Eligibility for Pension Plan. All academic staff members with term, tenure-track or tenured appointments (whether full-time or reduced) of a duration of four months or more shall be enrolled in the pension plan described in section 23.5.8. Contributions and service credits continue beyond the normal retirement date as specified by the plan within limits set by the Income Tax Act.
Eligibility for Pension Plan membership will commence upon date of hire. The vesting period will be twenty-four (24) months until such time that the Alberta Pension legislation is amended and mandates immediate vesting. An annual statement by March 31st of the following year shall be given to each Employee participating in the pension plan stating the value of the pension credits earned. Booklets describing benefits provided under the plans shall be made available from the Branch Human Resources contact. The official Pension plan document provides a full description of the governing terms and conditions.
Eligibility for Pension Plan membership will commence upon date of hire. The vesting period will be twenty-four (24) months. All existing Employees will be vested upon signing of the new Collective Agreement. An annual statement by March 31st of the following year shall be given to each Employee participating in the pension plan stating the value of the pension credits earned. Booklets describing benefits provided under the plans shall be made available from the Branch Human Resources contact. The official Pension plan document provides a full description of the governing terms and conditions.
