Seniority Benefits. Seniority with the Board is not affected. Eligibility for the following benefits is not affected: MSP, EHB, Dental, Group Life, Vacation, Sick Leave and Statutory Holidays. Group Life is based on earnings and will be reduced by the lower earnings. Vacation pay is calculated as a percentage of earnings and will therefore be reduced by the lower earnings. Sick leave will be earned based on the reduced hours. Statutory holiday pay will be included in the current reduced salary (i.e. bi-weekly earnings will not change). The pension benefit will be affected. The rate of accumulation of service time in the plan will be reduced due to the temporary reduction in hours worked. Contributions will be temporarily reduced because they are a reflection of monthly wages.
Appears in 2 contracts
Samples: Contractual Agreement, Contractual Agreement
Seniority Benefits. Seniority with the Board is not affected. Eligibility for the following benefits is not affected: MSP, EHB, Dental, Group Life, Vacation, Sick Leave and Statutory Holidays. Group Life is based on earnings and will be reduced by the lower earnings. Vacation pay is calculated as a percentage of earnings and will therefore be reduced by the lower earnings. Sick leave will be earned based on the reduced hours. Statutory holiday pay will be included in the current reduced salary (i.e. bi-weekly biweekly earnings will not change). The pension benefit will be affected. The rate of accumulation of service time in the plan will be reduced due to the temporary reduction in hours worked. Contributions will be temporarily reduced because they are a reflection of monthly wages.
Appears in 1 contract
Samples: Contractual Agreement
Seniority Benefits. Seniority with the Board is not affected. Eligibility for the following benefits is are not affected: MSP, EHB, Dental, Group Life, Vacation, Sick Leave and Leave, Statutory Holidays. Group Life is based on earnings and will be reduced by the lower earnings. Vacation pay is calculated as a percentage of earnings and will therefore be reduced by the lower earnings. Sick leave will be earned based on the reduced hours. Statutory holiday pay will be included in the current reduced salary (i.e. bi-weekly earnings will not change). The pension benefit will be affected. The rate of accumulation of service time in the plan will be reduced due to the temporary reduction in hours worked. Contributions will be temporarily reduced because they are a reflection of monthly wages.
Appears in 1 contract
Samples: Contractual Agreement