FUNDED LEAVE POLICY. Policy Subject to prior approval, indeterminate House of Commons staff may be eligible for Self-Funded Leave for up to one year. Purpose This will allow employees to fund a period of absence from their employment. Definition Self-Funded Leave is defined as a period of Leave Without Pay of not less than 6 consecutive months that is to commence immediately after a period not exceeding 6 years after the date on which the earnings deferrals for the leave of absence commence. Prior to the period of leave, the employee deposits monies with a recognized financial institution of the employee’s choice, which will serve to support the employee during the period of leave. With the exception of the House of Commons Conflict of Interest and Partisan Political Activities Guidelines, the Employer places no restrictions on the activities the employee wishes to pursue during the leave. A commitment from the employee to return to work for a period equal to the leave of absence granted is required. The employee’s position is guaranteed upon return from leave.
FUNDED LEAVE POLICY. Policy Subject to prior approval, indeterminate House of Commons staff may be eligible for Self-Funded Leave for up to one year. Purpose This will allow employees to fund a period of absence from their employment. Definition Self-Funded Leave is defined as a period of Leave Without Pay of not less than consecutive months that is to commence immediately a period not exceeding years after the date on which the earnings deferrals for the leave of absence commence. Prior to the period of leave, the employee deposits monies with a recognised financial institution of the employee’s choice which will serve to support the employee during the period of leave. With the exception of the House of Commons Conflict of Interest and Partisan Political Activities Guidelines, the Employer places no restrictions on the activities the employee wishes to pursue during the leave. A commitment from the employee to return to work for a period equal to the leave of absence granted is required. The employee’s position is guaranteed upon return from leave. Eligibility All indeterminate staff who have completed their probationary period are eligible to apply. Approval Approval of participation on the program is based upon operational requirements. Procedures Employee applies for including salary deduction arrangements, providing as much advance notice as possible but not less than eighteen (18) months prior to the period of leave in question. Applications received involving shorter notice periods may be considered in the light of operational requirements. Note: Salary deduction arrangements may be amended by mutual agreement in writing, provided such requests are received for approval three months prior to the date for which the change is being requested but not later than six months prior to the leave start date. Application is reviewed by authorized manager and approved if it meets the conditions stipulated in this document. Copy of approved application is forwarded to Pay Benefits Section and to the Financial Institution. Pay Benefits Section prepares necessary pay action and notifies pay office. The Financial Institution chosen by the employee establishes an employee trust account. Pay Office deducts and transfers funds to the appropriate account. Note: It is agreed that access to this account prior to the maturity of the Trust agreement may only be allowed with the written approval of the authorized manager and the employee concerned. Accrued interest should be reported by the F...
