Choice Account definition
Examples of Choice Account in a sentence
The CREF Social Choice Account maintains a portfolio consisting primarily of common stocks, investment grade fixed income securities, and short-term debt securities.
The parties to the agreement encourage the company to initiate a dialogue with the employees about the possibilities of the Free Choice Account and encourage the employees to make a choice.
When they choose pension, the agreed share shall be paid to the pension company and thus not into the Free Choice Account.
On resignation the Free Choice Account shall be settled, and any surplus shall be paid out together with the last wage payment from the company.
If there is a surplus on the Free Choice Account at the end of the month of May, the amount shall be paid along with the first wage payment unless otherwise locally agreed.
For any employees not paid on weekday holidays, the savings of 4.0 per cent of the qualifying pay shall set aside for the Free Choice Account.
The supplement constitutes • the value of the deselected extra days off if the employee were to have them paid out as extra days off not held pursuant to Industrial Agreement clause 18 (2 f) • with deduction of the part of the Free Choice Account that comes from the deselected extra days off.
Childcare days are without pay, but the employee may take out an amount from his/her Free Choice Account.
Free Choice Account It is possible to choose to have a proportion of the saving for the Free Choice Account paid towards the pension instead, see Clause 25 (5b).
An employee who has deselected one or more extra days off and, thereafter, has continuous absence of more than three months as a consequence of illness or injury can claim a supplement to the Free Choice Account.