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:
Appears in 9 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Pre-Retirement Leave. 2901 24.01 A full-time employee who retires at or after age fifty- 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- per-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- pre-retirement leave entitlement will be paid to the employee with their final salary payment. 2902 .
24.02 Employees who have worked on a part-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 .
24.03 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 .
24.04 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, 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-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 .
24.05 Where an employee is entitled to pre- retirement leave in accordance with following:this article, and the employee dies prior to receiving this benefit, the benefit shall be paid to his/her estate.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
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, 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:
a) Commencing up to four (4) years prior to the employee’s retirement date, an employee may bank up to 50 days of vacation credits provided that a maximum of one year’s vacation credits are carried forward from one vacation year to the next.
b) An employee may only bank a maximum of fifty
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
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, 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:
a) Commencing up to four (4) years prior to the employee’s retirement date, an employee may bank up to 50 days of vacation credits provided that a maximum of one year’s vacation credits are carried forward from one vacation year to the next.
b) An employee may only bank a maximum of fifty (50) vacation days.
c) An employee must provide in writing his or her intended retirement date at the time she/he commences banking vacation credits for this purpose. 2906 Effective April 1, 2010, where an employee is entitled to pre-retirement leave in accordance with this article, and the employee dies prior to receiving this benefit, the benefit shall be paid to her/his estate. 2907 Buyback of Pension Pre-retirement pay may be utilized to directly fund the buyback of pension service in accordance with Revenue Canada limits and restrictions. Contributions for this purpose must also conform to the Healthcare Employees Pension Plan (XXXX) Trust Agreement, XXXX Plan Text, and other applicable written XXXX policies and guidelines.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
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, 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 ratificationApril 1, April 272010, 2007. As established under the Civil Service Superannuation Plan, former civil service employees may carrywhere an employee is entitled to pre-over vacation credits to retirement leave in accordance with following:this article, and the employee dies prior to receiving this benefit, the benefit shall be paid to her/his estate.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Pre-Retirement Leave. 2901 A full-time employee who retires at or after age fifty- five
(55a) with ten (10) or more years of service, or at any time Employees retiring due to permanent disability normal retirement age or where in accordance with the sum provisions of the employeeEmployer’s years of age and length of continuous employment total eighty (80) or more (“Magic 80”), Group Pension Plan shall be granted paid pre-retirement leave on the basis of four (4) days of paid pre- retirement leave per year of service or portion thereofemployment. Where an employee takes prePre-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 is calculated on a part-time basis during their employment with the Employer shall receive a pro-rata portion of prebasis for part-retirement leave time employees based on their actual hours worked as compared to those of a full-time employee. 2903 .
(b) Calculation of pre-retirement leave shall begin from the date of the employee’s last commencing employment with at the Employer facility and shall be based on the employee’s total length of continuous employment as at the date of retirement. 2904 .
26:02 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 .
26:03 In lieu of the provisions of Article 26:02, employees so desiring may continue working until their scheduled retirement date and upon retiring receive a lump sum payment equal to the pre-retirement benefits that would have been owing to them under Article 26:01.
26:04 All previously accumulated service at the Centre prior to signing this Collective Agreement shall be counted as years of ratificationemployment for the purposes of this Article.
26:05 A permanent employee who terminates their employment due to permanent disability shall be granted pre-retirement leave, April 27payable in a lump sum, 2007. As established under on the Civil Service Superannuation Plan, former civil service employees may carry-over vacation credits to retirement basis of four (4) days per year of completed employment calculated in accordance with following:Article 26:01.
Appears in 1 contract
Samples: Collective Agreement
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:
Appears in 1 contract
Samples: Collective Agreement
Pre-Retirement Leave. 2901 24.01 A full-time employee who retires at or after age fifty- 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- per-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- pre-retirement leave entitlement will be paid to the employee with their final salary payment. 2902 .
24.02 Employees who have worked on a part-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 .
24.03 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 .
24.04 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, 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-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 .
24.05 Where an employee is entitled to pre- retirement leave in accordance with following:this article, and the employee dies prior to receiving this benefit, the benefit shall be paid to his/her estate.
Appears in 1 contract
Samples: Collective Agreement