Common use of Income Replacement Entitlement Balance as of Clause in Contracts

Income Replacement Entitlement Balance as of. the last day prior to the implementation of the Income Protection and Long Term Disability Plans, shall be determined in accordance with the following schedules less any reductions provided for under the terms of the Income Replacement Plan or as specifically provided for in this Agreement. Schedule A : Income Replacement Entitlement Level Duration of Continuous Employment Prior to the Implementation Date of the Long Term Disability Plan Credited (the lesser of the following) Balance (the lesser of the following) Level 0 Less than 3 months 0 hours Level 1 3 months 20 days or 160 hours 20 days or 160 hours (less reductions) Level 2 1 year 20 days or 160 hours 40 days or 320 hours (less reductions) Level 3 2 years 40 days or 320 hours 80 days or 640 hours (less reductions) Level 4 3 years 80 days 160 days Schedule A : Income Replacement Entitlement Level Duration of Continuous Employment Prior to the Implementation Date of the Long Term Disability Plan Credited (the lesser of the following) Balance (the lesser of the following) or 640 hours or 1,280 hours (less reductions) Level 5 4 years 160 days or 1,280 hours 320 days or 2,560 hours (less reductions) Level 6 5 years 200 days or 1,600 hours 520 days or 4,160 hours (less reductions) A member who remained in the continuous employment of the City in excess of 5 years prior to the date of implementation of the Long Term Disability Plan shall, on each anniversary date prior to the date of implementation of the Long Term Disability Plan which follows completion of 5 years of service, have their Income Replacement Entitlement credited with a further amount of Income Replacement Entitlement which shall be determined by subtracting the sick leave taken in one year immediately preceding such anniversary date from the lesser of 10 working days or 80 hours and provided that a member shall not be credited with any Income Replacement Entitlement which would result in such member having an Accumulated Income Replacement Entitlement which is in excess of the lesser of 520 days or 4,160 hours. This provision shall not be effective prior to January 1, 1974.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Income Replacement Entitlement Balance as of. the last day prior to the implementation of the Income Protection and Long Term Disability Plans, shall be determined in accordance with the following schedules less any reductions provided for under the terms of the Income Replacement Plan or as specifically provided for in this Agreement. Schedule A : Income Replacement Entitlement Level Duration of Continuous Employment Prior to the Implementation Date of the Long Term Disability Plan Credited (the lesser of the following) Balance (the lesser of the following) Level 0 Less than 3 months 0 hours Level 1 3 months 20 days or 160 hours 20 days or 160 hours (less reductions) Level 2 1 year 20 days or 160 hours 40 days or 320 hours (less reductions) Level 3 2 years 40 days or 320 hours 80 days or 640 hours (less reductions) Level 4 3 years 80 days 160 days Schedule A : Income Replacement Entitlement Level Duration of Continuous Employment Prior to the Implementation Date of the Long Term Disability Plan Credited (the lesser of the following) Balance (the lesser of the following) (less reductions) Level 4 3 years 80 days or 640 hours 160 days or 1,280 hours (less reductions) Level 5 4 years 160 days or 1,280 hours 320 days or 2,560 hours (less reductions) Level 6 5 years 200 days or 1,600 hours 520 days or 4,160 hours (less reductions) A member who remained in the continuous employment of the City in excess of 5 years prior to the date of implementation of the Long Term Disability Plan shall, on each anniversary date prior to the date of implementation of the Long Term Disability Plan which follows completion of 5 years of service, have their Income Replacement Entitlement credited with a further amount of Income Replacement Entitlement which shall be determined by subtracting the sick leave taken in one year immediately preceding such anniversary date from the lesser of 10 working days or 80 hours and provided that a member shall not be credited with any Income Replacement Entitlement which would result in such member having an Accumulated Income Replacement Entitlement which is in excess of the lesser of 520 days or 4,160 hours. This provision shall not be effective prior to January 1, 1974.

Appears in 1 contract

Samples: Collective Agreement

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