Common use of Pension "Buy-Back Clause in Contracts

Pension "Buy-Back. The College will match the employee’s contribution for three (3) years of additional pensionable service for work at Selkirk College by employees who retire between the age of 55 and 65, who have ten (10) years of service with the College and who are eligible under the Pension (College) plan. Employees who wish to apply for this benefit must submit their application to the College prior to December 1 of the year prior to the fiscal year the employee wishes to retire. Enrolment in the College Pension Plan shall be provided in the Common Agreement.

Pension "Buy-Back. The College will match the employee’s 's contribution for three (3) years of additional pensionable service for work at Selkirk College by employees who retire between the age of 55 and 65, who have ten (10) years of service with the College and who are eligible under the Pension (College) plan. Employees who wish to apply for this benefit must submit their application to the College prior to December 1 of the year prior to the fiscal year the employee wishes to retire. Enrolment in the College Pension Plan shall be provided in the Common Agreement.