Funded Leave Plan. The Employer agrees to make available to Employees on Seniority List A the Self Funded Leave as outlined in Appendix C.
Funded Leave Plan. The Employer agrees to establish an employee- financed absence with leave plan to permit employees to be absent for a period of either six (6) months or one
Funded Leave Plan. Note: The details of this Self-Funded Leave Plan are subject to the approval of Canada Customs and Revenue Agency (CCRA) (formerly known as Revenue Canada) prior to implementation.
Funded Leave Plan. The Employer agrees to make available to Employees on Seniority List A the Self Funded Leave as outlined in Appendix Bereavement leave shall be granted by the Director of Education, or designate, without loss of salary for scheduled hours of employment on three (3) days to an Employee at the time of the death of a member of the Employee’s immediate family in order for the Employee to make arrangements for and attend the funeral of such family member. Immediate family shall mean parents, parents-in-law, guardians, spouse, children, brothers, sisters, grandparents and grandchildren. If during a sick leave, an Employee is bereaved in circumstances under which the Employee would have been eligible for bereavement leave with pay under the above clause, the Employee shall be granted bereavement leave with pay and their paid credits shall be reinstated. Additional days may be granted by the Employer when required by the Employee for travelling time or other special circumstances. Collective Agreement Unit September to August
Funded Leave Plan. The Self Funded Leave Plan has been developed to afford Employees the opportunity of taking up to one year leave of absence and, through deferral of salary, to finance the leave subject to the regulations under the Income Tax Act. To be eligible to participate in the plan, an Employee must have three years service with the Board. An Employee must make a written application to the Director of Education on or before March requesting approval to participate in the plan. On or before April the Director of Education or designate shall reply in writing stating whether or not application has been approved and providing an explanation if the application is denied. The right to reject or approve individual requests to participate in the plan will rest solely with the Board. In each year of the Plan preceding the year of the leave, an Employee shall be paid of annual salary. The remaining of annual salary shall be deferred and deposited to a joint trust fund at the Employer's banking institution with an account heading "Bluewater District School Board In Trust for (name of Employee)". The amount deposited to this account will be retained for the Employee to finance the year of the leave. Interest will be retained and paid out at the end of the calendar year. Consideration will be given to a request for a leave to be financed by deduction of a larger amount of salary over a shorter period of time. For example, deduct for three years to finance a leave in the fourth year or deduct for two years to finance a leave in the third year. The length of the Plan shall not exceed six years, including the year of the leave. The scheduled year of leave will only be taken in the last year of the Plan. At the start of the leave of absence, the amount deposited to the Employee account plus accrued interest to that date shall be transferred to the general account of the Bluewater District School Board to pay the Employee's salary, and no further interest shall be earned.
Funded Leave Plan. The Self-Funded Leave Plan shall afford an Employee the opportunity to enter into an agreement with the Board to take a one year Self-Funded Leave. During the leave term the Employee shall agree to be paid at: normally paid under the current Collective Agreement in each of these years. shall be withdrawn by the Board in each of the years leading up to the Funded Leave year. The amounts withdrawn shall be invested by the Board. The amount withdrawn plus accrued interest shall be paid to the Employee during the year of leave. During all years that the individual Employee is participating in the Funded Leave Plan, all Employee benefits shall be maintained at a level as if the Employee was being paid at of salary. Premium costs during the Self-Funded Leave will be paid in full by the Employee. During the Funded Leave year, the Board shall deduct from each pay an amount equivalent to the total monthly premium costs paid on the Employee’s behalf. The Board assumes no responsibility for any consequences arising out of the implementation of the Plan related to its effect on the Pension Plan provision, income tax implications, Employment Insurance and the Canada Pension Plan.
Funded Leave Plan. A teacher who applies leave and is granted a leave shall have the option of withdrawing from the Plan at any time the leave, up to and including March of the year in which the leave is to commence. A teacher may, for medical reasons, be released from a self-funded leave agreement at any time up to the date the leave begins, with the understanding that this teacher not return to teaching duties until the semester following the scheduled commencement of the cancelled leave. The deposit of all funds retained under provisions of the Plan shall be to the financial institution of the choice. The teacher shall advise the Comptroller of Finance of this choice by April of the year in which the approval to participate in the Plan is given. Any subsequent change shall be made between the teacher and the financial institution. Once these funds are deposited in the financial institution, the Board assumes no responsibility for the investment or disbursement of any funds belonging to any teacher in this Plan. During the year of the leave the teacher shall arrange with the financial institution a method of repayment of accumulated monies and interest. During the year of the leave the teacher shall retain all benefits which shall be paid by the teacher and by the Board, exclusive of which shall continue to be paid by the teacher. The share of the cost of benefits shall be paid by automatic debit, and the teacher shall provide the Board with necessary and sufficient information to facilitate and implement that process. Neither the Durham District School Board nor District accept any responsibility to, or on behalf of participants in the Plan, except as required by law or explicitly stated in this Article. Should any teacher who is enrolled in the Plan leave the employ of the Board, that teacher’s enrolment in the Plan shall terminate. During the year of the leave, it will be the responsibility to make arrangements with the Ontario Pension Plan Board to purchase the service credit.
Funded Leave Plan. An employee Self-Funded Leave Plan is established permitting a one (1) year leave of absence through deferral of salary to finance the leave. Any permanent employee with the Board is eligible to participate in the plan (see Policy No. for application procedures). S over Y plus + where: equals the annual salary plus responsibility allowances if applicable; equals the number of years in the plan; and The above calculation shall be made each year the employee is actively enrolled in the plan prior to the leave. All applications for a + plan must clearly state both the number of employee years prior to taking leave and the date the leave is to commence. In all cases, the year of leave will be the last year of the plan. The Board shall retain the amount calculated as "1" above in each year of active enrolment in the plan prior to the year of the leave in a joint savings account (in trust) of the employee and the Board (at the Bank with which the Board deals). The savings shall be withdrawn with accumulated interest and paid to the employee to help finance the year of leave in a manner that the number of payments will not exceed that contained in the Employee-Board Agreement.
Funded Leave Plan. An employee must have two (2) or more consecutive years of active employment with HWDSB to participate in the plan. Written applications must be received by the Manager, Staffing and Operations, or designate, on or before January 31st for the next school year. Requests received after this date will be considered on an individual basis.
Funded Leave Plan. Any Member with a minimum of one year's service with the Board is eligible to apply for a Self-Funded Leave Plan, which has been developed to afford Members the opportunity of taking a one-year or half-year leave of absence, with pay, by spreading salary over a longer period of time (e.g. years' salary over years or one-half year's salary over year). The maximum period for a Self-Funded Leave Plan shall be six
