Common use of Retirement Leave Clause in Contracts

Retirement Leave. An Employee scheduled to retire and to receive a superannuation allowance under the Public Sector Pension Plans Act, shall be entitled to: 9.11.1 a special leave for a period equivalent to forty percent (40%) of accumulated sick leave credit, to be taken immediately prior to retirement, or 9.11.2 a special cash payment of an amount equivalent to the cash value of the forty percent (40%) of accumulated sick leave credit, to be paid immediately prior to retirement and based upon the Employee's current rate of pay calculated as in Article 9.2.4. 9.11.3 Where an Employee has selected to take a special leave under Article 9.11.1, and in order to facilitate retirement at the end of a month so that pension eligibility commences at the beginning of the following month, the excess converted sick leave days may be paid out as a special cash payment in accordance with Article 9.

Retirement Leave. An Employee scheduled to retire and to receive receive, or already receiving a superannuation allowance under the Public Sector Pension Plans Act, shall be entitled to: 9.11.1 9.12.1 a special leave for a period equivalent to forty percent (40%) % of accumulated sick leave credit, to be taken immediately prior to retirement, or 9.11.2 9.12.2 a special cash payment of an amount equivalent to the cash value of the forty percent (40%) % of accumulated sick leave credit, to be paid immediately prior to retirement and based upon the Employee's current rate of pay calculated as in Article 9.2.4. 9.11.3 9.12.3 Where an Employee has selected to take a special leave under Article 9.11.1, and in order to facilitate retirement at the end of a month so that pension eligibility commences at the beginning of the following month, the excess converted sick leave days may be paid out as a special cash payment in accordance with Article 9.

Retirement Leave. An Employee scheduled to retire and to receive a superannuation allowance under the Public Sector Pension Plans Act, shall be entitled to: 9.11.1 a special leave for a period equivalent to forty percent (40%) of accumulated sick leave credit, to be taken immediately prior to retirement, or 9.11.2 a special cash payment of an amount equivalent to the cash value of the forty percent (40%) of accumulated sick leave credit, to be paid immediately prior to retirement and based upon the Employee's current rate of pay calculated as in Article 9.2.4. 9.11.3 Where an Employee has selected to take a special leave under Article 9.11.1, and in order to facilitate retirement at the end of a month so that pension eligibility commences at the beginning of the following month, the excess converted sick leave days may be paid out as a special cash payment in accordance with Article 9.Article