Common use of Purchase of Pensionable Service Clause in Contracts

Purchase of Pensionable Service. Subject to B.C. Reg#90/80, Pension (Teachers) Act and Article B.24.1, B.24.4 and B.24.3, a teacher who moves from full time to part-time employment may apply to the Board for “Pensionable Service Leave” for that portion of time reduced from full time. Such leave shall be granted upon request. This type of leave carries no further benefits other than the option to purchase a full year’s pensionable service. The teacher shall be responsible for the payment of both the employee and employer share of the pension cost of the period of leave.

Appears in 4 contracts

Samples: Provincial Collective Agreement, Provincial Collective Agreement, Provincial Collective Agreement

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