RETIREMENT LEAVE / GRATUITY. ENTITLEMENTS (Aca&Gen) 7.9.1 The Employer will grant retiring employees a retirement gratuity after 10 years continuous service, and where the employee requests, the Employer may consider paying this entitlement as retiring leave. The Employer reserves the right to consider on their merits cases of other employees with less than 10 years’ service, but would normally expect the qualifying service to be continuous. 7.9.2 Service for the purpose of retirement leave/gratuity entitlement and calculation, means unbroken full- time or part-time employment with the Employer, together with service as an employee at the Wellington Polytechnic or the Palmerston North College of Education prior to their respective mergers with the Employer provided it is continuous with service with the Employer. Except that: (a) For academic staff only five years of service with the Wellington Polytechnic or the Palmerston North College of Education will be recognised for the purposes of entitlement to retirement leave/gratuity entitlements (b) For staff employed prior to 1 February 1999 by the Employer, service also includes any other service at other New Zealand Universities prior to joining the Employer as an employee, provided it is continuous with service with the Employer. (c) Retirement leave does not count as service; service for retirement leave purposes is to be reckoned up to and including the last day of work plus any annual or long-service leave due. (d) In determining the period of service, the Employer may deduct periods of leave without pay exceeding 3 months in total. 7.9.3 Part-time employees will have retirement gratuities or leave calculated on a pro-rata basis. 7.9.4 On the death of an employee the Employer may approve a cash grant in lieu of retiring leave to the surviving partner, or, if there is no surviving partner, to any dependent. 7.9.5 Retirement leave commences from the working day following the last day of duty. Where annual leave or long service leave is due, the retirement leave commences from the working day following expiry of such leave. 7.9.6 Where a person’s service has already been counted for a previous entitlement to retirement leave (whether with the Employer or any other employer), that service shall not be included in calculations for any further retirement leave or gratuity entitlement. ACADEMIC STAFF (Aca) 7.9.7 For retiring members of the academic staff retirement leave or a gratuity is calculated normally on the basis of three months’ salary after 10 years continuous service, increasing by two weeks for every additional year of service with a maximum allowance equivalent to six months’ salary. 7.9.8 In special circumstances an early retirement gratuity of up to a maximum of six months salary may be negotiated. This gratuity would be in addition to any standard gratuity that may be payable under clause
Appears in 1 contract
Samples: Collective Employment Agreement
RETIREMENT LEAVE / GRATUITY. ENTITLEMENTS (Aca&Gen)
7.9.1 The Employer will grant retiring employees a retirement gratuity after 10 years continuous service, and where the employee requests, the Employer may consider paying this entitlement as retiring leave. The Employer reserves the right to consider on their merits cases of other employees with less than 10 years’ service, but would normally expect the qualifying service to be continuous.
7.9.2 Service for the purpose of retirement leave/gratuity entitlement and calculation, calculation means unbroken full- full-time or part-time employment with the Employer, together with service as an employee at the Wellington Polytechnic or the Palmerston North College of Education prior to their respective mergers with the Employer provided it is continuous with service with the Employer. Except that:
(a) For academic staff only five years of service with the Wellington Polytechnic or the Palmerston North College of Education will be recognised for the purposes of entitlement to retirement leave/gratuity entitlements
(b) For staff employed prior to 1 February 1999 by the Employer, service also includes any other service at other New Zealand Universities prior to joining the Employer as an employee, provided it is continuous with service with the Employer.
(c) Retirement leave does not count as service; service for retirement leave purposes is to be reckoned up to and including the last day of work plus any annual or long-service leave due.
(d) In determining the period of service, the Employer may deduct periods of leave without pay exceeding 3 months in total.
7.9.3 Part-time employees will have retirement gratuities or leave calculated on a pro-rata basis.
7.9.4 On the death of an employee the Employer may approve a cash grant in lieu of retiring leave gratuity to the surviving partner, or, if there is no surviving partner, to any dependentdeceased employee’s nominated bank account for payment of salary.
7.9.5 Retirement leave commences from the working day following the last day of duty. Where annual leave or long service leave is due, the retirement leave commences from the working day following expiry of such leave.
7.9.6 Where a person’s service has already been counted for a previous entitlement to retirement leave (whether with the Employer or any other employer), that service shall not be included in calculations for any further retirement leave or gratuity entitlement. ACADEMIC STAFF (Aca)
7.9.7 For retiring members of the academic staff retirement leave or a gratuity is calculated normally on the basis of three months’ salary after 10 years continuous service, increasing by two weeks for every additional year of service with a maximum allowance equivalent to six months’ salary.
7.9.8 In special circumstances an early retirement gratuity of up to a maximum of six months salary may be negotiated. This gratuity would be in addition to any standard gratuity that may be payable under clause
Appears in 1 contract
Samples: Collective Employment Agreement
RETIREMENT LEAVE / GRATUITY. ENTITLEMENTS (Aca&Gen)
7.9.1 The Employer will grant retiring employees a retirement gratuity after 10 years continuous service, and where the employee requests, the Employer may consider paying this entitlement as retiring leave. The Employer reserves the right to consider on their merits cases of other employees with less than 10 years’ service, but would normally expect the qualifying service to be continuous.
7.9.2 Service for the purpose of retirement leave/gratuity entitlement and calculation, calculation means unbroken full- full-time or part-time employment with the Employer, together with service as an employee at the Wellington Polytechnic or the Palmerston North College of Education prior to their respective mergers with the Employer provided it is continuous with service with the Employer. Except that:
(a) For academic staff only five years of service with the Wellington Polytechnic or the Palmerston North College of Education will be recognised for the purposes of entitlement to retirement leave/gratuity entitlements
(b) For staff employed prior to 1 February 1999 by the Employer, service also includes any other service at other New Zealand Universities prior to joining the Employer as an employee, provided it is continuous with service with the Employer.
(c) Retirement leave does not count as service; service for retirement leave purposes is to be reckoned up to and including the last day of work plus any annual or long-service leave due.
(d) In determining the period of service, the Employer may deduct periods of leave without pay exceeding 3 months in total.
7.9.3 Part-time employees will have retirement gratuities or leave calculated on a pro-rata basis.
7.9.4 On the death of an employee the Employer may approve a cash grant in lieu of retiring leave to the surviving partner, or, if there is no surviving partner, to any dependent.
7.9.5 Retirement leave commences from the working day following the last day of duty. Where annual leave or long service leave is due, the retirement leave commences from the working day following expiry of such leave.
7.9.6 Where a person’s service has already been counted for a previous entitlement to retirement leave (whether with the Employer or any other employer), that service shall not be included in calculations for any further retirement leave or gratuity entitlement. ACADEMIC STAFF (Aca)
7.9.7 For retiring members of the academic staff retirement leave or a gratuity is calculated normally on the basis of three months’ salary after 10 years continuous service, increasing by two weeks for every additional year of service with a maximum allowance equivalent to six months’ salary.
7.9.8 In special circumstances an early retirement gratuity of up to a maximum of six months salary may be negotiated. This gratuity would be in addition to any standard gratuity that may be payable under clause
Appears in 1 contract
Samples: Collective Employment Agreement
RETIREMENT LEAVE / GRATUITY. ENTITLEMENTS (Aca&Gen)
7.9.1 The Employer Your employer will grant you a retiring employees a retirement gratuity after 10 years continuous service, and where the employee requestsyou request, the Employer your employer may consider paying this entitlement as retiring leave. The Employer Your employer reserves the right to consider on their the merits cases of other employees the case of an employee with less than 10 years’ service, but would normally expect the qualifying service to be continuous.
7.9.2 Service for the purpose of retirement leave/gratuity entitlement and calculation, means unbroken full- time or part-time employment with the EmployerUniversity, together with service as an employee you may have at the Wellington Polytechnic or the Palmerston North College of Education prior to their respective mergers with the Employer University provided it is continuous with service with the Employeryour employer. Except thatExcept:
(a) For If you are an academic staff member, only five years of service with the Wellington Polytechnic or the Palmerston North College of Education will be recognised for the purposes of entitlement to retirement leave/gratuity entitlements
(b) For staff If you were employed prior to 1 February 1999 by the EmployerUniversity, service also includes any other service as an employee at other New Zealand Universities prior to joining the Employer as an employeeXxxxxx University, provided it all service is continuous with service with the Employercontinuous.
(c) Retirement leave does not count as service; service for retirement leave purposes is to be reckoned up to and including the last day of work plus any annual or long-service leave due.
(d) In determining the period of service, the Employer your employer may deduct periods of leave without pay exceeding 3 months in total.
7.9.3 PartIf you are a part-time employees employee you will have retirement gratuities or leave calculated on a pro-rata basis.
7.9.4 On the death of an employee the Employer Your employer may approve a cash grant in lieu of retiring leave to the your surviving partner, or, if there is no surviving partner, to any dependent, in the event of your death.
7.9.5 Retirement leave commences from the working day following the last day of duty. Where annual leave or long service leave is due, the retirement leave commences from the working day following expiry of such leave.
7.9.6 Where a person’s your service has already been counted for a previous entitlement to retirement leave (whether with the Employer University or any other employer), that service shall not be included in calculations for any further retirement leave or gratuity entitlement. ACADEMIC STAFF (Aca)STAFF
7.9.7 For If you are a retiring members member of the academic staff staff, your retirement leave or a gratuity is calculated normally on the basis of three months’ salary after 10 years continuous service, increasing by two weeks for every additional year of service with a maximum allowance equivalent to six months’ salary.
7.9.8 In special circumstances an early retirement gratuity of up to a maximum of six months salary may be negotiated. This gratuity would be in addition to any standard gratuity that may be payable under clause
Appears in 1 contract
Samples: Individual Employment Agreement
RETIREMENT LEAVE / GRATUITY. ENTITLEMENTS (Aca&Gen)
7.9.1 The Employer will grant retiring employees a retirement gratuity after 10 years continuous service, and where the employee requests, the Employer may consider paying this entitlement as retiring leave. The Employer reserves the right to consider on their merits cases of other employees with less than 10 years’ service, but would normally expect the qualifying service to be continuous.
7.9.2 Service for the purpose of retirement leave/gratuity entitlement and calculation, means unbroken full- time or part-time employment with the Employer, together with service as an employee at the Wellington Polytechnic or the Palmerston North College of Education prior to their respective mergers with the Employer provided it is continuous with service with the Employer. Except that:
(a) For academic staff only five years of service with the Wellington Polytechnic or the Palmerston North College of Education will be recognised for the purposes of entitlement to retirement leave/gratuity entitlements
(b) For staff employed prior to 1 February 1999 by the Employer, service also includes any other service at other New Zealand Universities prior to joining the Employer as an employee, provided it is continuous with service with the Employer.
(c) Retirement leave does not count as service; service for retirement leave purposes is to be reckoned up to and including the last day of work plus any annual or long-service leave due.
(d) In determining the period of service, the Employer may deduct periods of leave without pay exceeding 3 months in total.
7.9.3 Part-time employees will have retirement gratuities or leave calculated on a pro-rata basis.
7.9.4 On the death of an employee the Employer may approve a cash grant in lieu of retiring leave to the surviving partner, or, if there is no surviving partner, to any dependent.
7.9.5 Retirement leave commences from the working day following the last day of duty. Where annual leave or long service leave is due, the retirement leave commences from the working day following expiry of such leave.
7.9.6 Where a person’s service has already been counted for a previous entitlement to retirement leave (whether with the Employer or any other employer), that service shall not be included in calculations for any further retirement leave or gratuity entitlement. ACADEMIC STAFF (Aca)
7.9.7 For retiring members of the academic staff retirement leave or a gratuity is calculated normally on the basis of three months’ salary after 10 years continuous service, increasing by two weeks for every additional year of service with a maximum allowance equivalent to six months’ salary.
7.9.8 In special circumstances an early retirement gratuity of up to a maximum of six months salary may be negotiated. This gratuity would be in addition to any standard gratuity that may be payable under clause
Appears in 1 contract
Samples: Collective Employment Agreement
