Common use of Voluntary Severance Clause in Contracts

Voluntary Severance. (f) Purchasing past pensionable service. If permissible the Employer will match a minimum of three years' contributions to the Municipal Pension Plan where an employee opts for early retirement.

Voluntary Severance. (f) Purchasing past pensionable service. If permissible the Employer employer will match a minimum of three years' contributions to the appropriate pension plan (College Pension Plan, Municipal Pension Plan or Public Service Pension Plan) where an employee opts for early retirement.