Common use of Voluntary Severance Clause in Contracts

Voluntary Severance. Purchasing past pensionable service. If permissible the Employer will match a minimum of three (3) years’ contributions to the appropriate pension plan (College Pension Plan, Municipal Pension Plan or Public Service Pension Plan) where an employee opts for early retirement. • Early retirement incentives. • Agreed secondment. • Retraining. • Trial retirement. • Continuation of health and welfare benefits. • Combinations and variations of the above or other alternatives.

Voluntary Severance. Purchasing past pensionable service. If permissible the Employer will match a minimum of three (3) years’ contributions to the appropriate pension plan (College Employer Pension Plan, Municipal Pension Plan or Public Service Pension Plan) where an employee opts for early retirement. • Early retirement incentives. • Agreed secondment. • Retraining. • Trial retirement. • Continuation of health Health and welfare benefitsWelfare Benefits. • Combinations and variations of the above or other alternatives.

Voluntary Severance. Purchasing past pensionable service. If permissible the Employer employer will match a minimum of three (3) years’ years contributions to the appropriate pension plan (College Pension Plan, Municipal Pension Plan or Public Service Pension Plan) where an employee opts for early retirement. • - Early retirement incentives. • - Agreed secondment. • Retraining. • - Trial retirement. • - Continuation of health and welfare benefits. • - Combinations and variations of the above or other alternatives.

Voluntary Severance. Purchasing past pensionable service. If permissible the Employer will match a minimum of three (3) years’ ' contributions to the appropriate pension plan (College Pension Plan, Municipal Pension Plan or Public Service Pension Plan) where an employee opts for early retirement. ; • Early retirement incentives. ; • Agreed secondment. ; • Retraining. ; • Trial retirement. ; • Continuation of health and welfare benefits. ; • Filling vacant positions, regardless of level, if qualified; • Combinations and variations of the above or other alternatives.

Voluntary Severance. Purchasing past pensionable service. If permissible the Employer employer will match a minimum of three (3) years’ contributions to the appropriate pension plan (College Pension Plan, Municipal Pension Plan or Public Service Pension Plan) where an employee opts for early retirement. • Early retirement incentives. • Agreed secondment. • Retraining. • Trial retirement. • Continuation of health and welfare benefits. • Combinations and variations of the above or other alternatives.