Leeds and Grenville County Board of Education CUPE 1258 Sample Clauses

Leeds and Grenville County Board of Education CUPE 1258. Custodial and Maintenance Services employees An employee, who retires pursuant to the provisions of the Ontario Municipal employees’ Retirement Plan in effect at the time of retirement shall be paid a gratuity for the accumulated sick leave credited to the employee’s account at the rate of fifty percent (50%) of regular annual earnings at retirement to a maximum of two hundred (200) days based on the formula: No. of sick leave credits 50% regular annual not to exceed 200 days x earnings at retirement 200 An employee who commences his/her employment with the Board on or after March 1, 1975 must have a minimum of ten (10) years of continuous, active service with this Board or predecessor Boards to qualify for the provisions of this Article. An employee who is hired and begins work on or after March 1, 1985 shall not accumulate sick leave credits for retirement gratuity purposes. In the event of the death of an eligible employee prior to a retirement, any gratuity calculated as if the employee had retired on the date of his/her death shall be paid to his/her beneficiary as named in the employee’s term insurance policy with the Board or an alternative beneficiary named in writing by the employee and, in the event of no beneficiary being named, to the estate of the deceased employee. Both parties agree that this Article shall not be removed or amended unless approved by a majority of the affected employees hired before March 1, 1985 and by a majority of the affected employees hired after March 1, 1985. If it is not approved by both groups individually, then the Articles cannot be deleted or changed.