Part-time Employees Percentage In Lieu of Benefits Payment. Upon completion of their probationary period, a regular part-time Employee who regularly works less than twenty-one (21) hours per week and has completed her probationary period shall receive in lieu of all fringe benefits (being those benefits to an Employee, paid in whole or part by the Centre, as part of direct compensation or otherwise, including holiday pay, supplemental unemployment benefits and pension, save and except salary, vacation pay, responsibility allowance, jury and witness duty, bereavement pay) an amount equal to thirteen (13%) percent of his/her regular straight time hourly rate for all straight time hours paid. Subject to the terms and conditions of the Pension Plan, any part-time Employee who is eligible may elect to participate in the CCO Pension Plan. A part-time Employee who elects to participate in the CCO pension plan shall have her percentage in lieu of benefits payment reduced by 4.5% of pensionable earnings up to the YMPE maximum and by 6.0% of pensionable earnings which exceed the YMPE to a maximum of $5,000 or as otherwise may be amended from time to time. It is understood and agreed that the part-time Employee's hourly rate (or straight time hourly rate) in this Agreement does not include the percentage in lieu of benefits payment as applicable which is paid in lieu of fringe benefits. Accordingly the applicable percentage in lieu of benefits payment in lieu of fringe benefits will not be included for the purpose of computing any premium or overtime payments. Temporary Employees shall be entitled to receive the above noted in lieu of fringe benefits payment as provided above. Casual Employees are not entitled to receive the above noted in lieu of fringe benefits payment or participate in any of the Employers benefit plans.
