Common use of Retirement Allowance Clause in Contracts

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) years of service seniority, 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. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.

Retirement Allowance. (a) Upon retirement from service, an employee Employee who has completed twenty (20) 20 years of service senioritycontinuous service, and who under the provisions of the applicable Pension Acts is entitled to receive a pension on retirement, is entitled to an amount to be paid by the Employer equal to his/her their salary for one (1) monthmonth and, and for each full year of service exceeding twenty (20) years 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. The employee may opt It is understood that this benefit is not payable in addition to take that provided by Section 49 of the allowance as equivalent paid leave of absence to be taken immediately prior to retirementPublic Service Act.

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) years of continuous service seniorityand who, under the provisions of the Pension (Public Service) Act or Pension Plan established pursuant to Article 32 is entitled to receive an allowance on retirement, is entitled to an amount equal to his/her one hundred and fifty (150) hours at his current base salary for one (1) month, and for each full subsequent year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal thirty (30) hours for each subsequent year up to one-fifth a maximum allowance of four hundred and fifty (1/5450) of his/her monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirementhours.

Retirement Allowance. (a) ‌ Upon retirement from service, an employee who has completed twenty (20) 20 years of service senioritycontinuous service, and who under the provisions of the Public Service Pension Plan Rules is entitled to receive pension benefits 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) 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. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) years of service seniority, 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-one fifth (1/51/5th) of his/her monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.

Retirement Allowance. (a) ‌ Upon retirement from service, an employee who has completed twenty (20) 20 years of service senioritywith the Employer, and who under the provisions of the Public Service Pension Plan Rules is entitled to receive a pension benefit 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) 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. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) years of service seniority, 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 (1/5⅕) of his/her their monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.

Retirement Allowance. (a) ‌ Upon retirement from service, an employee who has completed twenty (20) 20 years of service senioritywith the Employer, and who under the provisions of the Public Service Pension Plan Rules is entitled to receive a pension benefit 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) 20 years but not exceeding thirty (30) 30 years, is entitled to an additional amount equal to one-one fifth (1/5) of his/her their monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) 20 years of service senioritywith the Employer, and who under the provisions of the Public Service Pension Plan Rules is entitled to receive a pension benefit 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) 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. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) years of service seniorityservice, and who under the provisions of the Pension (Public Service) Act is entitled to receive a pension benefit on such retirement, is entitled to an amount to be paid out of the Consolidated Revenue Fund equal to his/her their 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 his/her monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.thirty

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) 20 years of service senioritycontinuous service, and who under the provisions of the Public Service Pension Plan Rules is entitled to receive pension benefits 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) 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 their monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) 20 years of service senioritycontinuous service, and who under the provisions of the Pension Plan is entitled to receive a benefit 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) 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. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) years of service senioritycontinuous service, and who under the provisions of the Pension Plan is entitled to receive a benefit on retirement, is entitled to an amount equal to his/her his 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 his monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.

Retirement Allowance. (a) ‌ Upon retirement from service, an employee who has completed twenty (20) years of service senioritycontinuous service, and who under the provisions of the Public Sector Pension Plans Act or Union Pension Plan is entitled to receive a pension 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. The employee may opt to take For the allowance as equivalent paid leave purposes of absence to be taken immediately prior to retirement.this article, one (1) months salary is

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) 20 years of service senioritywith the Employer, and who under the provisions of the Public Service Pension Plan Rules is entitled to receive a pension benefit 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) 20 years but not exceeding thirty (30) 30 years, is entitled to an additional amount equal to one-one fifth (1/5) of his/her their monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) years of service senioritycontinuous service, and who under the provisions of the Pension (Public Service) Act or Union Pension Plan is entitled to receive a pension allowance on retirement, is entitled to an amount equal to his/her his 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. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.thirty

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) 20 years of service senioritycontinuous service, and who under the provisions of the Pension Plan is entitled to receive a benefit 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) 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. The employee may opt to take For the allowance as equivalent paid leave purpose of absence to be taken immediately prior to retirement.this article, one month's salary is:

Retirement Allowance. (a) Upon retirement from service, an employee who ,has completed twenty (20) years of continuous service seniorityand who, under the provisions of the Pension (Public Service) Act or Pension Plan established pursuant to Article 32 is entitled to receive an allowance on retirement, is entitled to an amount equal to his/her one hundred and fifty (150) hours at his current base salary for one (1) month, and for each full subsequent year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal thirty (30) hours for each subsequent year up to one-fifth a maximum allowance of four hundred and fifty (1/5450) of his/her monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirementhours.

Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) years of service seniority, 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 (1/5⅕) of his/her monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.

Retirement Allowance. (a) ‌ Upon retirement from service, an employee who has completed twenty (20) 20 years of service senioritycontinuous service, and who under the provisions of the Pension Plan is entitled to receive a benefit on retirement, is entitled to an amount equal to his/her his 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 (1/51⁄5) of his/her his monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement.

Retirement Allowance. (a) ‌ Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service seniorityand who, under the provisions of the Pension (Public Service) Act or pension plan established pursuant to Article 32 is entitled to receive an allowance on retirement, is entitled to an amount equal to his/her 150 hours at his current base salary for one (1) month, and for each full subsequent year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional amount equal 30 hours for each subsequent year up to one-fifth (1/5) a maximum allowance of his/her monthly salary. The employee may opt to take the allowance as equivalent paid leave of absence to be taken immediately prior to retirement450 hours.