Monetary Arrangements. (i) The Board agrees to undertake the administrative expense of such deductions or deposits of salary as may be necessary at no expense to the teachers. (ii) A teacher who participates in the plan or anticipates making application for a TFL of absence, shall request that the Board deduct any portion of the teacher's salary for any given number of years prior to the year of leave. These deductions shall be deposited in such trust or fund as may be designated by the teacher. (iii) A teacher may alter the amount of the salary deduction by giving the Board 60 days' notice in writing. (iv) Should a teacher leave the employ of the Board for any reason (including illness or death) while participating in the plan, any monies owed and interest accumulated shall be paid to the teacher or the teacher's estate within (sixty) 60 days. (v) A teacher may withdraw from the plan at any time prior to the signing of the TFL contract, in which case monies owed and interest accumulated shall be paid to the teacher or estate within (sixty) 60 days. (vi) Upon return from a TFL of absence, the teacher may request that deductions be made from the teacher's salary within two years to make up payments to the Teachers’ Pension Plan which were not made in the year of the absence. The Board agrees to make such deductions on the teacher's behalf. (vii) Teachers wishing to retain the employee benefits coverage must assume the full cost of the fringe benefits plan during the leave of absence. This payment may be made in full before the taking of the leave or by salary deductions during the first six months after the teacher's return. (viii) The teacher will be required to complete an agreement satisfactory to Canada Customs and Revenue Agency for taxation purposes.
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement
Monetary Arrangements. (i) The Board agrees to undertake the administrative expense of such deductions or deposits of salary as may be necessary at no expense to the teachers.
(ii) A teacher who participates in the plan or anticipates making application for a TFL of absence, shall request that the Board deduct any portion of the teacher's salary for any given number of years prior to the year of leave. These deductions shall be deposited in such trust or fund as may be designated by the teacher.
(iii) A teacher may alter the amount of the salary deduction by giving the Board 60 days' notice in writing.
(iv) Should a teacher leave the employ of the Board for any reason (including illness or death) while participating in the plan, any monies owed and interest accumulated shall be paid to the teacher or the teacher's estate within (sixty) 60 days.
(v) A teacher may withdraw from the plan at any time prior to the signing of the TFL contract, in which case monies owed and interest accumulated shall be paid to the teacher or estate within (sixty) 60 days.
(vi) Upon return from a TFL of absence, the teacher may request that deductions be made from the teacher's salary within two years to make up payments to the Teachers’ Pension Plan which were not made in the year of the absence. The Board agrees to make such deductions on the teacher's behalf.
(vii) Teachers wishing to retain the employee benefits coverage must assume the full cost of the fringe benefits plan during the leave of absence. This payment may be made in full before the taking of the leave or by salary deductions during the first six months after the teacher's return.
(viii) The teacher will be required to complete an agreement satisfactory to Canada Customs and Revenue Agency for taxation purposes.
Appears in 1 contract
Sources: Collective Agreement