Pre-Retirement Leave. An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to:
(a) A special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; or
(b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.
Pre-Retirement Leave. 2901 A full-time employee who retires at or after age fifty- five (55) with ten (10) or more years of service, or at any time due to permanent disability or where the sum of the employee’s years of age and length of continuous employment total eighty (80) or more (“Magic 80”), shall be granted four (4) days of paid pre- retirement leave per year of service or portion thereof. Where an employee takes pre-retirement leave as salary continuance, pre-retirement leave will accrue during the salary continuance period. This final pre- retirement leave entitlement will be paid to the employee with their final salary payment. 2902 Employees who have worked on a part-time basis during their employment with the Employer shall receive a pro-rata portion of pre-retirement leave based on their actual hours worked as compared to those of a full-time employee. 2903 Calculation of pre-retirement leave shall begin from the date of the employee’s last commencing employment with the Employer and shall be based on the employee’s total length of continuous employment as at the date of retirement. 2904 Payment shall, at the option of the employee, be made in a lump sum or as a continuation of salary until the scheduled retirement date is reached. Where the employee chooses to take a lump sum payment, the last day worked shall be considered the retirement day and benefits shall cease on that day. Where the employee chooses to take pre-retirement leave as a continuation of salary until the scheduled retirement date, all benefits shall continue until that date. 2905 Effective date of ratification, April 27, 2007. As established under the Civil Service Superannuation Plan, former civil service employees may carry-over vacation credits to retirement in accordance with following:
Pre-Retirement Leave. 2901 A full-time employee who retires at or after age fifty-five
Pre-Retirement Leave. The Employer will provide thirty-seven decimal five (37.5) hours of paid leave per year, up to a maximum of one-hundred and eighty seven decimal five (187.5) hours, to employees who have the combination of age and years of service to qualify for an immediate annuity without penalty under the Public Service Superannuation Act.
Pre-Retirement Leave. (a) An employee, who is scheduled to retire and to receive a superannuation allowance under the Pension (Public Service) Act, or who has reached the mandatory retiring age, shall be entitled to:
(i) a special paid leave for a period equivalent to 50% of any accumulated sick bank credit, to be taken immediately prior to retirement; or
(ii) a special cash payment of an amount equivalent to the cash value of 50% of any accumulated sick bank credit, to be paid immediately prior to retirement and based upon the current rate of pay.
(b) Sick bank credit for the purpose of this Article means credit accumulated prior to January 1, 1978, which has not been utilized prior to retirement.
(c) Where an employee is permitted to purchase a period of war service under the Pension (Public Service) Act at retirement, an employee may use all or part of this entitlement for the purchase of war service.
Pre-Retirement Leave. 17.01 A Full-Time Employee who:
(a) retires at age sixty-five (65) years;
(b) retires after age sixty-five (65) years;
(c) has completed at least ten (10) years of continuous employment and retires after age fifty-five (55) but before age sixty-five (65) years;
(d) has completed at least ten (10) years continuous employment and who meets the "Magic 80" provisions of the HEB Pension Plan; or
(e) terminates employment at any time due to permanent disability, will be granted a retiring allowance on the basis of four (4) days per year of employment with the Employer. For the purpose of this Article, a “day” will mean eight (8) hours for an employee occupying a position that is 2080 regular hours annually.
17.02 Employees who have worked on a part-time basis during the employment with the Employer shall receive a pro-rata portion of the pre-retirement leave based on their actual hours worked as compared to those of a Full-time Employee.
17.03 Calculation of pre-retirement leave shall begin from the date of the Employee’s last commencing Full-time or Part-time employment with the Employer and shall be based on the Employee’s total length of continuous employment as at the date of retirement.
17.04 Arrangements for payment of the Pre-Retirement Leave are at the Employee’s option of either:
(a) a lump sum, which is subject to Canada Revenue Agency guidelines, may be transferred into a Registered Retirement Savings Plan; or
(b) continuation of salary until the scheduled retirement date; or
(c) a combination of salary continuance followed by lump sum payment.
17.05 Permanent Employees who terminate employment at any time due to permanent disability shall be granted pre-retirement leave, payable in a lump sum.
17.06 Where an Employee is entitled to pre-retirement leave in accordance with the conditions listed above, and the Employee dies prior to receiving this benefit, it is understood that the pre-retirement leave benefit shall be paid to their estate.
Pre-Retirement Leave. (a) In addition to vacation leave provided for under this collective agreement, a full-time employee and/or a part-time employee whose regularly scheduled hours of work are fifteen (15) hours or more per week in a grade Office and a Postmaster in a position classified at level three (3) and above in a group Office who is fifty (50) years of age, and has completed twenty (20) years of continuous employment, or is sixty (60) years of age and has completed five (5) years of continuous employment, shall be entitled to pre-retirement leave with pay of one (1) week in the vacation year in which the employee becomes eligible therefore and in every vacation year thereafter until the employee retirement up to a maximum of six (6) weeks pre-retirement leave from the time of eligibility until the time of retirement.
(b) An employee may elect to take his fifth (5th) and sixth (6th) weeks of pre-retirement leave during the same year.
(c) Pre-retirement leave shall be scheduled in one (1) week blocks separate from the scheduling of vacation leave at a time to be determined by the Corporation, taking into consideration the employee's wishes and operational requirements.
(d) It is understood that there shall be no payment made to or on behalf of any employee in lieu of unused pre-retirement leave.
(e) Pre-retirement leave is earned in the first qualifying year and in each following year on the employee’s anniversary date or his birthday, whichever is later. The Corporation shall only recover salary for pre- retirement leave taken in advance when the employee’s employment is terminated, for reasons other than death or layoff, before the leave is earned. In addition, where the employee takes the sixth (6th) week of pre-retirement leave in advance under Clause 22.14(b), there shall be no recovery of pay for the sixth (6th) week unless the Corporation is entitled to recover the fifth (5th) week.
Pre-Retirement Leave. An employee may use his sick leave credits accumulated prior to December 31, 1984 (or prior to December 31, 1982, in the case of Schedule "A" employees), along with his vacation and statutory credits, to leave work immediately prior to his normal retirement age of sixty-five (65) years to the extent that such credits or any portion thereof will bring him to age sixty-five (65), or employees who have reached age fifty-five (55) may use sick leave credits accumulated prior to December 31, 1984, along with his vacation and statutory credits to leave work immediately prior to the point of an unreduced early retirement under the most current OMERS qualifying service provision to the extent that such credit or any portion thereof will bring him to age sixty-five (65) or to the point of an unreduced early retirement under the most current OMERS qualifying service provision. Any sick leave credits owing to the employee thereafter will be paid out within the terms of Article
Pre-Retirement Leave.
(a) An employee scheduled to retire and to receive a superannuation allowance under the Public Service Pension Plan Rules shall be entitled to:
(1) a special paid leave for a period equivalent to 50% of their accumulated sick leave bank credit, to be taken immediately prior to retirement; or
(2) a special cash payment of an amount equivalent to the cash value of 50% of their accumulated sick bank credit, to be paid immediately prior to retirement and based on their current rate of pay.
(b) Sick bank credit for the purpose of this clause means credit accumulated prior to January 1, 1978, which has not been utilized prior to retirement.
Pre-Retirement Leave i) An employee who retires from the Public Service and who is eligible for an immediate annuity or an immediate allowance as defined under the Public Service Superannuation Act, unless in exceptional circumstances, the employee has been excluded by the provisions of the Act, may convert up to a maximum of thirty-three and one-third percent (33 1/3%) of the total earned but unused sick leave credits, to a maximum of three-hundred (300) hours, to be paid pre-retirement leave. Such pre-retirement leave shall be taken during the period immediately prior to the employee’s effective date of retirement. An employee may elect to receive an equivalent cash payout in lieu of pre-retirement leave. An employee will be permitted to take a combination of pre-retirement leave and monetary payment, as long as this does not result in disruption to the teaching cycle. An employee who terminates his/her employment more than once shall be limited in his/her entitlement under this Article, to a maximum of three-hundred (300) hours in total.
ii) The hourly rate of pay for pre-retirement leave or payout in lieu will be calculated on the basis of one (1) divided by 980 hours times the full-time equivalent of the employee’s basic salary and administrative or supervisory allowances, according to Appendix “A”, “B”, or “C” as appropriate.
