Salary and Benefits - Year of Leave. 1) In the year of the leave the Board shall pay to the member the total of the deferred salary plus all accrued interest installments conforming to the regular pay periods and proportional amounts set forth in the Collective Agreement in effect for the year of leave or two lump sums as directed by the member before June 30 of the year of the leave. 2) The final payment will include any money remaining in the individual account. In the case of lump sum payments, the necessary deductions will be made in accordance with the requirements of Canada Revenue Agency and other regulatory bodies. 3) The Board shall deduct the amounts required for Income Tax, Unemployment Insurance, Canada Pension, APSSP dues, and other statutory deductions and any benefits in the Collective Agreement. 4) Following the leave, it will be the member's responsibility to pay the full costs (employee and employer amounts) on any eligible service buy-back amount to the OMERS Pension Plan in accordance with the Regulation of that Fund for the period of leave. 5) Workplace Safety Insurance premiums and benefits will not apply during the year of the leave. 6) Group Life Insurance, Dismemberment Insurance, Extended Health Care Plan and Dental Plan benefits will be available during the member's leave of absence. One hundred percent (100%) of the total premium cost during the leave will be paid by the member. 7) The member shall not be entitled to the accumulation or utilization of sick leave credits during the year of absence. On return from leave, however, the member shall be entitled to any unused sick leave credits accumulated prior to taking such a leave. 8) Seniority shall be credited at the end of the leave as if the member were employed in the former position during the year of leave. 9) For employees participating in this program it is understood that there will be no eligible service credit accumulation for the period of the leave as it relates to advancement on the salary grid.
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Samples: Collective Agreement, Collective Agreement, Collective Agreement
Salary and Benefits - Year of Leave. 1) In the year of the leave the Board shall pay to the member the total of the deferred salary plus all accrued interest installments conforming to the regular pay periods and proportional amounts set forth in the Collective Agreement in effect for the year of leave or two lump sums xxxx as directed by the member before June 30 of the year of the leave.
2) The final payment will include any money remaining in the individual account. In the case of lump sum payments, the necessary deductions will be made in accordance with the requirements of Canada Revenue Agency and other regulatory bodies.
3) The Board shall deduct the amounts required for Income Tax, Unemployment Insurance, Canada Pension, APSSP dues, and other statutory deductions and any benefits in the Collective Agreement.
4) Following the leave, it will be the member's responsibility to pay the full costs (employee and employer amounts) on any eligible service buy-back amount to the OMERS Pension Plan in accordance with the Regulation of that Fund for the period of leave.
5) Workplace Safety Insurance premiums and benefits will not apply during the year of the leave.
6) Group Life Insurance, Dismemberment Insurance, Extended Health Care Plan and Dental Plan benefits will be available during the member's leave of absence. One hundred percent (100%) of the total premium cost during the leave will be paid by the member.
7) The member shall not be entitled to the accumulation or utilization of sick leave credits during the year of absence. On return from leave, however, the member shall be entitled to any unused sick leave credits accumulated prior to taking such a leave.
8) Seniority shall be credited at the end of the leave as if the member were employed in the former position during the year of leave.
9) For employees participating in this program it is understood that there will be no eligible service credit accumulation for the period of the leave as it relates to advancement on the salary grid.
Appears in 1 contract
Samples: Collective Agreement
Salary and Benefits - Year of Leave. 1The of the leave must commence no later than six (6) years after the deferral commences. In the year of the leave the Board shall pay to the member Member the total of the deferred salary plus all any remaining untaxed accrued interest installments conforming interest. In accordance with Canada Customs and Review Agency Regulations, currently, the following methods of payment are available to the regular pay periods and proportional amounts set forth in the Collective Agreement in effect for the Member: Full-year of leave Leave: Twenty-six (26) equal payments or two lump sums as directed by the member before June 30 of the year of the leave.
(2) The final payment will include any money remaining in the individual account. In the case of lump sum payments, payments at the necessary deductions will be made first pay date in accordance with September and January; Semester Leave: Thirteen (13) equal payments or two (2) lump sum payments at the requirements of Canada Revenue Agency first pay date in September and other regulatory bodies.
January; Semester Leave: Thirteen (1 3) equal payments or one (1) lump sum payment at the first pay in February. The Board shall deduct the amounts required for Income Tax, Unemployment Insurance, Canada Pension, APSSP duesTeachers’ Pension Plan, and other any statutory deductions and any benefits in benefits. The amount deducted for the Collective Agreement.
4) Following the leave, it Member’s pension will be controlled by rulings as received from the member's responsibility to pay the full costs (employee and employer amounts) on any eligible service buy-back amount to the OMERS Teachers’ Pension Plan in accordance with the Regulation of that Fund for the period of leave.
5) Workplace Safety Insurance premiums Board and benefits will not apply during the year of the leave.
6) Customs and Revenue Agency. Group Life Insurance, Dismemberment InsuranceAccidental Death and Dismemberment, Extended Supplemental Health Care Plan Plan, and Dental Plan benefits will be available kept in force by the Board during the member's Member’s leave of absence. One hundred percent (100%) of ; however, the total premium cost costs during the leave will be paid by the member.
7) Member. Xxxx leave credits will not accumulate during the yearhemester of the leave. While on leave, any benefits tied to salary level shall be structured according to the salary the Member would have received in the year prior to the of leave had the Member not been enrolled in the Plan. The member Member shall not be entitled to employed in any capacity by the accumulation or utilization of sick leave credits Waterloo Region District School Board during the year yearhemester of absenceleave. On return from leave, however, the member shall be entitled to any unused sick leave credits accumulated Member is guaranteed the position held prior to taking such a leave.
8) Seniority shall be credited at the end commencement of the leave as if subject to the member were employed in provisions of The Member must return to their teaching position with the former position during Board for a period of time not less than the year duration of the deferred salary leave.
9) For employees participating in this program it is understood that there . On return to duty, the Member will be no eligible service credit accumulation for the period of the leave as it relates to advancement placed on the salary gridgrid at the same position as the Member would have been at the commencement of the leave.
Appears in 1 contract
Samples: Collective Agreement