Common use of Public Service Award Clause in Contracts

Public Service Award. (a) An employee who ceases to be employed either by retirement or resignation from employment, and is immediately eligible for and immediately accepts a pension, shall be granted a Public Service Award equal to one (1) week’s pay for each year of full-time service to a maximum of twenty-six (26) years. The amount will include a prorated payment for a partial year of service. (b) The amount of Public Service Award provided under Article 31.01 (a) shall be calculated by the formula: Annual Salary = 1 week 52 (c) An employee hired on April 1, 2008 or after shall be entitled to a Long Service Award equivalent to that contained in (a) and (b) above.

Public Service Award. (a) An employee who ceases to be employed either by retirement or resignation from employment, and is immediately eligible for and immediately accepts a pensionpension pursuant to the provisions of the Public Service Superannuation Act, shall be granted a Public Service Award equal to one (1) week’s pay for each year of full-time service to a maximum of twenty-six (26) years. The amount will include a prorated pro-rated payment for a partial year of service. (b) The amount of Public Service Award provided under Article 31.01 (a) shall be calculated by the formula: Annual Salary = Salary= 1 week 52 (c) An employee hired on April 1, 2008 or after shall be entitled to a Long Service Award equivalent to that contained in (a) and (b) above.week