RETIREMENT GRATUITY PLAN. 5.3.2.1 Upon retirement from the teaching profession after five (5) or more years' continuous service with the Board, a Teacher shall be entitled to a Retirement Gratuity based on the following:
RETIREMENT GRATUITY PLAN. Retirement Gratuities were frozen as of August 31, 2012. A 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 Teacher had accumulated and was eligible to receive as of that day. The following language applies only to those teachers eligible for the gratuity above: 13.00.00 – Eligibility
RETIREMENT GRATUITY PLAN. 12.01 A teacher with a minimum of ten (10) consecutive years of service as a teacher with the Board or a predecessor thereof, to the date of retirement shall be granted a gratuity based on the accumulated yearly credits and the highest annual salary during the five (5) years prior to retirement.
RETIREMENT GRATUITY PLAN. 1. (a) A regular employee with a minimum of ten (10) years' service retiring at normal or earlier retirement date shall be granted a gratuity based on the employee's sick leave reserve, years of service, and salary at retirement according to the following schedule: Years of Service Maximum Gratuity
RETIREMENT GRATUITY PLAN. 28.1 As permitted by, and subject to the requirements of the Education Act, a Cumulative Sick Leave and Retirement Gratuity Plan is authorized for the benefit of all regular Teacher employees of the Board.
RETIREMENT GRATUITY PLAN. 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. The following language applies only to those employees eligible for the gratuity above:
RETIREMENT GRATUITY PLAN. 13.00.00 – Eligibility 13.01.00 A Teacher must have completed both a minimum of ten (10) years of continuous service and the equivalent of ten (10) years teaching experience with the Halton District School Board immediately preceding the Teacher’s retirement to become eligible for a retirement gratuity. The Halton District School Board includes all former school boards which constituted the Halton County Board of Education on January 1, 1969, and the Halton Board of Education. A Teacher who was formerly employed by the Halton District School Board in the elementary panel and who was in receipt of a R.R.S.P. contribution upon completion of their probation as an elementary Teacher will have their final gratuity calculation under Article 13.02.02 reduced by the amount of the initial R.R.S.P. contribution made by the Halton District School Board. The Board will notify the Union of such Teachers at the time of hiring.
RETIREMENT GRATUITY PLAN. 14.01 Effective September 1, 1991, the Board instituted a Retirement Gratuity Plan.
RETIREMENT GRATUITY PLAN. Upon retirement from the teaching profession, after five (5) or more years’ continuous service with the Board, a Teacher shall be entitled to a Retirement Gratuity based on the following : A retiring Teacher is defined as a Teacher who ceases to be employed by the Board and who will immediately receive Teachers’ Pension Plan payments as a determinant qualifier the Teacher has permanently retired, or a Teacher who is retiring after being judged by a qualified medical practitioner at a date of cessation of employment to be physically or mentally incapable of earning a living as a Teacher. The Board shall pay, subject to the up to or one-half the Teacher’s final total annual salary, whichever is the lesser who has a sick leave accumulation of days to surrender and has taught for at least five (5) consecutive years with the Board and is retiring from the teaching profession. The number of years’ service with this Board required for maximum retirement gratuity shall be fifteen (15) years. If a Teacher who is retiring from the profession and has taught for five (5) continuous years or more with this Board and has less than days accumulated sick leave, the Teacher shall be paid proportionately. The following formula shall be used to calculate the amount of the gratuity: P x x which is less than or equal to Where G =the amount of gratuity N = the number of days of sick credit accumulated (maximum days) S = the final total annual at the time of retirement the number of years’ service with the Board (maximum years) the number of years’ service required for maximum Retirement gratuity Notwithstanding the above, in the calculation of a gratuity for a Teacher with at least ten years of service with the Board at the end of the school year, M shall be equal to the lesser of the number of years' service and In the event of death of any member of the staff, either before or after retirement but before receiving the benefits herein provided, such benefits shall lapse except in the event of a member of the staff leaving a spouse or legal dependants surviving; in such case, the benefits shall be paid to the spouse or legal dependants.
RETIREMENT GRATUITY PLAN. (a) A teacher with a minimum of ten (10) continuous years' service with the _ Board or a predecessor thereof, to the date of retirement shall be granted a gratuity based on the accumulated yearly credits and the highest annual salary during the five (5) years prior to retirement.
