Pension Buyback. Both the Employer and Employee's contributions will be paid out of the Fund. Employees who accept this early retirement incentive offer shall resign from the Institute on a date mutually agreed to between the Employee and the Institute.
Pension Buyback. The Employer will match the employee=s contribution for three (3) years of additional eligible pensionable service (effective January 1, 1998): for work at Selkirk College for employees who retire between the age of 55 and 65 who have ten (10) years of service with the Employer and who are eligible under the Municipal Pension Plan. Deadline for eligible purchase of past service, for years prior to April 1, 2002, is March 31, 2007. For service after April 1, 2002, the deadline is five years from the end of the period of service the employee is applying to purchase. Application for purchase must be made while still an employee at the College. Employees who wish to apply for this benefit must submit their application to the Employer prior to December 1 of the year prior to the fiscal year in which the employee wishes to retire.
Pension Buyback. The Employer will match the employee’s contribution for three (3) years of additional pensionable service (effective January 1, 1998): for work at Selkirk College for employees who retire between the age of 55 and 65 who have ten (10) years of service with the Employer and who are eligible under the Municipal Pension Plan. Employees who wish to apply for this benefit must submit their application to the Employer prior to December 1 of the year prior to the fiscal year in which the employee wishes to retire.
