Retiring Allowance definition

Retiring Allowance means a lump sum payment by way of a bonus, gratuity or other allowance in respect of the full-time employment of a person made on the occasion of his retirement from that employment;
Retiring Allowance means the lump sum paid to an officer for accrued and pro-rata leave entitlements payable at the date of retirement.
Retiring Allowance shall have the meaning set out in Section 2.5(b);

Examples of Retiring Allowance in a sentence

  • All assumptions used in the Retiring Allowance valuation have been chosen by the Province.

  • Supplementary Retiring Allowance Regulations restrict the investments to those permitted under the Pension Benefits Standards Act.

  • The following description of the Legislative Assembly Retiring Allowance Plan is a summary only.

  • This payment will be in addition to any grant under the Retiring Allowance provisions specified in this award.

  • Retiring Allowance Act...........................199249Dartmouth City Charter (1978, c.


More Definitions of Retiring Allowance

Retiring Allowance means an amount, other than an amount received as a consequence of the death of an employee, a pension benefit or a benefit referred to in the third paragraph of section 38 in respect of counselling services described therein, received by a taxpayer or, after the taxpayer’s death, by a dependent or a relative of the taxpayer or by the legal representative of the taxpayer
Retiring Allowance means a payment that, by a contract of employment, an employee may receive on or after retirement of the employee from his or her employment in recognition of the employee's service, but does not include the following:
Retiring Allowance means a retiring allowance payable under regulation E2 (entitlement to retirement pension and retiring allowance) of the Local Government (Superannuation) Regulations (Northern Ireland) 1992(12);”;
Retiring Allowance means a retiring allowance, payable in a lump sum, equal to the lesser of (i) 36 months of the Executive’s Regular Monthly Compensation or (ii) the number of months of the Executive’s Regular Monthly Compensation in the period commencing with the Executive’s Termination Date and ending on the Executive’s Normal Retirement Date[; provided, however, that effective December 12, 2006, Retiring Allowance shall mean a retiring allowance, payable in a lump sum, equal to 36 months of the Executive’s Regular Monthly Compensation].
Retiring Allowance means the amount payable to the Executive pursuant to the terms of this Agreement.
Retiring Allowance shall be defined in accordance with Section 248(1) of the Income Tax Act (Canada) S.C. 1070-71-72, c.63, as further amended to the date of this agreement and as amended and in force during the currency of this agreement.
Retiring Allowance. , in relation to a person, means the retiring allowance payable to the person under this Act and, in the case of a person who ceased or ceases to be a member after 30 June 1980, includes additional retiring allowance (if any) payable to the person under subsection 18(9).