Common use of Pre-Retirement Leave Clause in Contracts

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 950 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.

Pre-Retirement Leave. ia) 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 their employment more than once shall be limited in his/her their entitlement under this Article, to a maximum of three-hundred (300) hours in total. iib) The hourly rate of pay for pre-retirement leave or payout in lieu will be calculated on the basis of one (1) divided by 950 hours 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.

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 950 980 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.

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 their employment more than once shall be limited in his/her their 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 950 980 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.