Common use of Voluntary Severance Clause in Contracts

Voluntary Severance. Purchasing past pensionable service. If permissible the Employer will match a minimum of three years' contributions to the Municipal Pension Plan where an employee opts for early retirement.

Appears in 5 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Voluntary Severance. Purchasing past pensionable service. If permissible the Employer will match a minimum of three (3) years' contributions to the appropriate pension plan (College Pension Plan, Municipal Pension Plan or Public Service Pension Plan) where an employee opts for early retirement. • Early retirement incentives. • Agreed secondment. • Retraining. • Trial retirement. • Continuation of health and welfare benefits. • Combinations and variations of the above or other alternatives.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Voluntary Severance. Purchasing past pensionable service. If permissible the Employer employer will match a minimum of three years' contributions to the appropriate pension plan (College Pension Plan, Municipal Pension Plan or Public Service Pension Plan) where an employee opts for early retirement.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Voluntary Severance. Purchasing past pensionable service. If permissible the Employer employer will match a minimum of three years' years contributions to the Municipal Pension Plan where an employee opts for early retirement. - Early retirement incentives. - Agreed secondment. - Trial retirement. - Continuation of health and welfare benefits. - Combinations and variations of the above or other alternatives.

Appears in 1 contract

Samples: Collective Agreement

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