Common use of Retirement Gratuity Clause in Contracts

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.