Common use of Retirement Allowance Clause in Contracts

Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service and who, under the provisions of the applicable Superannuation Act(s) is entitled to receive a superannuation allowance on retirement is entitled to an amount equal to his/her salary for one (1) month, and for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her monthly salary.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Retirement Allowance. Upon retirement from service, an employee Employee who has completed twenty (20) years of continuous service service, and who, who under the provisions of the applicable Superannuation Act(s) Pension Acts is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount to be paid by the Employer equal to his/her salary for one (1) month, and for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her monthly salary.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) years of continuous service service, and who, who under the provisions of the applicable Superannuation Act(sPension (Public Service) Act or Union Pension Plan is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount equal to his/her salary for one (1) month, and for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her monthly salary.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service service, and who, who under the provisions of the applicable Superannuation Act(s) Union Pension Plan is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount equal to his/her salary wage for one (1) month, and for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her monthly salarywage.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service and who, under the provisions of the applicable Superannuation Act(s) is entitled to receive a superannuation allowance on retirement is entitled to an amount equal to his/her salary for one (1) month, and for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her monthly salary.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service and who, under the provisions of the applicable Superannuation Act(s) is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount equal to his/her salary for one (1) month, and for each full year of service exceeding twenty (20) 20 years but not exceeding thirty (30) 30 years, is entitled to an additional amount equal to one-fifth (1/5) of his/her monthly salary. It is understood that this benefit is not payable in addition to that provided by Section 49(2) of the Public Service Act.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) years of continuous service service, and who, who under the provisions of the applicable Municipal Superannuation Act(s) Act is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount equal to his/her their salary for one (1) month, and and, for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her their monthly salary.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service service, and who, who under the provisions of the applicable Superannuation Act(s) Public Service Pension Plan Rules is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount equal to his/her salary for one (1) month, and for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her monthly salary.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service service, and who, who under the provisions of the applicable Superannuation Act(s) Public Service Pension Plan Rules is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount equal to his/her their salary for one (1) month, and for each full year of service exceeding twenty (20) 20 years but not exceeding thirty (30) 30 years, is entitled to an additional amount equal to one-fifth (1/5) of his/her their monthly salary.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service cumulative service, and who, who under the provisions of the applicable Public Service Superannuation Act(s) Act is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount equal to hisher/her his salary for one (1) month, and for each full year of service exceeding twenty (20) years years, but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of hisher/her his monthly salary.

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service cumulative service, and who, who under the provisions of the applicable Public Service Superannuation Act(s) Act is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount equal to hisher/her his salary for one (1) month, and for each full year of service exceeding twenty (20) years years, but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of hisher/her his monthly salary.

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service and who, under the provisions of the applicable Superannuation Act(s) is entitled to receive a superannuation allowance on retirement is entitled to an amount equal to his/her their salary for one (1) month, and for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her their monthly salary.

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service and who, under the provisions of the applicable Superannuation Act(s) is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount equal to his/her salary for one (1) month, and for each full year of service exceeding twenty (20) 20 years but not exceeding thirty (30) 30 years, is entitled to an additional amount equal to one-fifth (1/5) one‐fifth of his/her monthly salary.. It is understood that this benefit is not payable in addition to that provided by Section 49(2) of the Public Service A t.

Appears in 1 contract

Samples: Collective Agreement

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Retirement Allowance. Upon retirement from service, an employee Employee who has completed twenty (20) years of continuous service and who, under the provisions of the applicable Superannuation Act(s) is entitled to receive a superannuation allowance on retirement is entitled to an amount equal to his/her salary for one (1) month, and for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her monthly salary.

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service service, and who, who under the provisions of the applicable Superannuation Act(s) Public Service Pension Plan Rules is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount equal to his/her salary for one (1) month, and for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her monthly salary.

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) years of continuous service service, and who, who under the provisions of the applicable Superannuation Act(sPension (Public Service) Act is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount equal to his/her salary for one (1) month, and for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, years is entitled to an additional amount equal to one-fifth (1/5) of his/her monthly salary to a maximum benefit of three (3) months' salary.

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service and who, under the provisions of the applicable Superannuation Act(s) is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount equal to his/her their salary for one (1) month, and for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her their monthly salary. It is understood that this benefit is not payable in addition to that provided by Section 49(2) of the Public Service Act.

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service service, and who, who under the provisions of the applicable Municipal Superannuation Act(s) Act is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount to be paid equal to his/her salary for one (1) month, and and, for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her monthly salary.

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service service, and who, who under the provisions of the applicable Public Service Superannuation Act(s) Act is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount equal to his/her salary for one (1) month, and for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her monthly salary.

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service and who, under the provisions of the applicable Superannuation Act(s) is entitled to receive a superannuation allowance on retirement is entitled to an amount equal to his/her salary for one (1) month, and for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her monthly salary.

Appears in 1 contract

Samples: Collective Agreement

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) years of continuous service service, and who, who under the provisions of the applicable Municipal Superannuation Act(s) Act is entitled to receive a superannuation allowance on retirement retirement, is entitled to an amount equal to his/her salary for one (1) month, and and, for each full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal to one-fifth (1/5) of his/her monthly salary.

Appears in 1 contract

Samples: Collective Agreement

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