Effective July 1, 2016. On each July 1st, OC shall deposit a sum equal to 40% of Step 1 of the salary scale into a jointly administered fund to be known as the Professional Allowance Fund. Any interest earned on the money in the fund shall accrue to the fund and any money remaining in the fund at the end of the fiscal year shall stay in the fund for subsequent use of the fund.
Appears in 7 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
