Teacher Funded Leave Plan Clause Samples
Teacher Funded Leave Plan. (a) The Board agrees to make leaves of absence available to enable teachers to participate in a plan whereby n years (or half years) of earned pay will be distributed over n + 1 consecutive years (or half years). Where a half year leave is requested, such request must be for the first half or the second half of a school year. Teacher funded leaves will be in accordance with the Income Tax Act, the Regulations thereunder, any applicable Revenue Canada rulings or legislation, Teacher's Pension Act requirements and any other legislation governing deferred salary leave plans. The period of salary deferral shall not exceed six (6) years. The leave period will be taken at the end of the salary deferral period.
(b) The teacher will be required to return to the employ of the Board for at least a period that is not less than the period of the teacher's leave of absence, after completion of the plan, unless the plan is cancelled prior to the year of leave.
(c) Written application for participation in the plan shall be submitted to the Director or designate no later than April 15 preceding the school year in which the teacher wishes to begin the plan. Written acceptance or rejection with reason(s) by the Director or designate shall be given to the teacher no later than May 30, in the year application is made. Such reasons for denial may include, but are in no way limited to, a situation where, in the opinion of the Director or designate, the program of the school or the system would be detrimentally affected by the leave. A standard written agreement between the Board and the teacher shall be completed by June 25.
(d) The teacher shall have the right to request withdrawal from the plan in cases of financial or other hardship, as deemed acceptable under the governing legislation, up to March 1 immediately preceding the school year in which the leave is to be taken. Such request is subject to the approval of the Director or designate. However, in exceptional circumstances and with the approval of the Director or designate, a teacher may withdraw from the plan after March 1.
(e) During the period of the leave, there shall be no sick leave coverage or accumulation. For leaves of one full school year, the teacher shall be responsible for the full premium costs for the period of absence in order to maintain participation and coverage under the group benefit plans. For leaves of less than one school year, the Board’s share of benefits will be in accordance with Article 20.
Teacher Funded Leave Plan a) The parties agree to establish a Teacher-Funded Leave Plan through which a teacher may save money and use the savings to finance a year of leave during the final year of the chosen Plan. The plan will be operated in accordance with this Article.
b) Participation in the Plan may begin at the beginning of the term/year. The leave will begin in the first term/year or first term/year of a 3rd year of a three term/year plan, the 4th term/year of a 4 term/year plan or the 5th term/year of a 5 term/year plan.
c) Any teacher with three or more years of seniority with the Board may apply to participate in the Plan. The application, in writing, must be received by the Director three (3) months prior to participation in the plan. The application shall include the teacher's estimate of the value of the leave to the system.
d) The Board will determine the number of applications, which may be approved in any year.
e) The Board may accept or reject any application on the basis of the Board's estimate of the effect of approval upon the system.
f) The Board will reply to any application within two months following receipt and will specify its reasons in cases of refusal. No leave shall be unreasonably denied.
g) Each teacher permitted to participate in the Plan shall enter into an Agreement with the Board. The Agreement shall contain the following terms: X = time worked Y = total time in the plan
1) While participating in the plan, the teacher shall be paid X / Y of the salary and allowances to which he/she would otherwise be entitled.
2) The remainder shall be retained by the Board and shall be accumulated with interest.
Teacher Funded Leave Plan. 17.01 The Board agrees to a Teacher Funded Leave Plan which shall permit the teacher to take a one year self-funded leave in year three of a THREE year agreement, in year four of a FOUR year agreement, or year five of a FIVE year agreement. During his/her years in the teacher funded leave plan, the teacher shall agree to be paid by the Board at 66.67 per cent (for a THREE year agreement) or at 75 per cent (for a FOUR year agreement) or at 80 per cent (for a FIVE year agreement) of the salary normally paid under the applicable Collective Agreement subject to the conditions outlined below. There shall be no cost to the Board except that the Board shall pay 100% of the applicable statutory deductions during the leave. Interest paid on trust fund accounts shall be 2 per cent less than prime calculated and credited on the last day of each month. The duration of the agreement and the percentages of salary paid and withheld may be changed with the approval of both parties.
Teacher Funded Leave Plan. The parties agree to maintain the Plan as outlined in Article 22 to reflect Revenue Canada Regulations as amended from time to time. The Board agrees to provide the details of the Plan (e.g. forms, salaries and deductions) to teachers on request.
Teacher Funded Leave Plan a) A Teachers' "self-funded leave plan" is established permitting a one (1) year leave of absence through deferral of salary to finance the leave. Any Teacher on permanent contract with the Board is eligible to participate in the plan (see Policy No. 3A:4 for application procedures).
b) S over Y plus 1 (S/Y + 1) where:
Teacher Funded Leave Plan a) The parties agree to establish a Teacher-Funded Leave Plan through which a teacher may save money and use the savings to finance a year of leave during the final year of the chosen Plan. The plan will be operated in accordance with this Article.
b) Participation in the Plan may begin on September 1 of any year. The leave will begin on September 1 of the 2nd year of a 2 year plan, the 3rd year of a three year plan, the 4th year of a 4 year plan or the 5th year of a 5 year plan.
c) Any teacher with three or more years of seniority with the Board may apply to participate in the Plan. The application, in writing , must be received by the Director by January 31 before participation would begin. The application shall include the teacher’s estimate of the value of the leave to the system.
d) The Board will determine the number of applications which may be approved in any year.
e) The Board may accept or reject any application on the basis of the Board’s estimate of the effect of approval upon the system.
f) The Board will reply to any application by March 31 following receipt and will specify its reasons in cases of refusal. No leave shall be unreasonably denied.
g) Each teacher permitted to participate in the Plan shall enter into an Agreement with the Board. The Agreement shall contain the following terms:
(1) In each of the years of the plan, the teacher shall be paid X / Y of the salary and allowances to which he/she would otherwise be entitled.
(2) The remainder shall be retained by the Board and shall be accumulated with interest.
(3) Income tax, E.I. and C.P.P. Deductions shall be calculated based only on X / Y earnings paid to the teacher. Pension Plan contributions and teacher benefit deductions shall be calculated on 100 per cent (100%) earnings in accordance with the Plan.
(4) A statement of the status of a participating teacher’s account shall be given to the teacher in September of each year.
(5) The leave will begin on September 1 of the final year of participation in the Plan. Subject to (6) below, on that date, the Board shall pay to the teacher the funds, with accumulated interest, less amounts withheld to cover the full cost of employee benefit plans, statutory and other necessary deductions.
(6) At the request of the teacher received on or before the preceding July 1, the Board shall pay to the teacher on the first banking day in September, 40% of the accumulated funds and the remainder on the first banking day in January. Deductions will be...
Teacher Funded Leave Plan. 19:01 The X over Y Plan affords Teachers the opportunity of taking a one (1) year leave of absence without pay and, through deferral of salary, to finance the leave. The Plan allows a Teacher to teach “X” years over a “Y” period with one (1) year’s leave in the final year of the Plan.
19:02 The Teacher, in application, shall indicate the “X” and “Y” components desired. However, the final determination of the “X” and “Y” components shall be made in consultation with the Superintendent of Human Resources and in accordance with the total Plan’s requirement for a balance between leaves commencing and leaves returning.
19:03 The maximum number of Teachers on leave in accordance with the Plan in any given year shall not exceed twenty (20) Teachers.
Teacher Funded Leave Plan. An employee must have two (2) or more consecutive years of active employment with HWDSB to participate in the plan. Written applications must be received by the Manager, Staffing and Operations or designate, on or before January 31st for the next school year.
Teacher Funded Leave Plan. 1. The Board agrees to a Teacher Funded Leave Plan which shall permit the teacher to take a one year self-funded leave in year three of a THREE year agreement, in year four of a FOUR year agreement, or year five of a FIVE year agreement. During his/her years in the teacher funded leave plan, the teacher shall agree to be paid by the Board at 66.67 per cent (for a THREE year agreement) or at 75 per cent (for a FOUR year agreement) or at 80 per cent (for a FIVE year agreement) of the salary normally paid under the applicable Collective Agreement, subject to the conditions outlined below.
Teacher Funded Leave Plan