Retirement and Gratuity. Effective April the provisions of the Private Pension Plan shall apply to employees covered by this agreement. Employees will be provided with an annual statement of pension status as required by the Pension Benefits Standards Act. As agreed during the negotiations of the plan the features of the Private Pension Plan will remain in force for a period of five (5) years starting on April subject to the Letter of Agreement between the parties attached as APPENDIX The features of the new Post Retirement Health Benefit Program, introduced with the new Pension Plan and covering those future retirees of the new Pension Plan who have not left pensionable service within the will remain in force for a period of four (4) years starting on April An employee who is being separated for any reason other than "lay off with recall rights" may be paid a Separation Gratuity equal to payment at his regular rate of pay of three-quarters of the total of his accumulated sick leave credits, and this provision will apply to a deceased employee and the benefit may be paid to his estate. This Agreement shall remain in effect until December and thereafter subject to ninety (90) calendar days’ notice in writing from either party of its desire to revise, amend or terminate, such notice may be served at any time subsequent to September In witness hereof, the following have signed: FOR: THE XXXXXXXX SEAWAY THE NATIONAL AUTOMOBILE, MANAGEMENT CORPORATION AEROSPACE, TRANSPORTATION AND GENERAL WORKERS UNION OF CANADA President Fane National Director of Transportation M A. National Vice-president, Human Resources Manager, HumAa. n Resources Services Head Office Local Chairperson, Locals CORNWALL APPENDIX "A" CLERICAL, TECHNICAL AND STORES EMPLOYEES HOUR WEEK JOB Salary Effective January CLASS Hourly Rates Step Step Step MAINTENANCE EMPLOYEES HOUR WEEK Salary Effective January JOB Hourly Rates CLASS Step Step Notes: Step applies only to employees newly hired in Job Classes above in the and hour weekly schedules, during their probationary period ( days worked). Progressionfrom Step to Step will take place after the employee has been at Step for the initial six (6) months in the position. An employee in receipt of a Red Circle Rate at the introduction of the Job Evaluation Plan shall retain his salary and his right to general increases. ND "A" SEAWAY HOURLY RATE STRUCTURE NEW CLASSIFICATION PLAN CORNWALL HEADQUARTERS GROUP Salary Effective Salary Effective January January Job Hourly Rates Hourl...
Retirement and Gratuity. Each pilot will be allowed two weeks severance pay for the first year of service as a pilot the Authority or in the Public Service of Canada and one (1) week for each succeeding year of thereafter, up to a maximum of twenty-eight (28) weeks case of retirement or layoff and up to a maximum of twenty-six
Retirement and Gratuity
