Retirement Allowance and Pre-Retirement Leave.
(a) Upon retirement from service, an employee who has completed 20 years of service with the Employer, and who under the provisions of the Public Service Pension Plan Rules is entitled to receive a pension benefit on retirement, is entitled to an amount equal to their salary for one month, and for each full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional amount equal to one-fifth of their monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.
(1) An employee scheduled to retire and to receive a pension benefit under the Public Service Pension Plan Rules, shall be entitled to:
(i) a special paid leave for a period equivalent to 50% of their accumulated sick bank credit, to be taken immediately prior to retirement; or
(ii) 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 upon their current rate of pay.
(2) 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.
(3) Where an employee is permitted to purchase a period of war service under the Public Service Pension Plan Rules at retirement, they may use all or part of their entitlement for the purchase of war service.
Retirement Allowance and Pre-Retirement Leave. Upon retirement from the Public Service, an employee who has completed 20 years of service with the Employer and who, under provisions of the Pension (Public Service) Act, is entitled to receive a superannuation allowance on retirement, is entitled to an amount equal to the employee's salary for one month, and for each full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional amount equal to one-fifth of the employee's monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.
Retirement Allowance and Pre-Retirement Leave. Upon retirement from the Commission, an employee who has completed 20 years of service with the Commission, including any service with the Government of BC prior to transfer to the Commission and who, under provisions of the Pension (Public Service) Act, is entitled to receive a superannuation allowance on retirement, is entitled to an amount equal to the employee's salary for one month, and for each full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional amount equal to one-fifth of the employee's monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.
Retirement Allowance and Pre-Retirement Leave. Upon retirement from service, an employee who has completed 20 years of service with the Employer, and who under the provisions of the Municipal Pension Plan Rules is entitled to receive a pension benefit on retirement, is entitled to an amount equal to their salary for one month, and for each full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional amount equal to one-fifth of their monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.
Retirement Allowance and Pre-Retirement Leave.
(a) Upon retirement from service, an employee who has completed twenty (20) years of service with the Commission, and who under the provisions of the Public Service Pension Plan Rules is entitled to receive a pension benefit on retirement, is entitled to an amount equal to their 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 (⅕) of their monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.
(b) Where an employee is permitted to purchase a period of war service under the Public Service Pension Plan Rules at retirement, they may use all or part of their entitlement for the purchase of war service.
Retirement Allowance and Pre-Retirement Leave. The Employer will consult with the Union with respect to timing and duration of the program.
Retirement Allowance and Pre-Retirement Leave. Upon retirement from service, an employee who has completed 20 years of continuous service is entitled to an amount equal to their salary for one month, and for each full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional one week.
Retirement Allowance and Pre-Retirement Leave. Delete (b) (1) through (3) New
Retirement Allowance and Pre-Retirement Leave.
(a) Upon retirement from the Commission, an employee who has completed 20 years of service with the Commission, including any service with the government of BC prior to transfer to the Commission and who under the provisions of the Public Service Pension Plan Rules is entitled to receive a pension benefit on retirement, is entitled to an amount equal to their salary for one month, and for each full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional amount equal to one-fifth of their monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement. Service with the Public Service is only included where the employee was involved in the September 4, 2006 transfer from the Public Service to the Commission.
(b) Where an employee is permitted to purchase a period of war service under the Public Service Pension Plan Rules at retirement, they may use all or part of their entitlement for the purchase of war service.
Retirement Allowance and Pre-Retirement Leave. (a) Upon retirement from service, an employee who has completed 20 years of service with the Employer, and who under the provisions of the Public Service Pension Plan Rules is entitled to receive a pension benefit on retirement, is entitled to an amount equal to their salary for one month, and for each full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional amount equal to one-fifth of their monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.
(b) Where an employee is permitted to purchase a period of war service under the Public Service Pension Plan Rules at retirement, they may use all or part of their entitlement for the purchase of war service.
