Common use of RETIREMENT AND RETIREMENT ALLOWANCE Clause in Contracts

RETIREMENT AND RETIREMENT ALLOWANCE. 33.01 Any employee who has reached a combination figure of ninety (90) years service and age or has reached sixty-five (65) years of age may retire without any loss of retirement allowance. 33.02 Any employee who has ten (10) years or more of service and has attained the age of fifty-five (55) years may retire at her own request or be retired for just cause without loss of retirement benefits. 33.03 When an employee having continuous service of ten (10) years or more retires, the Employer shall pay such an employee a retirement allowance equal to thirty- seven and one-half (37.5) hours pay for each nineteen hundred and fifty (1950) hours of continuous service or portion thereof since October 1, 1959, but not exceeding nine hundred and seventy-five (975) hours pay, at the regular rate of pay. 33.04 When an employee has a permanent disability and requests to retire, or when the Employer requires an employee to retire due to a permanent disability, and in the absence of mutual agreement, an Arbitration Board whose decision shall be final and binding on the parties to this Agreement, shall be constituted in accordance with Article 16. If the permanent disability of an employee has been established under the Worker's Compensation Act or the Canada Pension Act, an Arbitration Board decision under this Article shall not be required. 33.05 A long-term employee of ten (10) years or more who is forced to discontinue employment for reasons of ill health prior to reaching retirement age shall be included in the above policy. The retirement allowance shall be computed on a pro rata basis effective October 1, 1959. 33.06 No retirement allowance shall be granted under this Section to an employee who is dismissed or resigns from the employ of the Employer. 33.07 The retirement allowance entitlement of a deceased employee shall be paid to the employee’s designated beneficiary or to his/her estate if no beneficiary has been designated.

RETIREMENT AND RETIREMENT ALLOWANCE. 33.01 Any employee who has reached a combination figure of ninety (90) years service and age or has reached sixty-five (65) years of age may retire without any loss of retirement allowance. 33.02 34.1 Any employee who has ten (10) years or more of service and has attained the age of fifty-five (55) years may retire at her his own request or be retired for just cause without loss of retirement benefitsallowance. 33.03 34.2 When an a permanent or permanent part-time employee having continuous service of ten (10) years or more retires, the Employer shall pay such an employee a retirement allowance equal to thirty- thirty-seven and one-one half (37.5) hours pay for each nineteen hundred and fifty (19501,950) hours of continuous service or portion thereof since October 1, 1959, 1959 but not exceeding nine hundred and seventy-five (975) hours pay, pay at the regular rate of pay. 33.04 34.3 When an employee has a permanent disability and requests to retire, or when the Employer requires requies an employee to retire due to a permanent disability, and in the absence of mutual agreement, an Arbitration a Board of Doctors whose decision shall be final and binding on the parties to this Agreement, Agreement shall be constituted in accordance with Article 16as follows: one doctor appointed by the Local; one doctor appointed by the Employer and one doctor selected by the two (2) so appointed, who shall be the Chairperson. If the decision of the Board is that the employee has a permanent disability the said employee shall receive the accumulated retirement allowance to which he is entitled under this Article. The expense of this Board shall be paid for in the same manner as if it were an Arbitration Board. lithe permanent disability of an employee has been established under the Worker's Workers' Compensation Act or the Canada Pension Pensions Act, an Arbitration a further Board decision under this Article shall not be required. 33.05 34.4 A long-term employee of ten (10) years or more who is forced to discontinue employment for reasons of ill health or death prior to reaching retirement age shall also be included in the above policy. The , the retirement allowance shall be computed on a pro rata prorate basis effective October 1, 1959. 33.06 34.5 No retirement retiring allowance shall be granted under this Section to an employee who is dismissed or resigns from the employ of the Employer. 33.07 The retirement allowance entitlement of a deceased employee shall 34.6 Retirement allowance, if uncollected by the employee, will be paid to the employee’s designated beneficiary or to his/her estate if no beneficiary has been designatedestate.

RETIREMENT AND RETIREMENT ALLOWANCE. 33.01 Any employee who has reached a combination figure of ninety (90) years service and age or has reached sixty-five (65) years of age may retire without any loss of retirement allowance. 33.02 Any employee who has ten (10) years or more of service and has attained the age of fifty-five (55) years may retire at her own request or be retired for just cause without loss of retirement benefits. 33.03 When an employee having continuous service of ten (10) years or more retires, the Employer shall pay such an employee a retirement allowance equal to thirty- thirty-seven and one-half (37.5) hours pay for each nineteen hundred and fifty (1950) hours of continuous service or portion thereof since October 1, 1959, but not exceeding nine hundred and seventy-five (975) hours pay, at the regular rate of pay. 33.04 When an employee has a permanent disability and requests to retire, or when the Employer requires an employee to retire due to a permanent disability, and in the absence of mutual agreement, an Arbitration Board whose decision shall be final and binding on the parties to this Agreement, shall be constituted in accordance with Article 16. If the permanent disability of an employee has been established under the Worker's Compensation Act or the Canada Pension Act, an Arbitration Board decision under this Article shall not be required. 33.05 A long-term employee of ten (10) years or more who is forced to discontinue employment for reasons of ill health prior to reaching retirement age shall also be included in the above policy. The retirement allowance shall be computed on a pro rata basis effective October 1, 1959. 33.06 No retirement allowance shall be granted under this Section to an employee who is dismissed or resigns from the employ of the Employer. 33.07 The retirement allowance entitlement of a deceased employee shall be paid to the employee’s designated beneficiary or to his/her estate if no beneficiary has been designated.

RETIREMENT AND RETIREMENT ALLOWANCE. 33.01 33.1 Any employee who has reached a combination figure of ninety (90) years service and age or has reached sixty-five (65) years of age may retire without any loss of retirement allowance. 33.02 33.2 Any employee who has ten (10) years or more of service and has attained the age of fifty-fifty- five (55) years may retire at her own request or be retired for just cause without loss of retirement benefits. 33.03 33.3 When an employee having continuous service of ten (10) years or more retires, the Employer shall pay such an employee a retirement allowance equal to thirty- thirty-seven and one-half (37.5) hours pay for each nineteen hundred and fifty (1950) hours of continuous service or portion thereof since October 1, 1959, but not exceeding nine hundred and seventy-five (975) hours pay, at the regular rate of pay. 33.04 33.4 When an employee has a permanent disability and requests to retire, or when the Employer requires an employee to retire due to a permanent disability, and in the absence of mutual agreement, an Arbitration a Board of Doctors whose decision shall be final and binding on the parties to this Agreement, Agreement shall be constituted as follows: one doctor appointed by the Union; one doctor appointed by the Employer and one doctor selected by the two (2) so appointed, who shall be the Chairman. If the decision of the Board is that the employee has a permanent disability the said employee shall receive the accumulated retirement allowance to which she is entitled under this Article. The expense of this Board shall be paid for in accordance with Article 16the same manner as if it were an Arbitration Board. If the permanent disability of an employee has been established under the Worker's ’s Compensation Act or the Canada Pension Act, an Arbitration a further Board decision under this Article shall not be required. 33.05 33.5 A long-term employee of ten (10) years or more who is forced to discontinue employment for . .. reasons of ill health prior to reaching retirement age shall also be included in the above policy. The retirement allowance shall be computed on a pro rata basis effective October 1, 1959. 33.06 33.6 No retirement allowance shall be granted under this Section to an employee who is dismissed or resigns from the employ of the Employer. 33.07 The retirement allowance entitlement of a deceased employee shall 33.7 Retirement allowance, if uncollected by the employee, will be paid to the employee’s designated beneficiary or to his/her estate if no beneficiary has been designatedhis estate.