Self-Funded Leave. 25.2.1 An employee may apply to participate in the self funded leave plan as permitted under the Income Tax Act (Canada) in order to defer pre-tax salary dollars to fund a leave of absence. The deferral period must be at least one (1) year and not more than four (4) years.
25.2.2 The funds being deferred will be held in a trust account with the financial institution the Employer selects, with interest being paid annually. The funds will be paid out to the employee on a monthly or lump sum basis during the leave of absence.
25.2.3 Notwithstanding Article 36.2
Self-Funded Leave. 30.1 An employee may apply to participate in the self funded leave plan as permitted under the Income Tax Act (Canada) in order to defer pre-tax salary dollars to fund a leave of absence. The deferral period must be at least one (1) year and not more than four (4) years.
30.2 The funds being deferred will be held in a trust account with the financial institution the Employer selects, with interest being paid annually. The funds will be paid out to the employee on a monthly or lump sum basis during the leave of absence.
30.3 Notwithstanding Article 32.5 (Coverage of LOA without pay), during the leave the employee's insured benefits will be continued where the employee continues to pay for his/her portion.
30.4 On return from the leave, an employee shall return to the position held immediately prior to going on leave and shall be paid at the relative position within the salary range that he/she had attained when the leave commenced. If the position no longer exists, the employee shall be assigned to a position at the same class and level.
30.5 Details of the self funded leave are contained in the information booklet described in Article 32.9.
Self-Funded Leave. The NAV CANADA Self Funded Leave Policy is applicable to members of ACFO. Requests for self-funded leave from ACFO members must be for a period of one year.
Self-Funded Leave. 33.01 Self-funded leave is an unpaid leave of absence for educational or sabbatical purposes financed by an employee through the personal deferral of income from previous years.
33.02 A self-funded leave of absence may be granted by the Board for purposes not addressed elsewhere in this Agreement for a period of either six or twelve months. It is understood that such leaves of absence will be for the purposes specified in 33.01 above.
33.03 All self-funded leaves of absence shall be without cost to the Board.
33.04 The Board will maintain all benefits to which the member is entitled pursuant to the provisions of this collective agreement; however, the member shall reimburse the Service for all costs for the maintenance of such benefits.
33.05 The member may make pension contributions for the leave of absence period in accordance with OMERS provisions.
33.06 A member shall not accumulate seniority while on a self-funded leave but upon return to work at the completion of said leave shall continue with the seniority as accumulated at the commencement of the leave and shall be eligible to receive all benefits for such seniority.
33.07 A self-funded leave of absence shall be granted subject to the exigencies of the Service.
33.08 A member returning to employment following a period of self-funded leave shall be reinstated to the position the employee held, if it still exists, or to a comparable position if it does not, at no less than the wages earned at the time the leave of absence began.
Self-Funded Leave. The Employer agrees to introduce a prepaid leave program, funded solely by the employee subject to the following terms and conditions:
(a) The plan is available to employees wishing to spread four (4) years' salary over a five (5) year period, in accordance with part LXVII of the Income Tax Regulations, Section 68:01, to enable them to take a leave of absence (following the four (4) years of salary deferral) for a period not less than six (6) months nor more than twelve (12) months.
(b) The employee must make written application to the employee's immediate Supervisor at least six (6) months prior to the intended commencement of the program (i.e. the salary deferral portion), stating the intended purpose of the leave.
(c) One employee from each of the groups of employees set out in Article 8.02, shall be permitted to be on prepaid leave at one time. The Employer and the employee shall agree on the date the program commences in order to calculate the five (5) year period.
(d) Written applications will be reviewed by the employee's Supervisor or the Supervisor's designate. Leaves requested for the purpose of pursuing further formal education related to the Employer's mandate, will be given priority. Applications for leaves requested for other purposes will be given the next level of priority on the basis of seniority.
(e) During the period of salary deferral, ten to twenty percent (10% to 20%) of the employee's gross annual earnings will be deducted and held for the employee and will not be accessible to the employee until the year of the leave of upon withdrawal from the plan. The amount of salary deferral will be dependent on the length of the leave of absence.
(f) The manner in which the deferred salary is held is at the discretion of the Employer.
(g) All deferred salary, plus accrued interest, if any, shall be paid to the employee at the commencement of the leave or in accordance with such other payment schedule as may be agreed upon between the Employer and the employee.
(h) All benefits shall be kept whole during the four (4) years of salary deferral. During the leave of absence, seniority will accumulate. Service for the purpose of vacation and salary progression and other benefits will be retained but not accumulated during the period of leave. The employee shall become responsible for the full payment of premiums for any health and welfare benefits in which the employee is participating. Contributions to O.M.E.R.S. will be in accordance with the pla...
Self-Funded Leave. 22.01 An employee may apply to participate in the self-funded leave plan as permitted under the Income Tax Act (Canada) in order to defer pre-tax salary dollars to fund a leave of absence. The deferral period must be at least one (1) year and not more than four (4) years.
22.02 The funds being deferred will be held in a trust account with the financial institution the Employer selects, with interest being paid annually. The funds will be paid out to the employee on a bi-weekly or lump sum basis during the leave of absence.
22.03 During the leave the employee’s insured benefits will be continued where the employee continues to pay for their portion.
22.04 Subject to 22.05, an employee shall return to the position held immediately prior to going on leave and shall be paid at the step in the salary range that the employee had attained when the leave commenced. If the position no longer exists the employee shall, if possible, be assigned to a position at the same classification and level, in the same work location. If such a position cannot be found, the layoff and recall provisions of the Agreement shall apply to the employee upon their return from leave.
22.05 Notwithstanding 22.04, where the layoff and recall provisions have application during the period of the leave, they shall apply to the employee in the same manner as if the employee were not on leave. In such circumstances, any notice to be given to the employee may be given to an officer of the Union.
Self-Funded Leave. As per Appendix D.
Self-Funded Leave. Employees shall be able to arrange a pre-determined and approved leave of absence for up to twelve (12) months’ duration. The leave of absence will be funded by regular payroll deduction to their bank account, which may be then used to fund the leave.
Self-Funded Leave. Sabbatical Leave – Employees may apply to take a sabbat ical in accordance w ith the City policy.
Self-Funded Leave. 23.01 The terms and conditions of self-funded leave are found in the Employer's Self- funded Leave Policy. At the Employer's discretion, the Self-Funded Policy may be amended at any time as determined by the Employer, and notification of such amendments will be forwarded to the Union. The Self-Funded Leave Policy shall not be considered as incorporated into this Agreement by reference or by necessary intendment.
