Common use of Deferred Salary Scheme Clause in Contracts

Deferred Salary Scheme. 38.2.1 An employee may apply to work within the parameters of the Deferred Salary Scheme. There are three options available: (a) Completing 4 years’ service paid at 80% of salary to obtain 1 year's leave also paid at 80% of salary; or (b) Completing 4.5 years’ service paid at 90% of salary followed by 6 months’ leave paid at 90% of salary; or (c) Completing 2 years’ service paid at 80% of salary followed by 6 months’ leave paid at 80% of salary. 38.2.2 Employees are responsible for informing themselves of all implications of the Deferred Salary Scheme before entering into such an arrangement. 38.2.3 The period of leave taken in accordance with this Clause shall not constitute a break in service and shall count as service for all purposes. However the leave shall not count as service for salary increments. 38.2.4 An employee may elect to maintain superannuation contributions based on the full-time rate, or to alter contributions to the appropriate proportion of the new salary. An employee who elects to maintain contributions based on the full-time rate shall be responsible for paying the difference between the employer's proportional contribution and the employer's contribution based on the full-time rate. 38.2.5 An employee may withdraw in writing from the Deferred Salary Scheme prior to completing the required period of service, in which case a lump sum payment of salary foregone to that time will be made. The employee shall not be entitled to an equivalent absence from duty. Where it is no longer possible to offer the Deferred Salary Scheme, the Scheme will cease with effect from that date.

Deferred Salary Scheme. 38.2.1 19.1.1 An employee may apply to work within the parameters of the Deferred Salary Scheme. There are three options available:. (a) Completing 4 years’ years continuous service paid at 80% of salary to obtain be followed by 1 year's ’s leave also paid at 80% of salary; or (b) Completing 4.5 years’ years continuous service paid at 90% of salary followed by 6 months’ leave paid at 90% of salary; or (c) Completing 2 years’ years continuous service paid at 80% of salary followed by 6 months’ leave paid at 80% of salary. 38.2.2 19.1.2 Employees are responsible for informing themselves of all implications of the Deferred Salary Scheme before entering into such an arrangement. 38.2.3 19.1.3 The period of leave taken in accordance with this Clause shall not constitute a break in service and shall count as service for all purposes. However the leave shall not count as service for salary increments. 38.2.4 19.1.4 An employee may elect to maintain superannuation contributions based on the full-time rate, or to alter contributions to the appropriate proportion of the new salary. An employee who elects to maintain contributions based on the full-full- time rate shall be responsible for paying the difference between the employer's ’s proportional contribution and the employer's ’s contribution based on the full-time rate. 38.2.5 19.1.5 An employee may withdraw in writing from the Deferred Salary Scheme prior to completing the required period of service, in which case a lump sum payment of salary foregone to that time will be made. The employee shall not be entitled to an equivalent absence from duty. Where it is no longer possible to offer the Deferred Salary SchemeScheme under legislative requirements, the Scheme scheme will cease with effect from that date. 19.1.6 The following breaks in service will not be considered withdrawal from the Deferred Salary Scheme, they will be deemed to be non-participatory periods: (a) Secondments where the outside organisation pays; and/or (b) Leave without pay; and/or (c) Sick leave without pay greater than three months; and/or

Deferred Salary Scheme. 38.2.1 19.1.1 An employee may apply to work within the parameters of the Deferred Salary Scheme. There are three options available:. (a) Completing 4 years’ years continuous service paid at 80% of salary to obtain be followed by 1 year's ’s leave also paid at 80% of salary; or (b) Completing 4.5 years’ years continuous service paid at 90% of salary followed by 6 months’ leave paid at 90% of salary; or (c) Completing 2 years’ years continuous service paid at 80% of salary followed by 6 months’ leave paid at 80% of salary. 38.2.2 19.1.2 Employees are responsible for informing themselves of all implications of the Deferred Salary Scheme before entering into such an arrangement. 38.2.3 19.1.3 The period of leave taken in accordance with this Clause shall not constitute a break in service and shall count as service for all purposes. However the leave shall not count as service for salary increments. 38.2.4 19.1.4 An employee may elect to maintain superannuation contributions based on the full-time rate, or to alter contributions to the appropriate proportion of the new salary. An employee who elects to maintain contributions based on the full-time rate shall be responsible for paying the difference between the employer's ’s proportional contribution and the employer's ’s contribution based on the full-time rate. 38.2.5 19.1.5 An employee may withdraw in writing from the Deferred Salary Scheme prior to completing the required period of service, in which case a lump sum payment of salary foregone to that time will be made. The employee shall not be entitled to an equivalent absence from duty. Where it is no longer possible to offer the Deferred Salary SchemeScheme under legislative requirements, the Scheme scheme will cease with effect from that date. 19.1.6 The following breaks in service will not be considered withdrawal from the Deferred Salary Scheme, they will be deemed to be non-participatory periods: (a) Secondments where the outside organisation pays; and/or (b) Leave without pay; and/or (c) Sick leave without pay greater than three months; and/or