Retirement. On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to a maximum of thirty (30) weeks’ pay.
Appears in 8 contracts
Samples: Time Employees, Collective Agreement, Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s 's pay multiplied by the number of days completed of continuous employment (in the current year) divided by three hundred and sixty-five (365, ) to a maximum of thirty (30) weeks’ ' pay.
Appears in 8 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Retirement. On retirement, when an employee is entitled to retirement benefits under the Company’s pension plan or entitled to an immediate annuity or entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment and, service (in the case of a partial year of continuous employment, employment one (1) week’s pay multiplied by the number of days of continuous employment divided by three hundred and sixty-five (365) with the Company since November 1, to 1996 with a maximum benefit of thirty (30) weeks’ pay.
Appears in 6 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum benefit of thirty (30) weeks’ pay.
Appears in 6 contracts
Samples: Collective Agreement, Part Time Employees, Purpose of Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity under the Public Service Superannuation Act or is entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s week`s pay multiplied by the number of days of continuous employment divided by 365, to a maximum benefit of thirty (30) weeks’ ' pay.
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Retirement. (i) On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to a maximum of thirty (30) weeks’ pay.
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Retirement. (i) On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to a maximum of thirty (30) weeks’ pay.thirty
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment employment, and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum benefit of thirty (30) weeks’ pay.. (Effective until December 31, 2013)
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised compromised of one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to a maximum of thirty (30) weeks’ pay.
Appears in 4 contracts
Samples: pipsc.dsanywhere.com, pipsc.dsanywhere.com, Agreement
Retirement. (c) On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s 's complete period of continuous employment, comprised comprising of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s 's pay multiplied by the number of days of continuous employment divided by three hundred and sixty-five (365), to a maximum of thirty (30) weeks’ ' pay.
Appears in 3 contracts
Samples: negotech.service.canada.ca, negotech.service.canada.ca, sp.ltc.gov.on.ca
Retirement. On retirement, when an a continuing employee is entitled to an immediate annuity or to an immediate annual allowance under the terms of the Public Service Superannuation Act, a severance payment in respect of or is entitled to an annual allowance under the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employmentsame Act, one (1) week’s 's pay multiplied by the number of days for each year of continuous employment divided by 365, to service with a maximum benefit of thirty (3028) weeks’ pay.
Appears in 2 contracts
Samples: Collective Agreement, Letter of Agreement
Retirement. i) On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s 's complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s 's pay multiplied by the number of days of continuous employment divided by 365, to a maximum of thirty (30) weeks’ ' pay.
Appears in 2 contracts
Retirement. On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by three hundred sixty-five (365), to a maximum of thirty (30) weeks’ week’s pay.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity or entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum benefit of thirty (30) weeks’ pay.
Appears in 2 contracts
Samples: negotech.labour.gc.ca, negotech.labour.gc.ca
Retirement. (d) On retirement, when an employee is entitled to an immediate annuity under the Public Service Superannuation Act or when the employee is entitled to an immediate annual allowance allowance, under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum benefit of thirty (30) weeks’ ' pay.
Appears in 2 contracts
Samples: negotech.labour.gc.ca, negotech.labour.gc.ca
Retirement. On retirement, when where an employee is entitled to an immediate annuity or under the Public Service Superannuation Act is entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of employee shall receive one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to a maximum of thirty (30) weeks’ pay.one
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an a continuing employee is entitled to an immediate annuity or to an immediate annual allowance under the term of the Public Service Superannuation Act, a severance payment in respect of or is entitled to an annual allowance under the employee’s complete period of continuous employmentsame Act, comprised of one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to service with a maximum of thirty twenty-eight (3028) weeks’ pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity under the Public Service Superannuation Act or is entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to a maximum benefit of thirty (30) weeks’ ' pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an employee is i s entitled to an immediate annuity under the Public Service Superannuation Act or i s entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum benefit of thirty (30) weeks’ ' pay.
Appears in 1 contract
Samples: Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity under the Public Service SuperannuationAct or when the employee is entitled to an immediate annual allowance allowance, under the Public Service Superannuation Act, a severance payment in respect of the employee’s 's complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s 's pay multiplied by the number of days of continuous employment divided by 365, three hundred sixty-five to a maximum of thirty (30) weeks’ ' pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity under the Public Service Superannuation Act or when the employee is entitled to an immediate annual allowance allowance, under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum of thirty (30) weeks’ weeks pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity under the Public Service Superannuation Act or is entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s weeks pay multiplied by the number of days of continuous employment divided by 365, to a maximum benefit of thirty (30) weeks’ ' pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity under the Public Service Superannuation Act or when the employee entitled to an immediate annual allowance allowance, under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum of thirty (30) weeks’ weeks pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity under the Public Service Superannuation Act or is entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s week`s pay for each complete completed year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s week`s pay multiplied by the number of days of continuous employment divided by 365, to a maximum benefit of thirty (30) weeks’ payweeks`pay.
Appears in 1 contract
Samples: pipsc.dsanywhere.com
Retirement. On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, three hundred five to a maximum of thirty (30) weeks’ pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an a employee is entitled to an immediate annuity or to an immediate annual allowance under the terms of the Public Service Superannuation Act, a severance payment in respect of or is entitled to an annual allowance under the employee’s complete period of continuous employmentsame Act, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to service with a maximum benefit of thirty twenty-eight (30) weeks’ pay28)weeks.
Appears in 1 contract
Samples: Letter of Agreement
Retirement. On retirement, when an a continuing employee is entitled to an immediate annuity or to an immediate annual allowance under the terms of the Public Service Superannuation Act, a severance payment in respect of or is entitled to an annual allowance under the employee’s complete period of continuous employmentsame Act, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to service with a maximum benefit of thirty twenty-eight (3028) weeks’ pay.
Appears in 1 contract
Samples: Letter of Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity under the Public Service SuperannuationAct or is entitled to an immediate annual allowance under the Public Service Superannuation ActSuperannuationAct, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay week’spay for each complete year of continuous employment continuousemployment and, in the case of a partial year of continuous employmentcontinuousemployment, one (1) week’s week‘s pay multiplied by the number of days of continuous employment continuousemployment divided by 365, to a maximum benefit of thirty (30) weeks’ payweeks’pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment employment, and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum benefit of thirty (30) weeks’ pay.. (Effective until December 31, 2013)
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an a continuing employee is entitled to an immediate annuity or to an immediate annual allowance under the of the Public Service Superannuation Act, a severance payment in respect of or is entitled to an annual allowance under the employee’s complete period of continuous employmentsame Act, comprised of one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to service with a maximum of thirty twenty-eight (3028) weeks’ pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity under the Public Service Superannuation Act or when the employee entitled to an immediate annual allowance allowance, under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum benefit of thirty (30) weeks’ ' pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity under the Public Service Superannuation Act or when he is entitled to an immediate annual allowance allowance, under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum benefit of thirty (30) weeks’ pay.. (Effective until July 1, 2013)
Appears in 1 contract
Samples: negotheque.travail.gc.ca
Retirement. On retirement, when an employee is entitled to an immediate annuity under the Public Service Superannuation Act or is entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to a maximum of thirty (30) weeks’ pay.one
Appears in 1 contract
Samples: pipsc.dsanywhere.com
Retirement. On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment employment, and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum benefit of thirty (30) weeks’ pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an employee is i s entitled to an immediate annuity or entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum benefit of thirty (30) twenty- eight weeks’ ' pay.
Appears in 1 contract
Samples: negotech.labour.gc.ca
Retirement. (i) On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to a maximum of thirty (30) weeks’ pay.
Appears in 1 contract
Samples: www.collectionscanada.gc.ca
Retirement. On X0.00 Xx retirement, when an employee who is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of Act shall receive one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to a maximum of thirty (30) weeks’ 30 week’s pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when where an employee is entitled to an immediate annuity or under the Public Service Superannuation Act and/or is entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of employee shall receive one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to a maximum of thirty (30) weeks’ pay.one
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity under the Public Service Superannuation Act or when the employee is entitled to an immediate annual allowance allowance, under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum benefit of thirty (30) weeks’ ' pay.. (Effective until April 15, 2013)
Appears in 1 contract
Samples: negotech.labour.gc.ca
Retirement. On retirement, when an employee is entitled to an immediate annuity or when he has attained age of (55) years and is entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum benefit of thirty (3029) weeks’ pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity under the Public Service Superannuation Act or when he is entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum benefit of thirty (30) weeks’ pay.
Appears in 1 contract
Samples: oaresource.library.carleton.ca
Retirement. On retirement, when an employee is entitled to an immediate annuity under the Public Service Superannuation Act or is entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s week`s pay multiplied by the number of days of continuous employment divided by 365, to a maximum benefit of thirty (30) weeks’ pay.thirty
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an a continuing employee is entitled to an immediate annuity or to an immediate annual allowance under the term of the Public Service Superannuation Act, a severance payment in respect of or is entitled to an annual allowance under the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment and, in the case of a partial year of continuous employmentsame Act, one (1) week’s 's pay multiplied by the number of days for each year of continuous employment divided by 365, to service with a maximum of thirty twenty-eight (3028) weeks’ pay.
Appears in 1 contract
Samples: negotech.labour.gc.ca
Retirement. On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s 's pay multiplied by the number of days of continuous employment divided by 365, to a maximum of thirty (30) weeks’ pay.week's
Appears in 1 contract
Samples: Collectiv E Agreement
Retirement. On retirement, when where an employee is entitled to an immediate annuity or under the Public Service Superannuation Act is entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of employee shall receive one (1) week’s weeks’ pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s weeks’ pay multiplied by the number of days of continuous employment divided by 365, to a maximum of thirty to (30) weeks’ pay.. Death ! If an employee dies, there shall be paid to the employee’s estate one
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to with a maximum benefit of thirty (30) weeks’ pay.
Appears in 1 contract
Samples: Part Time Employees
Retirement. On retirement, when an employee is entitled to retirement benefits under the Company’s pension plan or entitled to an immediate annuity or entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment and, service (in the case of a partial year of continuous employment, employment one (1I) week’s pay multiplied by the number of days of continuous employment divided by three hundred and sixty-five (365, to ) with the Company since November with a maximum benefit of thirty (30) weeks’ pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when where an employee is entitled to an immediate annuity or under the Public Service Superannuation Act and/or is entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of employee shall receive one (1) week’s weeks’ pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to a maximum of to thirty (30) weeks’ pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s pay for each complete year of continuous employment employment, and, in the case of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days of continuous employment divided by 365, to a maximum of thirty (30) weeks’ pay.one
Appears in 1 contract
Samples: negotech.labour.gc.ca
Retirement. On retirement, when an employee is entitled to an immediate annuity or to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment employment, and, in the case of a partial year of continuous employment, one (1) week’s 's pay multiplied by the number of days of continuous employment divided by 365, to with a maximum benefit of thirty (30) weeks’ ' pay.
Appears in 1 contract
Samples: Collective Agreement
Retirement. On retirement, when an employee is full-time employees are entitled to an immediate annuity under the Public Service Superannuation Act or are entitled to an immediate annual allowance under the Public Service Superannuation Act, a severance payment in respect of the employee’s complete period of continuous employment, comprised of one (1) week’s 's pay for each complete year of continuous employment andservice with a maximum benefit of twenty-eight (28) weeks shall be paid to the employee immediately. Regardless of any other benefit payable, in if full-time employees die, there will be paid to their estate an amount equal to the case product obtained by multiplyingtheir weekly rate of a partial year of continuous employment, one (1) week’s pay multiplied by the number of days completed years of continuous employment divided by 365, service to a maximum of thirty (30) weeks’ pay.twenty-eight
Appears in 1 contract
Samples: negotech.labour.gc.ca