Retirement or Death. On normal retirement or death of all members with ten (10) years or more of continuous appointment, their beneficiaries or estates, shall be entitled to an amount equal to their salary or wages for one-half (1/2) the number of days to their credit, but in any event not in excess of one- half (1/2) years earnings at the rate of pay in effect immediately prior to termination of appointment or death, in accordance with the provisions of section 207, clause 47, Municipal Act.
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Samples: Police Collective Agreement, Police Collective Agreement
Retirement or Death. On normal retirement or death of all members with ten (10) years or more of continuous appointment, their beneficiaries or estates, shall be entitled to an amount equal to their salary or wages for one-half (1/2) the number of days to their credit, but in any event not in excess of one- one-half (1/2) years earnings at the rate of pay in effect immediately prior to termination of appointment or death, in accordance with the provisions of section 207, clause 47, Municipal Act. Such payment is to be computed on a basis or a work year of two thousand and eighty (2,080) hours.
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