Purchase of Past Service. The Board will approve requests for recognition of past service, permitting and making appropriate salary deductions and remittances to allow employees to purchase contributory time with the following provisions: (a) the entire cost (including the Board's share) of purchasing past service be borne by the employee; (b) the past service request be approved by the Pension Commission; (c) employees may request the Board to have the payment for past service deducted from their pay cheque with the understanding that all payments must be made within the fiscal year (July 1- June 30) application is made. The Board may consider an extension to repayment in special situations. (d) the Board will provide the employee with an estimate cost of the purchase of past service, based on the information provided by the employee. The employee will then advise the Board whether they wish a detailed research and calculation of the cost to purchase the past service. In the event the employee chooses not to purchase the past service, the administration time relating to this request will be paid by the employee.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
