SICK LEAVE CREDIT PAYMENT. 36.01 A Teacher having not less than five (5) consecutive years of contracted service with the Hastings and Xxxxxx Xxxxxx District School Board and its predecessors, immediately preceding cessation of employment, and who ceases to be employed by the Board because of age or who for reasons of ill health acceptable to the Board and who, upon retirement, is entitled to a pension under the Teachers Pension Act shall be eligible to receive a sick leave credit payment based on the following formula:
SICK LEAVE CREDIT PAYMENT. From Part A of Appendix A - “Retirement Gratuities were frozen as of August 31, 2012. A Teacher is not eligible to receive a sick leave credit gratuity or any non-sick leave credit retirement gratuity (such as, but not limited to, service gratuities or RRSP contributions) after August 31, 2012, except a sick leave credit gratuity that the Teacher had accumulated and was eligible to receive as of that day.
SICK LEAVE CREDIT PAYMENT. 11.01 The Employer shall pay to a Teacher, who has not fewer than five (5) consecutive years of contracted service with the Hastings and Xxxxxx Xxxxxx District School Board, and who resigns for the purpose of retiring to a pension (including commuted value under the TPP Act) an amount equal to the Teacher’s rate of salary, wages or other remuneration for one-half the number of days standing to the Teacher’s credit in the Teacher’s accumulated sick leave credit account.
SICK LEAVE CREDIT PAYMENT. 11.01 The Employer shall pay to a Teacher who resigns for the purpose of retiring to a pension (including commuted value under the TPP Act) an amount equal to the Teacher’s rate of salary, wages or other remuneration for one-half the number of days standing to the Teacher’s credit in the Teacher’s accumulated sick leave credit account.
SICK LEAVE CREDIT PAYMENT. A Teacher having not less than five (5) consecutive years of contracted service with the Hastings and Xxxxxx Xxxxxx District School Board and its predecessors, immediately preceding cessation of employment, and who ceases to be employed by the Board because of age or who for reasons of ill health acceptable to the Board and who, upon retirement, is entitled to a pension under the Teachers Pension Act shall be eligible to receive a sick leave credit payment based on the following formula: = of s Where is the amount of sick leave credit payment; is the number of sick days accumulated with this Board or its predecessors, to a maximum of days; S is the employees’ grid placement plus applicable allowances at the time of retirement; N is the number of school years of service (full or part time, not pro-rated, even if the employee is currently working or has worked part time throughout their career) as recognized by this Board and its predecessor Boards to a maximum of years. For retiring Teachers receiving insurance benefits, the waiting period for insurance purposes shall not be subtracted from the number of cumulative sick days. A Teacher who has elected to work part-time as prescribed in The Education Act, Section shall be entitled to a sick leave credit payment as if the Teacher were full time. Where a Teacher is retired compulsorily from the Board’s service at the end of the school year in which the Teacher attains the age of years and where because of this the Teacher would not be able to complete the required minimum of five (5) consecutive years of contracted service with the Board, or for other reasons acceptable to the Board, the Director of Education may authorize the granting of a sick leave credit payment in accordance with the other conditions contained in this plan. In the case of the death of a Teacher prior to retirement, designated beneficiary if so named, or estate shall be entitled to a payment equal to the number of sick leave credits accumulated at the date of death to a maximum of one-half year’s earnings at the rate received by the Teacher immediately prior to death. Each Teacher will be asked to choose between designating the beneficiary or including the in the Teacher’s estate in school year, and subsequently upon initial hiring. This statement of beneficiary will form part of the annual Credits and Contribution Notes (see Section 10.01). The beneficiary may be revised at the written request of the Teacher.
