RETENTION OF EXPERIENCED EMPLOYEES. The parties recognize that there are a number of senior, experienced Employees who are eligible for retirement currently, or in the near future. The parties recognize the contribution of these Employees and wish to take steps to encourage these Employees to remain in the system. Therefore, the following programs shall be implemented.
RETENTION OF EXPERIENCED EMPLOYEES. (LONG SERVICE PAY ADJUSTMENT) The following Letter of Understanding will take effect on July 1, 2023.
RETENTION OF EXPERIENCED EMPLOYEES. (LONG SERVICE PAY ADJUSTMENT) The following Letter of Understanding will take effect on July 1, 2023: The Parties recognize that there are a number of senior, experienced Employees who are eligible for retirement currently, or in the near future. The Employer recognizes the contribution of these Employees and wishes to take steps to encourage these Employees to remain with CapitalCare. As such, in addition to the rates of pay specified in the Salary Schedule, an Employee who has twenty (20) or more calendar years of service with the Employer, shall receive a 2% Long Service Pay Adjustment (LSPA). This shall form part of the Employee’s Basic Rate of Pay. On behalf of the Union This Letter of Understanding shall end at the expiry date of the Collective Agreement. On behalf of the Employer April 24, 2023 April 25, 2023 Date Date LETTER OF UNDERSTANDING # 18 between CAPITALCARE and the ALBERTA UNION OF PROVINCIAL EMPLOYEES
