Common use of Pre-Paid Retirement Leaves Clause in Contracts

Pre-Paid Retirement Leaves. (a) A Permanent Employee who has ten (10) or more years continuous service, has attained the age of fifty five (55) years and who would be eligible for retirement allowance may, subject to approval, use their accrued retirement allowance towards a maximum of three (3) paid pre-retirement leaves. Each leave shall be for a maximum of twenty (20) working days. Employees must make an advance application for approval of a pre-retirement leave.

Pre-Paid Retirement Leaves. (a) A Permanent Employee who has ten (10) or more years continuous service, has attained the age of fifty five (55) years and who would be eligible for retirement allowance may, subject to approval, use their accrued retirement allowance towards a maximum of three (3) paid pre-retirement leaves. Each leave shall be for a maximum of twenty (20) working days. Employees must make an advance application for approval of a pre-retirement leave. Once retirement allowance credits are used, the Employee cannot earn any additional retirement allowance credits.

Pre-Paid Retirement Leaves. (a) A Permanent Employee who has ten (10) or more years continuous service, has attained the age of fifty fifty-five (55) years and who would be eligible for retirement allowance may, subject to approval, use their accrued retirement allowance towards a maximum of three (3) paid pre-retirement leaves. Each leave shall be for a maximum of twenty (20) working days. Employees must make an advance application for approval of a pre-retirement leave. Once retirement allowance credits are used, the Employee cannot earn any additional retirement allowance credits.