Retirement Gratuity. Those employees who, on August 31, 2012, were eligible for a retirement gratuity shall have their accumulated sick days vested as of that date, up to the maximum eligible under the retirement gratuity plan.
Retirement Gratuity. (i) An employee upon retirement or death shall be entitled to a gratuity based on the unexpended portion of the employee's sick leave credit (less any accumulated credits which have been used for leave purposes) in accordance with the following:
(a) the employee's normal weekly salary at the time of retirement or death shall be divided by 5. The result shall be multiplied by the number of unused accumulated days of sick leave times the applicable of the following percentages: Year of Service Percentage of Leave Credits
1 1 3 3 4 4 5 5 6 6 7 7 8 8 9 9 10 10 11 12 12 14 13 16 14 18 15 21 16 24 17 27 18 30 19 33 20 36 21 39 22 42 23 45 24 48 25 50 but in no circumstances shall such gratuity exceed 50% of the employee's annual rate of salary at the date of such retirement or death;
(b) the said gratuity shall be payable:
A. upon the death of an employee to the beneficiary named in the employee's life insurance policy with the Board, and
B. upon the retirement at age 55 years or more of an employee on an OMERS pension to such employee;
(c) employees on staff as of June 30, 1969, may have their sick leave accumulated and their retirement gratuity calculated on the plan in force on June 30, 1969;
(d) no employee shall be entitled to more than an amount equal to the employee's salary, wages or other remuneration for one-half the number of days standing to the employee's credit and in any event not in excess of the amount of one-half year's earnings at the rate received by the employee immediately prior to termination of employment (ref. The Education Act and the Municipal Act);
(i) the computation of the gratuity shall be based only on sick leave accumulated in service with this Board.
(ii) the retirement gratuity shall be paid in one amount on the first of the month following termination of employment, according to the option of the employee.
(iii) In the event of the death of an employee, the retirement gratuity calculated on the cumulative sick leave credits at the time of death shall be paid to the beneficiary named in the employee's Group Life Insurance Policy.
(iv) The Board shall have the right at all times to withhold payment of a gratuity to a person discharged for reasons which the Board may deem to have moral or legal implications.
Retirement Gratuity. No employee will be entitled to more than one retirement gratuity from the Board.
Retirement Gratuity. An employee who reaches retirement age and retires in accordance with the Pension (Municipal) Act and has completed ten (10) years or more continuous service shall be granted one (1) month’s extra pay and, if an employee has not taken vacation for the current year, the employee shall be paid in lieu of such vacation in accordance with Article 21.06.
Retirement Gratuity. Retirement Gratuities were frozen as of August 31, 2012. An Employee is not eligible to receive a sick leave credit gratuity or any non-sick leave credit retirement gratuity (such as, but not limited to, service gratuities or RRSP contributions) after August 31, 2012, except a sick leave credit gratuity that the Employee had accumulated and was eligible to receive as of that day.
02.01 A Member/Employee who meets the requirements below will qualify for a Retirement Gratuity based on the number of accumulated sick leave days and the number of years of service in accordance with the following formula: G = [Y / 20] X [N / 200] X [S / 2] Where: G = value of gratuity Y = number of years of service with the Near North District School Board and its predecessor Boards (maximum of 20) N = number of accumulative sick leave days earned with the Near North District School Board and its predecessor Boards (maximum of 200) S = annual salary
02.02 The retirement allowance may not exceed 50% of the annual salary at the time of retirement.
02.03 To qualify for a gratuity, a Member/Employee must have a minimum of twelve (12) years of service with the Board and be eligible for a pension and be at least fifty (50) years of age.
02.04 Payment of the Retirement Gratuity shall be made on the following basis: Notice of retirement must be received by April 30, in order to receive retirement gratuity in September or such other date as the Member/Employee requests provided it is in the next budget year (budget year September to August 31).
02.05 If retirement notice is not received prior to April 30, the gratuity payment will be postponed for 17 months following receipt of notice.
Retirement Gratuity. 35:01 Upon a member of the Fire Department reaching 50 years of age and being retired in accordance with the Public Services Pension Act the Employer shall grant him a gratuity equal to his pay for:
(a) One month, plus
(b) Period equal to fifty percent (50%) of any accrued sick leave to his credit.
35:02 In the event that a member of the Fire Department dies while employed by the District of Saanich, having reached fifty (50) years of age, his estate or named beneficiary shall be paid the full gratuity as defined in Article 35:01 and such payment shall not preclude a member or his estate’s eligibility to the Death and Disability Supplement as defined in Article 32.
35:03 The gratuity referred to in Article 35:01 shall be paid at the basic rate of pay of the employee at the time of retirement.
35:04 In this Article “accrued sick leave” means the right to sick leave accumulated in accordance with Article 25 to a maximum of twenty-six (26) calendar weeks and does not include any claim to additional sick leave granted only upon recommendation of the Medical Health Officer or to payment out of the Sick Leave Bank provided in that Article.
Retirement Gratuity. The year of leave shall not be calculated in the determination of any retirement gratuity.
Retirement Gratuity. Existing collective agreement clauses dealing with Retirement and Service Gratuity from predecessor Board areas will be grand-parented for members employed in those geographical areas on June 30, 1998. An individual letter will be placed in each member’s file.
Retirement Gratuity. Upon proof of retirement to a teacher’s pension, a teacher with ten (10) or more years of continuous service with this Board shall be entitled to retirement gratuity. Dismissal for cause will not entitle an employee to retirement gratuity.
Retirement Gratuity. Retirement Gratuities were frozen as of August 31, 2012. An Elementary Teacher is not eligible to receive a sick leave credit gratuity or any non-sick leave credit retirement gratuity (such as, but not limited to, service gratuities or RRSP contributions) after August 31, 2012, except a sick leave credit gratuity that the Employee had accumulated and was eligible to receive as of that day. The following language applies only to those employees eligible for the gratuity above:
(a) An eligible employee who retired from the teaching profession while in the employ of the Board shall receive a gratuity based on the number of years continuous and unbroken employment with the Renfrew County District School Board and its predecessors AND on the number of days, likewise accumulated in continuous and unbroken employment with the Renfrew County District School Board and its predecessors, which remain in the employee's sick leave account at the time of retirement. For gratuity purposes a teacher may accumulate two hundred thirty (230) days; however, the gratuity is based on a maximum of two hundred (200) days. A teacher is eligible for a retirement gratuity when the teacher has completed a minimum of ten (10) years continuous employment with the Board or its predecessors and submits proof to the Human Resources Department within three (3) months after leaving the Board's employ that a pension from the Teachers' Pension Board is being received.
(b) The percentage of salary used in the gratuity formula shall be 4% times the number (N) of years of continuous and unbroken employment with the Renfrew County District School Board and its predecessors within the County. In no case may a retirement gratuity exceed 50% of the best year's salary.
(c) The formula or scale for determining the amount of gratuity shall be as follows: [ (days* accumulated to a maximum of 200) X 4N%* (to a maximum of 50% of the best year's salary)] divided by 200 *Both figures apply to the period of continuous and unbroken employment with the Renfrew County District School Board and its predecessor boards within the County.
(d) This gratuity may be paid in a lump sum or over not more than a three (3) year period and at a time or times mutually agreeable.
(e) In the event of the death of an employee prior to cessation of employment, a retirement gratuity based on accumulated sick leave and length of employment at the time of death shall be paid to the employee's beneficiary. If the employee has not na...
