Retirement Allowance. Prior to issuing notice of layoff pursuant to article 9.08(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 9.08(a)(ii). An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement."
Retirement Allowance. Prior to issuing notice of layoff pursuant to article 9.08(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 9.08(a)(ii). An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two (2) weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of fifty-two (52) weeks' salary.
Retirement Allowance. Effective date of signing, a Nurse with a minimum of ten (10) years of service with the Employer who retires in accordance with the provisions of the Employer’s Pension Plan or the Canada Pension Plan shall be entitled to the payment of the sum of six hundred dollars ($600) per year of service to a maximum of fifteen thousand ($15,000).
Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service and who, under the provisions of the applicable Superannuation Act(s) is entitled to receive a superannuation allowance on retirement is entitled to an amount equal to his/her salary for one (1) month, and for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her monthly salary.
Retirement Allowance. (a) An Employee who resigns or who retires from employment and is immediately eligible for and commences receipt of pension under the NSHEPP, the Provincial or Federal Superannuation Pension Plan or the Canada Pension Plan immediately following their resignation / retirement shall be granted a Retirement Allowance equal to one (1) week’s pay for each year of service to a maximum of twenty-six (26) years. The Retirement Allowance will include a prorated payment for a partial year of service.
Retirement Allowance. The Chief Executive Officer shall pay a retiring allowance to employees who, on the 15 December 1993, had no less than ten years' continuous service with the Health Service and were an employee of MCH on that date.
Retirement Allowance. When an employee having continuous service of five (5) years or more retires due to disability, death or age, the Employer shall pay such employee or beneficiary a retirement allowance equal to five (5) days' pay for each full year of service but not exceeding one hundred and twenty-five (125) days' pay, which when granted will be paid in a lump sum upon retirement at the employee's regular rate of pay. When an employee is laid off, the retirement allowance shall be paid in a lump sum twelve (12) months after the date he was laid off. At the request of the employee payment of this allowance shall be:
Retirement Allowance. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under article An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks' salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement."
Retirement Allowance. 34.01 When an employee having continuous service of 9,787.5 hours or more retires in accordance with the pension plan in effect at the time, or has his employment terminated due to disability, death, age or is laid off, the hospital shall pay such an employee or beneficiary a severance allowance equal to 37.5 hours’ pay for each 1,957.5 hours of continuous service, but not exceeding 937.5 hours’ pay, at the employee's regular rate of pay. In the case of layoff, such payment will only take place at the end of the eighteen (18) month period provided for under Article 20.06.
