Teacher Funded Leave Plan. (a) The Board agrees to make leaves of absence available to enable teachers to participate in a plan whereby n years (or half years) of earned pay will be distributed over n + 1 consecutive years (or half years). Where a half year leave is requested, such request must be for the first half or the second half of a school year. Teacher funded leaves will be in accordance with the Income Tax Act, the Regulations thereunder, any applicable Revenue Canada rulings or legislation, Teacher's Pension Act requirements and any other legislation governing deferred salary leave plans. The period of salary deferral shall not exceed six (6) years. The leave period will be taken at the end of the salary deferral period. (b) The teacher will be required to return to the employ of the Board for at least a period that is not less than the period of the teacher's leave of absence, after completion of the plan, unless the plan is cancelled prior to the year of leave. (c) Written application for participation in the plan shall be submitted to the Director or designate no later than April 15 preceding the school year in which the teacher wishes to begin the plan. Written acceptance or rejection with reason(s) by the Director or designate shall be given to the teacher no later than May 30, in the year application is made. Such reasons for denial may include, but are in no way limited to, a situation where, in the opinion of the Director or designate, the program of the school or the system would be detrimentally affected by the leave. A standard written agreement between the Board and the teacher shall be completed by June 25. (d) The teacher shall have the right to request withdrawal from the plan in cases of financial or other hardship, as deemed acceptable under the governing legislation, up to March 1 immediately preceding the school year in which the leave is to be taken. Such request is subject to the approval of the Director or designate. However, in exceptional circumstances and with the approval of the Director or designate, a teacher may withdraw from the plan after March 1. (e) During the period of the leave, there shall be no sick leave coverage or accumulation. For leaves of one full school year, the teacher shall be responsible for the full premium costs for the period of absence in order to maintain participation and coverage under the group benefit plans. For leaves of less than one school year, the Board’s share of benefits will be in accordance with Article 20.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Teacher Funded Leave Plan. (a) The Board agrees to make leaves of absence available to enable teachers to participate in a plan whereby n years (or half years) of earned pay will be distributed over n + 1 consecutive years (or half years). Where a half year leave is requested, such request must be for the first half or the second half of a school year. Teacher funded leaves will be in accordance with the Income Tax Act, the Regulations thereunder, any applicable Revenue Canada rulings or legislation, Teacher's Pension Act requirements and any other legislation governing deferred salary leave plans. The period of salary deferral shall not exceed six (6) years. The leave period will be taken at the end of the salary deferral period.
(b) The teacher will be required to return to the employ of the Board for at least a period that is not less than the period of the teacher's leave of absence, after completion of the plan, unless the plan is cancelled prior to the year of leave.
(c) Written application for participation in the plan shall be submitted to the Director or designate no later than April 15 preceding the school year in which the teacher wishes to begin the plan. Written acceptance or rejection with reason(s) by the Director or designate shall be given to the teacher no later than May 30, in the year application is made. Such reasons for denial may include, but are in no way limited to, a situation where, in the opinion of the Director or designate, the program of the school or the system would be detrimentally affected by the leave. A standard written agreement between the Board and the teacher shall be completed by June 25.
(d) The teacher shall have the right to request withdrawal from the plan in cases of financial or other hardship, as deemed acceptable under the governing legislation, up to March 1 immediately preceding the school year in which the leave is to be taken. Such request is subject to the approval of the Director or designate. However, in exceptional circumstances and with the approval of the Director or designate, a teacher may withdraw from the plan after March 1.
(e) During the period of the leave, there shall be no sick leave coverage or accumulation. For leaves of one full school year, the teacher shall be responsible for the full premium costs for the period of absence in order to maintain participation and coverage under the group benefit plans. For leaves of less than one school year, the Board’s share of benefits will be in accordance with Article 20.group
Appears in 1 contract
Samples: Collective Agreement
Teacher Funded Leave Plan. (a) The parties agree to establish a Teacher-Funded Leave Plan through which a teacher may save money and use the savings to finance a year of leave during the final year of the chosen Plan. The plan will be operated in accordance with this Article.
b) Participation in the Plan may begin on September 1 of any year. The leave will begin on September 1 of the 3rd year of a three year plan, the 4th year of a 4 year plan or the 5th year of a 5 year plan.
c) Any teacher with three or more years of seniority with the Board agrees to make leaves of absence available to enable teachers may apply to participate in a plan whereby n years (or half years) of earned pay will be distributed over n + 1 consecutive years (or half years)the Plan. Where a half year leave is requestedThe application, such request in writing, must be for received by the first half Director by January 31 before participation would begin. The application shall include the teacher's estimate of the value of the leave to the system.
d) The Board will determine the number of applications which may be approved in any year.
e) The Board may accept or reject any application on the second half basis of a school yearthe Board's estimate of the effect of approval upon the system.
f) The Board will reply to any application by March 31 following receipt and will specify its reasons in cases of refusal. Teacher funded leaves will No leave shall be unreasonably denied.
g) Each teacher permitted to participate in the Plan shall enter into an Agreement with the Board. The Agreement shall contain the following terms: X = number of years worked Y = total years in the plan
1) In each of the years of the plan, the teacher shall be paid X / Y of the salary and allowances to which he/she would otherwise be entitled.
2) The remainder shall be retained by the Board and shall be accumulated with interest.
3) Income tax, E.I. and C.P.P. Deductions shall be calculated based only on X / Y earnings paid to the teacher. Pension Plan contributions and teacher benefit deductions shall be calculated on 100 per cent (100%) earnings in accordance with the Income Tax Act, the Regulations thereunder, any applicable Revenue Canada rulings or legislation, Teacher's Pension Act requirements and any other legislation governing deferred salary leave plans. The period of salary deferral shall not exceed six (6Plan.
4) years. The leave period will be taken at the end A statement of the salary deferral period.
(b) The teacher will be required to return to the employ status of the Board for at least a period that is not less than the period of the participating teacher's leave of absence, after completion of the plan, unless the plan is cancelled prior to the year of leave.
(c) Written application for participation in the plan shall be submitted to the Director or designate no later than April 15 preceding the school year in which the teacher wishes to begin the plan. Written acceptance or rejection with reason(s) by the Director or designate account shall be given to the teacher no later than May 30, in September of each year.
5) The leave will begin on September 1 of the final year of participation in the Plan. Subject to (6) below, on that date, the Board shall pay to the teacher the funds, with accumulated interest, less amounts withheld to cover the full cost of employee benefit plans, statutory and other necessary deductions.
6) At the request of the teacher received on or before the preceding July 1, the Board shall pay to the teacher on the first banking day in September, 40% of the accumulated funds and the remainder on the first banking day in January. Deductions will be pro-rated appropriately.
7) The Executive of the OECTA Local involved will, prior to the commencement of the leave, assure the Board that the teacher is fully aware of the implications which participation in the Plan will have on tax, pension and employee benefit plans.
8) During the leave, the teacher will retain his/her seniority but will not gain in experience for salary purposes. The teacher shall not be entitled to sick leave or have access to accumulated sick leave credit.
9) A teacher may withdraw from the Plan in the following circumstances:
a) at any time with the consent of the Board.
b) at the end of any year application provided the Board has not engaged a replacement.
c) at any time when the teacher's position with the Board is made. Such reasons terminated for denial may include, but are in no way limited toany reason.
10) If the Board is unable to find a replacement which the Board considers acceptable, a situation whereleave may be deferred for a maximum of two years. If an acceptable replacement is still not found, the teacher shall withdraw from the Plan.
11) If, in the opinion of the Director or designateBoard, the program good of the school or system requires it, any participating teacher may be required to withdraw from the system would Plan at any time.
12) Where a teacher withdraws from the Plan, all retained funds, with accumulated interest, shall be detrimentally affected by paid to the teacher within sixty days. If the teacher dies, the funds, with accumulated interest, shall be paid to the teacher's estate.
13) Subject to Article 3.06 in the Board-Teacher Agreement and in Board policies, upon return from a leave, in a position similar to that which the teacher held before the leave. A standard written agreement between the Board and the For a teacher who was in a position of responsibility, a similar position shall be completed by June 25any position which carried the same title.
(d14) The teacher shall have accept full responsibility for any problems which might arise, through participation in the right to request plan, with Revenue Canada, the Ontario Teacher Pension Plan Board or the carriers of any employee benefit plan.
15) At the time of withdrawal of funds from the plan in cases Plan, the Board will withhold $200 to cover administrative costs, unless the Board has withheld the leave.
16) The OECTA local shall reimburse the Board for any loss of financial or other hardship, as deemed acceptable under grant revenue which might result from the governing legislation, up to March 1 immediately preceding the school year in which the leave is to be taken. Such request is subject to the approval operation of the Director or designate. However, in exceptional circumstances and with the approval of the Director or designate, a teacher may withdraw from the plan after March 1Plan.
(e) During the period of the leave, there shall be no sick leave coverage or accumulation. For leaves of one full school year, the teacher shall be responsible for the full premium costs for the period of absence in order to maintain participation and coverage under the group benefit plans. For leaves of less than one school year, the Board’s share of benefits will be in accordance with Article 20.
Appears in 1 contract
Samples: Collective Agreement
Teacher Funded Leave Plan. (a) The parties agree to establish a Teacher-Funded Leave Plan through which a teacher may save money and use the savings to finance a year of leave during the final year of the chosen Plan. The plan will be operated in accordance with this Article.
b) Participation in the Plan may begin on September 1 of any year. The leave will begin on September 1 of the 3rd year of a three year plan, the 4th year of a 4 year plan or the 5th year of a 5 year plan.
c) Any teacher with three or more years of seniority with the Board agrees to make leaves of absence available to enable teachers may apply to participate in a plan whereby n years (or half years) of earned pay will be distributed over n + 1 consecutive years (or half years)the Plan. Where a half year leave is requestedThe application, such request in writing, must be for received by the first half Director by January 31 before participation would begin. The application shall include the teacher’s estimate of the value of the leave to the system.
d) The Board will determine the number of applications which may be approved in any year.
e) The Board may accept or reject any application on the second half basis of a school yearthe Board’s estimate of the effect of approval upon the system.
f) The Board will reply to any application by March 31 following receipt and will specify its reasons in cases of refusal. Teacher funded leaves will No leave shall be unreasonably denied.
g) Each teacher permitted to participate in the Plan shall enter into an Agreement with the Board. The Agreement shall contain the following terms: X = number of years worked Y = total years in the plan
1) In each of the years of the plan, the teacher shall be paid X / Y of the salary and allowances to which he/she would otherwise be entitled.
2) The remainder shall be retained by the Board and shall be accumulated with interest.
3) Income tax, E.I. and C.P.P. Deductions shall be calculated based only on X / Y earnings paid to the teacher. Pension Plan contributions and teacher benefit deductions shall be calculated on 100 per cent (100%) earnings in accordance with the Income Tax Act, the Regulations thereunder, any applicable Revenue Canada rulings or legislation, Teacher's Pension Act requirements and any other legislation governing deferred salary leave plans. The period of salary deferral shall not exceed six (6Plan.
4) years. The leave period will be taken at the end A statement of the salary deferral period.
(b) The teacher will be required to return to the employ status of the Board for at least a period that is not less than the period of the participating teacher's leave of absence, after completion of the plan, unless the plan is cancelled prior to the year of leave.
(c) Written application for participation in the plan shall be submitted to the Director or designate no later than April 15 preceding the school year in which the teacher wishes to begin the plan. Written acceptance or rejection with reason(s) by the Director or designate ’s account shall be given to the teacher no later than May 30, in September of each year.
5) The leave will begin on September 1 of the final year of participation in the Plan. Subject to (6) below, on that date, the Board shall pay to the teacher the funds, with accumulated interest, less amounts withheld to cover the full cost of employee benefit plans, statutory and other necessary deductions.
6) At the request of the teacher received on or before the preceding July 1, the Board shall pay to the teacher on the first banking day in September, 40% of the accumulated funds and the remainder on the first banking day in January. Deductions will be pro-rated appropriately.
7) The Executive of the OECTA Local involved will, prior to the commencement of the leave, assure the Board that the teacher is fully aware of the implications which participation in the Plan will have on tax, pension and employee benefit plans.
8) During the leave, the teacher will retain his/her seniority but will not gain in experience for salary purposes. The teacher shall not be entitled to sick leave or have access to accumulated sick leave credit.
9) A teacher may withdraw from the Plan in the following circumstances:
a) at any time with the consent of the Board.
b) at the end of any year application provided the Board has not engaged a replacement.
c) at any time when the teacher’s position with the Board is made. Such reasons terminated for denial may include, but are in no way limited toany reason.
10) If the Board is unable to find a replacement which the Board considers acceptable, a situation whereleave may be deferred for a maximum of two years. If an acceptable replacement is still not found, the teacher shall withdraw from the Plan.
11) If, in the opinion of the Director or designateBoard, the program good of the school or system requires it, any participating teacher may be required to withdraw from the system would Plan at any time.
12) Where a teacher withdraws from the Plan, all retained funds, with accumulated interest, shall be detrimentally affected by paid to the teacher within sixty days. If the teacher dies, the funds, with accumulated interest, shall be paid to the teacher’s estate.
13) Subject to Article 3.06 in the Board-Teacher Agreement and in Board policies, upon return from a leave, a teacher shall be placed in a position similar to that which the teacher held before the leave. A standard written agreement between the Board and the For a teacher who was in a position of responsibility, a similar position shall be completed by June 25any position which carried the same title.
(d14) The teacher shall have accept full responsibility for any problems which might arise, through participation in the right to request plan, with Revenue Canada, the Ontario Teacher Pension Plan Board or the carriers of any employee benefit plan.
15) At the time of withdrawal of funds from the plan in cases Plan, the Board will withhold $200 to cover administrative costs, unless the Board has withheld the leave.
16) The OECTA local shall reimburse the Board for any loss of financial or other hardship, as deemed acceptable under grant revenue which might result from the governing legislation, up to March 1 immediately preceding the school year in which the leave is to be taken. Such request is subject to the approval operation of the Director or designate. However, in exceptional circumstances and with the approval of the Director or designate, a teacher may withdraw from the plan after March 1Plan.
(e) During the period of the leave, there shall be no sick leave coverage or accumulation. For leaves of one full school year, the teacher shall be responsible for the full premium costs for the period of absence in order to maintain participation and coverage under the group benefit plans. For leaves of less than one school year, the Board’s share of benefits will be in accordance with Article 20.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Teacher Funded Leave Plan. (a) The Board agrees to make leaves of absence available to enable teachers to participate in a plan whereby n years (or half years) of earned pay will be distributed over n + 1 consecutive years (or half years). Where a half year leave is requested, such request must be for the first half or the second half of a school year. Teacher funded leaves will be in accordance with the Income Tax Act, the Regulations thereunder, any applicable Revenue Canada rulings or legislation, Teacher's Pension Act requirements and any other legislation governing deferred salary leave plans. The period of salary deferral shall not exceed six (6) years. The leave period will be taken at the end of the salary deferral period.
(b) The teacher will be required to return to the employ of the Board for at least a period that is not less than the period of the teacher's leave of absence, after completion of the plan, unless the plan is cancelled prior to the year of leave.
(c) Written application for participation in the plan shall be submitted to the Director or designate no later than April 15 preceding the school year in which the teacher wishes to begin the plan. Written acceptance or rejection with reason(s) by the Director or designate shall be given to the teacher no later than May 30, in the year application is made. Such reasons for denial may include, but are in no way limited to, a situation where, in the opinion of the Director or designate, the program of the school or the system would be detrimentally affected by the leave. A standard written agreement between the Board and the teacher shall be completed by June 25.
(d) The teacher shall have the right to request withdrawal from the plan in cases of financial or other hardship, as deemed acceptable under the governing legislation, up to March 1 immediately preceding the school year in which the leave is to be taken. Such request is subject to the approval of the Director or designate. However, in exceptional circumstances and with the approval of the Director or designate, a teacher may withdraw from the plan after March 1.
(e) During the period of the leave, there shall be no sick leave coverage or accumulation. For leaves of one full school year, the teacher shall be responsible for the full premium costs for the period of absence in order to maintain participation and coverage under the group benefit plans. For leaves of less than one school year, the Board’s share of benefits will be in accordance with Article 20.one
Appears in 1 contract
Samples: Collective Agreement
