Common use of Pre-Retirement Leave Clause in Contracts

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. ‌ (a) An employee scheduled to retire and to receive a superannuation allowance pension benefits under the Public Service Sector Pension Plan Rules Plans Act, 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. ‌ (a) An employee scheduled to retire and to receive a superannuation allowance pension benefits under the Public Service Sector Pension Plan Rules Plans Act, 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. ‌ (a) An employee scheduled to retire and to receive a superannuation allowance pension benefit under the Public Service Pension Plan Rules 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) or a special cash payment of an amount equivalent to the cash value of 50% of their accumulated sick bank leave credit, to be paid immediately prior to retirement and based on upon their current rate of pay. (b) . Sick bank leave credit for the purpose of this clause Clause means credit accumulated prior to January 1December 31, 19781979, which has not been utilized prior to retirement.