RETIREMENT PAYOUT. Upon resignation for the purposes of retirement and when a regular employee has fulfilled the retirement requirements under the Municipal Pension Plan said employee shall be paid the cash equivalent to his/her accumulated sick leave up to a maximum of sixty (60) days. The cash equivalent shall be at the rate of pay in effect immediately prior to retirement.
Appears in 7 contracts
Samples: Collective Agreement, Letter of Agreement, www.psea.bc.ca
RETIREMENT PAYOUT. Upon resignation for the purposes of retirement and when a regular employee has fulfilled the retirement requirements under the Municipal Pension Plan Plan. said employee shall be paid the cash equivalent to his/her accumulated sick leave up to a maximum of sixty (60) days. The cash equivalent shall be at the rate of pay in effect immediately prior to retirement.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
RETIREMENT PAYOUT. β Upon resignation for the purposes of retirement and when a regular employee has fulfilled the retirement requirements under the Municipal Pension Plan Plan, said employee shall be paid the cash equivalent to his/her their accumulated sick leave up to a maximum of sixty (60) days. The cash equivalent shall be at the rate of pay in effect immediately prior to retirement.
Appears in 1 contract
Samples: Collective Agreement
RETIREMENT PAYOUT. Upon resignation for the purposes of retirement and when a regular employee has fulfilled the retirement requirements under the Municipal Pension Plan Plan, said employee shall be paid the cash equivalent to his/her their accumulated sick leave up to a maximum of sixty (60) days. The cash equivalent shall be at the rate of pay in effect immediately prior to retirement.
Appears in 1 contract
Samples: Letter of Agreement
