Common use of Employee Options No option offered Clause in Contracts

Employee Options No option offered. 2 Top-Up Calculation The Top-up shall be calculated as follows: For Full-time Staff – Regular Gross Pay (plus Vacation Pay when paid with each cheque) less 20% and Part-time staff less 15% (estimated for C.P.P., E.I., and Income Tax) = Net Pay * 10% of Net Income as defined by W.C.B. which is the portion not paid by W.C.B. Subject to No. 3 below, the Top Up will be increased by the amount required to maintain the same contribution to the M.A.S.T. Pension Plan that was being made prior to the employee commencing W.C.B. leave. 3 Annual Limit on Contributions to the M.A.S.T. Pension Plan Federal law currently does not permit contributions into a pension plan which exceed 18% of earned income in any calendar year (employee plus employer matching contributions). For employees on longer terms of W.C.B. leave, this means that the Pre-W.C.B. pension contributions may not be able to be maintained for the full period of the W.C.B. leave period. In the Fall of each year or whenever an employee is on W.C.B. leave for 18 weeks (9 pay periods) in any calendar year, the Secretary Treasurer’s Department will review the status of the W.C.B. recipient to determine whether or not the 18% ceiling has been breached. If the ceiling is expected to be or has been breached, adjustments to the pension contributions (including recovery, if necessary) shall be made to ensure that the contributions remain within 18% of earned income.

Employee Options No option offered. 2 Top-Up Calculation The Top-up shall be calculated as follows: For Full-time Staff – Regular Gross Pay (plus Vacation Pay when paid with each cheque) less 20% and Part-time staff less 15% (estimated for C.P.P., E.I., and Income Tax) = Net Pay * 10% of Net Income as defined by W.C.B. which is the portion not paid by W.C.B. Subject to No. 3 below, the Top Up will be increased by the amount required to maintain the same contribution to the M.A.S.T. Pension Plan that was being made prior to the employee Employee commencing W.C.B. leave. 3 Annual Limit on Contributions to the M.A.S.T. Pension Plan Federal law currently does not permit contributions into a pension plan which exceed 18% of earned income in any calendar year (employee Employee plus employer matching contributions). For employees Employees on longer terms of W.C.B. leave, this means that the Pre-W.C.B. pension contributions may not be able to be maintained for the full period of the W.C.B. leave period. In the Fall of each year or whenever an employee Employee is on W.C.B. leave for 18 weeks (9 pay periods) in any calendar year, the Secretary Treasurer’s Department will review the status of the W.C.B. recipient to determine whether or not the 18% ceiling has been breached. If the ceiling is expected to be or has been breached, adjustments to the pension contributions (including recovery, if necessary) shall be made to ensure that the contributions remain within 18% of earned income.

Employee Options No option offered. 2 Top-Up Calculation The Top-up shall be calculated as follows: For Full-time Staff – Regular Gross Pay (plus Vacation Pay when paid with each cheque) less 20% and Part-time staff less 15% (estimated for C.P.P., E.I., and Income Tax) = Net Pay * 10% of Net Income as defined by W.C.B. which is the portion not paid by W.C.B. Subject to No. 3 below, the Top Up will be increased by the amount required to maintain the same contribution to the M.A.S.T. Pension Plan that was being made prior to the employee Employee commencing W.C.B. leave. 3 Annual Limit on Contributions to the M.A.S.T. M.S.B.A. Pension Plan Federal law currently does not permit contributions into a pension plan which exceed 18% of earned income in any calendar year (employee Employee plus employer matching contributions). For employees Employees on longer terms of W.C.B. leave, this means that the Pre-W.C.B. pension contributions may not be able to be maintained for the full period of the W.C.B. leave period. In the Fall of each year or whenever an employee Employee is on W.C.B. leave for 18 weeks (9 pay periods) in any calendar year, the Secretary Treasurer’s Department will review the status of the W.C.B. recipient to determine whether or not the 18% ceiling has been breached. If the ceiling is expected to be or has been breached, adjustments to the pension contributions (including recovery, if necessary) shall be made to ensure that the contributions remain within 18% of earned income.

Employee Options No option offered. 2 Top-Up up Calculation The Top-up shall be calculated as follows: For Full-time Staff – Staff-Regular Gross Pay (plus Vacation Pay when paid with each cheque) less 20% and Part-time staff Staff less 15% (estimated for C.P.P., E.I., E.I. and Income Tax) = Net Pay * 10% = Top-up. This calculation approximates 10% of Net Income as defined by W.C.B. which is the portion not paid by W.C.B. Subject to No. 3 below, the Top Up will be increased by the amount required to maintain the same contribution to the M.A.S.T. M.S.B.A. Pension Plan that was being made prior to the employee commencing W.C.B. leave. 3 Annual Limit on Contributions to the M.A.S.T. M.S.B.A. Pension Plan Federal law currently does not permit contributions into a pension plan which exceed 18% of earned income in any calendar year (employee plus employer Employer matching contributions). For employees on longer terms of W.C.B. leaveLeave, this means that the Pre-W.C.B. pension contributions may not be able to be maintained for the full period of the W.C.B. leave period. In the Fall of each year or whenever an employee is on W.C.B. leave for 18 weeks (9 pay periods) in any calendar year, the Secretary Secretary-Treasurer’s 's Department will review the status of the W.C.B. recipient to determine whether or not the 18% ceiling has been breached. If the ceiling is expected to be or has been breached, adjustments to the pension contributions (including recovery, if necessary) shall be made to ensure that the contributions remain within 18% of earned income.. 4 Effective Date As soon as Payroll is notified that an employee is filing a W.C.B. claim including the date of the injury, and it seems clear that the employee will be approved for W.C.B. benefits, the effective date of W.C.B. benefits and Top-up is the day following the day of the injury. 5 Ordinary Advance of W.C.B. Benefits Due to the time delay between the reporting of the injury to W.C.B., the completion of the approval process and issuing of W.C.B. benefits cheques, the Division will issue an Advance of W.C.B. benefits equal to 1 pay period of estimated benefits. The Advance will be paid on the normal pay date for the applicable pay period. The Division will notify W.C.B. as to the amount of the Advance paid and W.C.B. will issue a cheque to the Division for the amount of the Advance and deduct that amount from benefits sent to the employee. 6 Additional Advance of W.C.B. Benefits ONLY when injury occurs in First Week of Pay Period As injuries can occur during any part of any pay period the Regular Gross Pay for the pay period will be adjusted and an Additional Advance paid (in addition to the Ordinary Advance) to cover the period between the date of the injury and the end of the pay period. This can only be done if there is time adjust the payroll reflecting a portion as Regular Wages and a portion as Advance of W.C.B.

Employee Options No option offered. 2 Top-Up up Calculation The Top-up shall be calculated as follows: For FullFull Time Staff-time Staff – Regular Gross Pay (plus Vacation Pay when paid with each cheque) less 20% and Part-time staff Staff less 15% (estimated for C.P.P., E.I., E.I. and Income Tax) = Net Pay * 10% = Top-up. This calculation approximates 10% of Net Income as defined by W.C.B. which is the portion not paid by W.C.B. Subject to No. 3 below, the Top Up will be increased by the amount required to maintain the same contribution to the M.A.S.T. Pension Plan that was being made prior to the employee commencing W.C.B. leave. 3 Annual Limit on Contributions to the M.A.S.T. Pension Plan Federal law currently does not permit contributions into a pension plan which exceed 18% of earned income in any calendar year (employee plus employer matching contributions). For employees on longer terms of W.C.B. leaveLeave, this means that the Pre-W.C.B. Pre- W,C,B, pension contributions may not be able to be maintained for the full period of the W.C.B. leave period. In the Fall of each year or whenever an employee is on W.C.B. leave for 18 weeks (9 pay periods) in any calendar year, the Secretary Secretary-Treasurer’s 's Department will review the status of the W.C.B. recipient to determine whether or not the 18% ceiling has been breached. If the ceiling is expected to be or has been breached, adjustments to the pension contributions (including recovery, if necessary) shall be made to ensure that the contributions remain within 18% of earned income.. 4 Effective Date As soon as Payroll is notified that an employee is filing a W.C.B. claim including the date of the injury, and it seems clear that the employee will be approved for W.C.B. benefits, the effective date of W.C.B. benefits and Top- up is the day following the day of the injury. 5 Ordinary Advance of W.C.B. Benefits Due to the time delay between the reporting of the injury to W.C.B., the completion of the approval process and issuing of W.C.B. benefits cheques, the Division will issue an Advance of W.C.B. benefits equal to 1 pay period of estimated benefits. the Advance will be paid on the normal pay date for the applicable pay period. The Division will notify W.C.B. as to the amount of the Advance paid and W.C.B. will issue a cheque to the Division for the amount of the Advance and deduct that amount from benefits sent to the employee. 6 Additional Advance of W.C.B. Benefits ONLY when injury occurs in First Week of Pay Period As injuries can occur during any part of any pay period the Regular Gross Pay for the pay period will be adjusted and an Additional Advance paid (in addition to the Ordinary Advance) to cover the period between the date of the injury and the end of the pay period. This can only be done if there is time adjust the payroll reflecting a portion as Regular Wages and a portion as Advance of W.C.B.