Common use of Pre-Retirement Leave Clause in Contracts

Pre-Retirement Leave. 2901 A full-time employee who retires at or after age fifty- five (55) with ten (10) or more years of service, or at any time due to permanent disability or where the sum of the employee’s years of age and length of continuous employment total eighty (80) or more (“Magic 80”), shall be granted four (4) days of paid pre- retirement leave per year of service or portion thereof. Where an employee takes pre-retirement leave as salary continuance, pre-retirement leave will accrue during the salary continuance period. This final pre- retirement leave entitlement will be paid to the employee with their final salary payment. 2902 Employees who have worked on a part-time basis during their employment with the Employer shall receive a pro-rata portion of pre-retirement leave based on their actual hours worked as compared to those of a full-time employee. 2903 Calculation of pre-retirement leave shall begin from the date of the employee’s last commencing employment with the Employer and shall be based on the employee’s total length of continuous employment as at the date of retirement. 2904 Payment shall, at the option of the employee, be made in a lump sum or as a continuation of salary until the scheduled retirement date is reached. Where the employee chooses to take a lump sum payment, the last day worked shall be considered the retirement day and benefits shall cease on that day. Where the employee chooses to take pre-retirement leave as a continuation of salary until the scheduled retirement date, all benefits shall continue until that date. 2905 Effective date of ratification, April 27, 2007. As established under the Civil Service Superannuation Plan, former civil service employees may carry-over vacation credits to retirement in accordance with following:

Appears in 9 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Pre-Retirement Leave. 2901 A full-time employee who retires at or after age fifty- five (55) with ten (10) or more years of service, or at any time due to permanent disability or where the sum of the employee’s years of age and length of continuous employment total eighty (80) or more (“Magic 80”), shall be granted four (4) days of paid pre- retirement leave per year of service or portion thereof. Where an employee takes pre-retirement leave as salary continuance, pre-retirement leave will accrue during the salary continuance period. This final pre- retirement leave entitlement will be paid to the employee with their final salary payment. 2902 Employees who have worked on a part-time basis during their employment with the Employer shall receive a pro-rata portion of pre-retirement leave based on their actual hours worked as compared to those of a full-time employee. 2903 Calculation of pre-retirement leave shall begin from the date of the employee’s last commencing employment with the Employer and shall be based on the employee’s total length of continuous employment as at the date of retirement. 2904 Payment shall, at the option of the employee, be made in a lump sum or as a continuation of salary until the scheduled retirement date is reached. Where the employee chooses to take a lump sum payment, payment the last day worked shall be considered the retirement day and benefits shall cease on that day. Where the employee chooses to take pre-retirement leave as a continuation of salary until the scheduled retirement date, all benefits shall continue until that date. 2905 Effective date of ratification, April 27, 2007. As established under the Civil Service Superannuation Plan, former civil service employees may carry-over vacation credits to retirement in accordance with following:

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Pre-Retirement Leave. 2901 A full-time employee who retires at or after age fifty- five (55) with ten (10) or more years of service, or at any time due to permanent disability or where the sum of the employee’s years of age and length of continuous employment total eighty (80) or more (“Magic 80”), shall be granted four (4) days of paid pre- retirement leave per year of service or portion thereof. Where an employee takes pre-retirement leave as salary continuance, pre-retirement leave will accrue during the salary continuance period. This final pre- retirement leave entitlement will be paid to the employee with their final salary payment. 2902 Employees who have worked on a part-time basis during their employment with the Employer shall receive a pro-rata portion of pre-retirement leave based on their actual hours worked as compared to those of a full-time employee. 2903 Calculation of pre-retirement leave shall begin from the date of the employee’s last commencing employment with the Employer and shall be based on the employee’s total length of continuous employment as at the date of retirement. 2904 Payment shall, at the option of the employee, be made in a lump sum or as a continuation of salary until the scheduled retirement date is reached. Where the employee chooses to take a lump sum payment, payment the last day worked shall be considered the retirement day and benefits shall cease on that day. Where the employee chooses to take pre-retirement leave as a continuation of salary until the scheduled retirement date, all benefits shall continue until that date. 2905 Effective date of ratificationApril 1, April 272010, 2007. As established under the Civil Service Superannuation Plan, former civil service employees may carrywhere an employee is entitled to pre-over vacation credits to retirement leave in accordance with following:this article, and the employee dies prior to receiving this benefit, the benefit shall be paid to her/his estate.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Pre-Retirement Leave. 2901 A full-time employee who retires at or after age fifty- five (55) with ten (10) or more years of service, or at any time due to permanent disability or where the sum of the employee’s years of age and length of continuous employment total eighty (80) or more (“Magic 80”), shall be granted four (4) days of paid pre- retirement leave per year of service or portion thereof. Where an employee takes pre-retirement leave as salary continuance, pre-retirement leave will accrue during the salary continuance period. This final pre- retirement leave entitlement will be paid to the employee with their final salary payment. 2902 Employees who have worked on a part-time basis during their employment with the Employer shall receive a pro-rata portion of pre-retirement leave based on their actual hours worked as compared to those of a full-time employee. 2903 Calculation of pre-retirement leave shall begin from the date of the employee’s last commencing employment with the Employer and shall be based on the employee’s total length of continuous employment as at the date of retirement. 2904 Payment shall, at the option of the employee, be made in a lump sum or as a continuation of salary until the scheduled retirement date is reached. Where the employee chooses to take a lump sum payment, the last day worked shall be considered the retirement day and benefits shall cease on that day. Where the employee chooses to take pre-retirement leave as a continuation of salary until the scheduled retirement date, all benefits shall continue until that date. 2905 Effective date of ratification, April 27, 2007. As established under the Civil Service Superannuation Plan, former civil service employees may carry-over vacation credits to retirement in accordance with following:

Appears in 1 contract

Samples: Collective Agreement

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