencement of the first 28:05 In each year of the planPlan preceding the year of leave, an employee will be paid a reduced percentage of salary. The decision to accept or deny enrolment in the program rests exclusively with the employer and in any event written acceptanceremaining percentage, or denial which shall not exceed 33 1/3% of the employee’s requestannual salary, will be forwarded deferred and shall be retained by the Board to finance the employee within 60 days year of the request. The service and needs of the Employer will take priority in all cases, but where the considerations are equal, preference will be given to applicants on the basis of seniorityleave.
31.05 28:06 The employee shall receive credit for the amounts withheld by the Board along with accrued interest. The interest rate credited to the employee’s account shall be the current rate for the current savings account at the bank Bank used by the EmployerBoard, and be compounded monthlyand as per the bank’s practice. A statement of the employee’s account will be issued at the end of each year. Such a statement shall be made available upon request by the employee.
31.06 An 28:07 While an employee is participating in the plan deferral period any benefits tied to salary level shall be eligible for any increase in based on the salary and benefits that the employee would have been received had she the employee not been participating in the plan, including full credit for seniority and increment during participation years prior to Plan. During the leaveleave year, however, an employee is not eligible to receive an no credit for increment during the leave period. The employee’s anniversary date shall remain the samebe granted.
31.07 Vacation credits shall not accumulate during 28:08 During the year spent on leave. The periods of leave may not be increased or extended by accumulated vacation credits.
31.08 Income tax will be deducted on the actual monies received by the employee during each of the years of the plan, subject to the provisions of the Income Tax Act and Regulations as amended from time to time.
31.09 If, upon conclusion of the individual employee’s leave planof absence the Board shall continue to pay its share of premium costs for any benefits, the employee’s account contains a positive balance, which the employee elects to maintain. The employee shall receive be responsible for remitting his/her share of applicable premium costs.
28:09 Payment in the excess year of leave shall be paid out based on accrued funds plus accrued interest in payments in a manner mutually agreeable bi-weekly installments. Any remaining balance shall be paid out to the Employer and employee at the employee. If a balance is negative, the account will be paid by the employee in a manner agreeable to the Employer and the employee.
31.10 An employee may apply in writing to the Management Team to withdraw from the plan at any time prior to the year in which the leave is to take place. It is understood that except in exceptional circumstances no application to withdraw from the plan may be made within three (3) months end of the commencement of the self-funded leave year.
31.11 During the year that the employee is on leave, the Employer shall make payments in accordance with Article 32 (Wages).
31.12 Upon return from leave under this plan, the employee shall be returned to the same position if it still exists or an equivalent position if original position no longer exists. The employee will retain the same salary level to which she was entitled at the commencement of the leave.
31.13 It is understood the Employer assumes no responsibility for any consequences arising out of the implementation of the plan related to its effect on pension credit accrual, pension income through OMERS or C.P.P. or income tax arrangements, or employment insurance, or any other liability arising from participation in the plan. All financial or legal indemnities arising from this plan shall be borne by the employee.
31.14 The decision to accept or deny enrolment in the program is at the sole discretion of the Employer and shall not be subject to the grievance procedure.
31.15 Permission for such leave will not be unreasonably denied.
Appears in 1 contract
Samples: Collective Agreement
Deferred Salary Leave Plan. 31.01 37.01 The Self Funded Salary Leave Plan provides for Employer shall allow employees of the Employer to self fund a paid leave of absence by deferral of salary on the basis of:
awith five (5) two over three years;
b) three over four years, or
c) four over five years. The plan is voluntary and is established in accordance with a defined formula of income adjustment and paid leaveor more, but in any case shall not result in any increase in costs to the Employer.
31.02 It is understood that the leave year will commence at a time mutually convenient to the parties subject to the operating needs of the Employer. In all cases, the leave year will be the final year of the plan.
31.03 Permanent employees with three (3) years service with the Employer are eligible to take a one year leave of absence financed by the employee by deferral of salary. Employees must make written application to the Employer six (6) months before the deferral is to commence, requesting permission to participate in the plan. An employee is limited to one self-funded leave within any ten (10) year period. Participation in the plan is limited to one employee per team being away at any given time.
31.04 Written application for enrolment in the plan must be made to the Human Resources manager at least three (3) months in advance of commencement of the first year of the plan. The decision to accept or deny enrolment in the program rests exclusively with the employer and in any event written acceptance, or denial denial, of the employee’s request, will with an explanation, shall be forwarded to the employee within 60 days no later than one
(1) month from the date of the requestwritten application. The service and needs Approval of the Employer will take priority in all cases, but where the considerations are equal, preference will be given individual requests to applicants on the basis of seniority.
31.05 The interest rate shall be the current rate for the current account at the bank used by the Employer, compounded monthly. A statement of the employee’s account will be available upon request by the employee.
31.06 An employee participating participate in the plan shall rest solely with the Employer. Refusal by the Employer to approve an application shall be eligible for final and non-grievable.
37.02 The payments of salary, benefits, and the timing of the one year leave of absence shall be as follows:
37.02.1 In each year of the plan preceding the year of the leave, an employee shall be paid a reduced percentage of his/her applicable annual salary. The remaining percentage of annual salary shall be deferred and this accumulated amount, plus interest earned, shall be retained by the Employer and paid to the employee during his year of leave,
37.02.2 The percentage of annual salary deferred in any increase one (1) year shall not be less than five (5) percent,
37.02.3 The calculation of interest under this plan shall be in accordance with HRM policy.
37.03 While an employee is enrolled in the plan and not on leave, any benefits tied to salary and benefits that level shall be structured according to the salary the employee would have been received had he/she not been enrolled in the plan, including full credit for seniority and increment .
37.04 An employees benefits shall be maintained during participation years prior to the leavehis/her leave of absence, however, an the premium costs of all benefits shall be paid by the employee is not eligible to receive an increment during the year of leave. While on leave, any benefits tied to salary shall be structured according to the salary the employee would have received in the year prior to taking the leave period. The employee’s anniversary date shall remain had he/she not been enrolled in the same.plan
31.07 Vacation 37.05 Sick leave credits shall not accumulate accumulate, and cannot be used during the year spent on leave.
37.06 Pension deductions shall be continued during the year spent on leave. The periods year of leave may shall be a year of pensionable service, and firefighting service. Pension deductions shall be made on the salary the employee would have received had he/she not be increased entered the plan or extended by accumulated vacation creditsgone on leave.
31.08 Income tax will be deducted on the actual monies received by the employee during each of the years of the plan, subject to the provisions of the Income Tax Act and Regulations as amended 37.07 Upon return from time to time.
31.09 If, upon conclusion of the individual employee’s leave plan, the employee’s account contains a positive balanceleave, the employee shall receive the excess in payments in a manner mutually agreeable be assigned to his/her same position prior to the Employer and leave, or if due to departmental downsizing the employee. If a balance is negativeemployees position no longer exists, the account will employee shall be paid governed by the employee in a manner agreeable to the Employer and the employeeappropriate terms of this Agreement.
31.10 37.08 An employee may apply in writing to the Management Team to withdraw from the plan at any time three (3) months prior to the year in which the leave is to take placecommence. It is understood that except in exceptional circumstances no The Employer shall respond to the employee within one (1) month of the employees application to withdraw withdraw.
37.09 If the employee withdraws from the plan may he/she shall be paid one lump sum adjustment equal to any monies deferred plus interest accrued. Repayment shall be made as soon as possible within three (3) months sixty
37.10 Should an employee die while participating in the plan, any monies accumulated plus interest accrued at the time of death shall be paid to the commencement of the self-funded leave yearemployee’s estate.
31.11 During 37.11 Employees laid-off, discharged, or terminated while enrolled in the year that the employee is on leave, the Employer plan shall make payments be required to withdraw. Repayment of monies shall be in accordance with Article 32 (Wages)37.09.
31.12 Upon return from leave under this plan, the employee shall be returned 37.12 All employees wishing to the same position if it still exists or an equivalent position if original position no longer exists. The employee will retain the same salary level to which she was entitled at the commencement of the leave.
31.13 It is understood the Employer assumes no responsibility for any consequences arising out of the implementation of the plan related to its effect on pension credit accrual, pension income through OMERS or C.P.P. or income tax arrangements, or employment insurance, or any other liability arising from participation participate in the plan. All financial or legal indemnities arising from this plan shall be borne required to sign the approved contract included in Appendix B before final approval for participation is granted. Contract provisions including percentage of salary and year of leave may be amended by mutual agreement between the employee.
31.14 The decision employee and the Employer. Where an employee requests an amendment to accept or deny enrolment in the program is at the sole discretion of his deferred salary leave contract the Employer and shall respond to the employee within thirty
37.13 The Employer cannot be subject to involved or held responsible for actions taken by another party concerning the grievance procedureuse of this plan.
31.15 Permission for such leave will not be unreasonably denied.
Appears in 1 contract
Samples: Collective Agreement
Deferred Salary Leave Plan. 31.01 The Self Funded Salary Leave Plan provides for
L27:02 All permanent employees of the Employer to self fund a paid leave of absence by deferral of salary on the basis of:
a) two over having three years;
b) three over four years, or
c) four over five years. The plan is voluntary and is established in accordance with a defined formula of income adjustment and paid leave, but in any case shall not result in any increase in costs to the Employer.
31.02 It is understood that the leave year will commence at a time mutually convenient to the parties subject to the operating needs of the Employer. In all cases, the leave year will be the final year of the plan.
31.03 Permanent employees with three (3) years service with the Employer Board are eligible to participate in the plan. An employee is limited Plan.
L27:03 Applications for participation in the Plan should be made in writing to one self-funded leave within any ten (10) year period. Participation the Senior Administrator of Human Resources or designate on or before May 1 for commencement of the plan to begin the following school year.
L27:04 Approval of individual requests to participate in the plan is limited to one employee per team being away at any given timerests solely with the Board.
31.04 Written application for enrolment in the plan must be made to the Human Resources manager at least three (3) months in advance of commencement of the first L27:05 In each year of the planPlan preceding the year of leave, an employee will be paid a reduced percentage of salary. The decision to accept or deny enrolment in the program rests exclusively with the employer and in any event written acceptanceremaining percentage, or denial which shall not exceed 20% of the employee’s requestannual salary, will be forwarded deferred and shall be retained by the Board to finance the employee within 60 days year of the request. The service and needs of the Employer will take priority in all cases, but where the considerations are equal, preference will be given to applicants on the basis of seniorityleave.
31.05 L27:06 The employee shall receive credit for the amounts withheld by the Board along with accrued interest. The interest rate credited to the employee’s account shall be the current rate for the current savings account at the bank Bank used by the EmployerBoard, and be compounded monthlyand credited as per the bank’s practice. A statement of the employee’s account will be issued at the end of each year. Such a statement shall be made available upon request by the employee. .
31.06 An employee participating L27:07 Payment in the plan year of leave shall be eligible for any increase paid out based on accrued funds plus accrued interest in salary and benefits that would have been received had she not been in the plan, including full credit for seniority and increment during participation years prior bi- weekly installments. Any remaining balance shall be paid out to the leave, however, an employee is not eligible to receive an increment during at the end of the leave period. The employee’s anniversary date shall remain the sameyear.
31.07 Vacation credits shall not accumulate during the year spent on leave. L27:08 Conditions of Leave
(a) The periods of leave may not must be increased or extended by accumulated vacation creditsfor one school year.
31.08 Income tax will be deducted on (b) The leave shall commence no later than six (6) years after the actual monies received by the employee during each date of the years first deferral of the plan, subject to the provisions of the Income Tax Act and Regulations as amended from time to timesalary.
31.09 If, upon conclusion of the individual employee’s leave plan, the employee’s account contains a positive balance, the employee shall receive the excess in payments in a manner mutually agreeable to the Employer and the employee. If a balance is negative, the account will be paid by the employee in a manner agreeable to the Employer and the employee.
31.10 (c) An employee may apply in writing not receive any compensation from the Board during the period of leave other than deferred salary plus accumulated interest.
(d) Deferred salary plus any accumulated interest shall be paid to the Management Team to participating employee not later than the end of the first taxation year after the expiration of the six-year period notice in Article L27:08(b).
(e) An employee may withdraw from the plan at Plan any time prior to March 1 of the calendar year in which the leave is to take placebe taken. It Upon acceptance of the reasons for withdrawal, the Board shall repay to the employee any monies accumulated, plus interest owed minus an administration fee of $100.00 within sixty (60) days of receipt of the notice of the employee’s wish to withdraw.
(f) A member who is understood that except accepted for LTD while participating in exceptional circumstances no application to withdraw from the plan may prior to the leave year shall not be made entitled to participate in the plan and the Board shall refund the member’s contributions plus interest owed within three sixty (360) months days of receipt of being accepted for LTD.
L27:09 Pension deductions (The Teachers’ Pension Plan or OMERS), are to be continued as required by the appropriate legislation and policies during all years of participation. Employees are responsible for any other arrangements with The Teachers’ Pension Plan Board or OMERS.
L27:10 Should an employee die while participating in the Plan, any monies accumulated, plus interest accrued, at the time of death shall be paid to the employee’s designated beneficiary or alternately, to the employee’s estate.
L27:11 Employees participating in the Plan shall be required to sign an agreement with the Board setting out conditions of the Plan.
L27:12 On return from leave an employee will be reinstated to the same position and work location held by the Member immediately prior to the commencement of the self-funded deferred salary leave year.
31.11 During of absence, if the year position at that the employee location still exists and is on leavevacant, the Employer shall make payments in accordance with Article 32 (Wages).
31.12 Upon return from leave under this plan, the employee shall be returned or to the same a comparable position if it still exists does not exist or an equivalent is not vacant. For the purposes of this clause, the position will be deemed vacant if original position no longer exists. The it is being filled by a temporary employee.
L27:13 An employee will retain returning from leave shall receive credit for seniority for the same salary level to which she was entitled at the commencement period of the leave.
31.13 It is understood L27:14 The Board and the Employer assumes Bargaining Unit assume no responsibility for any consequences arising out of the implementation of the plan related to its effect on pension credit accrual, pension income through OMERS or C.P.P. plan provisions or income tax arrangements, or employment insurance, or any other liability arising from participation in the planimplications. All financial or legal indemnities arising from this This plan shall be borne by the employeemust comply with current Revenue Canada regulations.
31.14 The decision to accept or deny enrolment in the program is at the sole discretion of the Employer and shall not be subject to the grievance procedure.
31.15 Permission for such leave will not be unreasonably denied.
Appears in 1 contract
Samples: Collective Agreement
Deferred Salary Leave Plan. 31.01 37.01 The Self Funded Salary Leave Plan provides for Employer shall allow employees of the Employer to self fund a paid leave of absence by deferral of salary on the basis of:
awith five (5) two over three years;
b) three over four years, or
c) four over five years. The plan is voluntary and is established in accordance with a defined formula of income adjustment and paid leaveor more, but in any case shall not result in any increase in costs to the Employer.
31.02 It is understood that the leave year will commence at a time mutually convenient to the parties subject to the operating needs of the Employer. In all cases, the leave year will be the final year of the plan.
31.03 Permanent employees with three (3) years service with the Employer are eligible to take a one year leave of absence financed by the employee by deferral of salary. Employees must make written application to the Employer six (6) months before the deferral is to commence, requesting permission to participate in the plan. An employee is limited to one self-funded leave within any ten (10) year period. Participation in the plan is limited to one employee per team being away at any given time.
31.04 Written application for enrolment in the plan must be made to the Human Resources manager at least three (3) months in advance of commencement of the first year of the plan. The decision to accept or deny enrolment in the program rests exclusively with the employer and in any event written acceptance, or denial denial, of the employee’s request, will with an explanation, shall be forwarded to the employee within 60 days no later than one (1) month from the date of the requestwritten application. The service and needs Approval of the Employer will take priority in all cases, but where the considerations are equal, preference will be given individual requests to applicants on the basis of seniority.
31.05 The interest rate shall be the current rate for the current account at the bank used by the Employer, compounded monthly. A statement of the employee’s account will be available upon request by the employee.
31.06 An employee participating participate in the plan shall rest solely with the Employer. Refusal by the Employer to approve an application shall be eligible for final and non•grievable.
37.02 The payments of salary, benefits, and the timing of the one year leave of absence shall be as follows:
37.02.1 In each year of the plan preceding the year of the leave, an employee shall be paid a reduced percentage of his/her applicable annual salary. The remaining percentage of annual salary shall be deferred and this accumulated amount, plus interest earned, shall be retained by the Employer and paid to the employee during his year of leave,
37.02.2 The percentage of annual salary deferred in any increase one (1) year shall not be less than five (5) percent,
37.02.3 The calculation of interest under this plan shall be in accordance with HRM policy.
37.03 While an employee is enrolled in the plan and not on leave, any benefits tied to salary and benefits that level shall be structured according to the salary the employee would have been received had he/she not been enrolled in the plan, including full credit for seniority and increment .
37.04 An employees benefits shall be maintained during participation years prior to the leavehis/her leave of absence, however, an the premium costs of all benefits shall be paid by the employee is not eligible to receive an increment during the year of leave. While on leave, any benefits tied to salary shall be structured according to the salary the employee would have received in the year prior to taking the leave period. The employee’s anniversary date shall remain had he/she not been enrolled in the same.plan
31.07 Vacation 37.05 Sick leave credits shall not accumulate accumulate, and cannot be used during the year spent on leave.
37.06 Pension deductions shall be continued during the year spent on leave. The periods year of leave may shall be a year of pensionable service, and firefighting service. Pension deductions shall be made on the salary the employee would have received had he/she not be increased entered the plan or extended by accumulated vacation creditsgone on leave.
31.08 Income tax will be deducted on the actual monies received by the employee during each of the years of the plan, subject to the provisions of the Income Tax Act and Regulations as amended 37.07 Upon return from time to time.
31.09 If, upon conclusion of the individual employee’s leave plan, the employee’s account contains a positive balanceleave, the employee shall receive the excess in payments in a manner mutually agreeable be assigned to his/her same position prior to the Employer and leave, or if due to departmental downsizing the employee. If a balance is negativeemployees position no longer exists, the account will employee shall be paid governed by the employee in a manner agreeable to the Employer and the employeeappropriate terms of this Agreement.
31.10 37.08 An employee may apply in writing to the Management Team to withdraw from the plan at any time three (3) months prior to the year in which the leave is to take placecommence. It is understood that except in exceptional circumstances no The Employer shall respond to the employee within one (1) month of the employees application to withdraw withdraw.
37.09 If the employee withdraws from the plan may he/she shall be paid one lump sum adjustment equal to any monies deferred plus interest accrued. Repayment shall be made as soon as possible within three sixty (360) months days of withdrawal from the commencement of the self-funded leave yearplan.
31.11 During 37.10 Should an employee die while participating in the year that plan, any monies accumulated plus interest accrued at the employee is on leavetime of death shall be paid to the employee’s estate.
37.11 Employees laid•off, discharged, or terminated while enrolled in the Employer plan shall make payments be required to withdraw. Repayment of monies shall be in accordance with Article 32 (Wages)37.09.
31.12 Upon return from leave under this plan, the employee shall be returned 37.12 All employees wishing to the same position if it still exists or an equivalent position if original position no longer exists. The employee will retain the same salary level to which she was entitled at the commencement of the leave.
31.13 It is understood the Employer assumes no responsibility for any consequences arising out of the implementation of the plan related to its effect on pension credit accrual, pension income through OMERS or C.P.P. or income tax arrangements, or employment insurance, or any other liability arising from participation participate in the plan. All financial or legal indemnities arising from this plan shall be borne required to sign the approved contract included in Appendix B before final approval for participation is granted. Contract provisions including percentage of salary and year of leave may be amended by mutual agreement between the employee.employee and
31.14 37.13 The decision to accept or deny enrolment in the program is at the sole discretion of the Employer and shall cannot be subject to involved or held responsible for actions taken by another party concerning the grievance procedureuse of this plan.
31.15 Permission for such leave will not be unreasonably denied.
Appears in 1 contract
Samples: Collective Agreement
Deferred Salary Leave Plan. 31.01 27:01 The Self Funded Deferred Salary Leave Plan provides for employees of with the Employer opportunity to self fund take a paid leave of absence for a specified period of time and to finance the leave by deferral means of salary on the basis of:
a) two over three years;
b) three over four years, or
c) four over five years. The plan is voluntary and is established in accordance with a defined formula of income adjustment and paid leave, but in any case shall not result in any increase in costs to the Employerdeferral.
31.02 It is understood that the leave year will commence at a time mutually convenient to the parties subject to the operating needs of the Employer. In all cases, the leave year will be the final year of the plan.
31.03 Permanent 27:02 All permanent employees with having three (3) years service with the Employer Board are eligible to participate in the plan. An employee is limited Plan.
27:03 Applications for participation in the Plan should be made in writing to one self-funded the Executive Officer of Human Resources on or before May 1 for commencement of the plan to begin the following school year, if for a leave within any ten (10) in a school year, or on or before October 1 for commencement of the plan to begin in the following calendar year period. Participation for a leave in a calendar year.
27:04 Approval of individual requests to participate in the plan is limited to one employee per team being away at any given timerests solely with the Board.
31.04 Written application for enrolment in the plan must be made to the Human Resources manager at least three (3) months in advance of commencement of the first 27:05 In each year of the planPlan preceding the year of leave, an employee will be paid a reduced percentage of salary. The decision to accept or deny enrolment in the program rests exclusively with the employer and in any event written acceptanceremaining percentage, or denial which shall not exceed 33 1/3% of the employee’s requestannual salary, will be forwarded deferred and shall be retained by the Board to finance the employee within 60 days year of the request. The service and needs of the Employer will take priority in all cases, but where the considerations are equal, preference will be given to applicants on the basis of seniorityleave.
31.05 27:06 The employee shall receive credit for the amounts withheld by the Board along with accrued interest. The interest rate credited to the employee’s account shall be the current rate for the current savings account at the bank Bank used by the EmployerBoard, and be compounded monthlyand credited on each pay date in each month. A statement of the employee’s account will be issued at the end of each year. Such a statement shall be made available upon request by the employee.
31.06 An 27:07 While an employee is participating in the plan deferral period any benefits tied to salary level shall be eligible for any increase in based on the salary and benefits that the employee would have been received had she the employee not been participating in the plan, including full credit for seniority and increment during participation years prior to Plan. During the leaveleave year, however, an employee is not eligible to receive an no credit for increment during the leave period. The employee’s anniversary date shall remain the samebe granted.
31.07 Vacation credits shall not accumulate during 27:08 During the year spent on leave. The periods of leave may not be increased or extended by accumulated vacation credits.
31.08 Income tax will be deducted on the actual monies received by the employee during each of the years of the plan, subject to the provisions of the Income Tax Act and Regulations as amended from time to time.
31.09 If, upon conclusion of the individual employee’s leave plan, of absence the Board shall continue to pay its share of premium costs for any benefits which the employee elects to maintain. The employee shall be responsible for remitting his/her share of applicable premium costs.
27:09 During the employee’s account contains a positive balance, the employee shall receive the excess in payments in a manner mutually agreeable to the Employer and the employee. If a balance is negative, the account will be paid by the employee in a manner agreeable to the Employer and the employee.
31.10 An employee may apply in writing to the Management Team to withdraw from the plan at any time prior to the year in which the leave is to take place. It is understood that except in exceptional circumstances no application to withdraw from the plan may be made within three (3) months of the commencement of the self-funded leave year.
31.11 During the year that the employee is on leave, the Employer shall make payments in accordance with Article 32 (Wages).
31.12 Upon return from leave under this plan, absence the employee shall be returned paid according to the same position if it still exists or an equivalent position if original position no longer exists. The employee will retain the same salary level to which she was entitled at the commencement method of the leave.
31.13 It is understood the Employer assumes no responsibility for any consequences arising out payment outlined in Clause A.9 of the implementation of the plan related to its effect on pension credit accrual, pension income through OMERS or C.P.P. or income tax arrangements, or employment insurance, or any other liability arising from participation in the plan. All financial or legal indemnities arising from this plan shall be borne by the employee.
31.14 The decision to accept or deny enrolment in the program is at the sole discretion of the Employer and shall not be subject to the grievance procedure.
31.15 Permission for such leave will not be unreasonably denied.Schedule A.
Appears in 1 contract
Samples: Collective Agreement