Common use of Retirement Allowance Clause in Contracts

Retirement Allowance. (a) When an employee having five (5) years of continuous permanent service or more retires due to illness, accident, death or age, or is laid off, the Employer shall pay such employee or her beneficiary a retirement allowance in a lump sum. The calculation of retirement allowance shall be equal to five (5) days times the employee’s total service prorated based on a thirty-six and one quarter (36¼) hour workweek, to a maximum of one hundred and twenty-five days (125), paid at seven and one quarter (7¼) hours times the employee’s hourly rate of pay at the time of her retirement or death. (b) If an employee applies for retirement allowance due to illness or accident, the Employer may require the employee to appear for a medical examination by a doctor chosen by the Employer. (c) Notwithstanding that an employee is found eligible for retirement as specified in (a) or (b) above in a specific classification, she may apply for and be employed in any other classification for which she may be qualified by reason of health, training and experience. (d) When an employee is laid off, the retirement allowance shall be paid in a lump sum eighteen (18) months after the date she was laid off. (e) At the employee's request, the payment of the allowance shall be: (1) A lump sum payment at the time of entitlement, or (2) Held over to the next taxation year, or any other year following entitlement, or (3) Converted by the employee to an individual income averaging annuity payable at normal retirement age. (f) Notwithstanding any of the provisions of this Article, an employee who normally would be entitled to retirement allowance may, within five (5) years of retirement, subject to satisfactory notice to the Employer, and when replacement is available, take up to three (3) paid pre-retirement vacations, with no more than one vacation in any school-year, to be charged against her retirement allowance. Vacation leave shall not accumulate during the time of such pre-retirement vacation leave. (g) In order to allow for orderly work scheduling a request for conversion to a pre-retirement vacation equivalent must be submitted at least sixty (60) days in advance. (h) When calculating retirement allowance entitlement for an employee who has at least five (5) years seniority, retirement allowance for less than a full year shall be on a pro-rata basis (ex: 1/2 year equals 2 1/2 days' pay).

Retirement Allowance. Prior to issuing notice of layoff pursuant to Article 9.08(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under Article 9.08(a)(ii). Employees who elect early retirement will have the option of selecting either option A or B. (a) When An employee who elects an employee having five (5) years enhanced early retirement allowance shall receive, following completion of continuous permanent service or more retires due to illnessthe last day of work, accident, death or age, or is laid off, the Employer shall pay such employee or her beneficiary a retirement allowance in of three (3) weeks’ salary for each year of employment plus a lump sum. The calculation prorated amount for any additional partial year of retirement allowance shall be equal to five (5) days times the employee’s total service prorated based on a thirty-six and one quarter (36¼) hour workweekemployment, to a maximum of fifty two (52) weeks salary or fifty per cent of earnings to age 65, whichever is less. The option of salary continuance will be made available to those employees who indicate this preference. (b) Where the employee who elects an enhanced early retirement allowance in accordance with this provision is part-time, their retirement allowance will be based upon their regular average weekly salary, exclusive of any premium payments, calculated over the twelve (12) month period immediately preceding their last day of work, except that any periods of long term illness/injury or pregnancy/parental leave within that year shall not be considered, and the calculation shall be adjusted accordingly. (c) A full-time employee who elects an enhanced early retirement allowance will be given the choice of: (i) Receiving an amount of one hundred and twenty-five days dollars (125$125.00) per month in lieu of benefits referred to in (ii) below for a period equivalent to one month for each year of employment to a maximum of twelve (12) months or age sixty-five (65), paid at seven whichever is less, or (ii) Remaining in the semi-private, extended health and dental benefit plans for the length of the severance or to age 65 whichever is less, provided the employee pays to the Hospital any difference between the full premium payment and one quarter hundred and twenty- five dollars (7¼) hours times the employee’s hourly rate of pay at the time of her retirement or death. (b) If an employee applies for retirement allowance due to illness or accident, the Employer may require the employee to appear for a medical examination by a doctor chosen by the Employer. (c) Notwithstanding that an employee is found eligible for retirement as specified in (a) or (b) above in a specific classification, she may apply for and be employed in any other classification for which she may be qualified by reason of health, training and experience.$125.00) (d) When A regular part-time employee who elects an employee is laid off, the enhanced early retirement allowance shall will be paid in a lump sum eighteen (18) months after given the date she was laid off. (e) At the employee's request, the payment of the allowance shall bechoice of: (1i) A lump sum payment at the time Receiving an amount of entitlementeighty dollars ($80.00) per month in lieu of benefits, referred to in (ii) below for a period equivalent to one month for each year of employment to a maximum of twelve (12) months or until age sixty five (65) whichever is less, or (2ii) Held over Remaining in the semi-private, extended health and dental benefit plans for the length of the severance or to age 65 whichever is less, provided the employee pays to the next taxation year, or Hospital any other year following entitlement, or difference between the full premium and eighty dollars (3) Converted by the employee to an individual income averaging annuity payable at normal retirement age. (f) Notwithstanding any of the provisions of this Article, an employee who normally would be entitled to retirement allowance may, within five (5) years of retirement, subject to satisfactory notice to the Employer, and when replacement is available, take up to three (3) paid pre-retirement vacations, with no more than one vacation in any school-year, to be charged against her retirement allowance. Vacation leave shall not accumulate during the time of such pre-retirement vacation leave. (g) In order to allow for orderly work scheduling a request for conversion to a pre-retirement vacation equivalent must be submitted at least sixty (60) days in advance. (h) When calculating retirement allowance entitlement for an employee who has at least five (5) years seniority, retirement allowance for less than a full year shall be on a pro-rata basis (ex: 1/2 year equals 2 1/2 days' pay$80.00).

Retirement Allowance. Prior to issuing notice of layoff pursuant to Article 9.08(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under Article 9.08(a)(ii). Employees who elect early retirement will have the option of selecting either option A or B. (a) When An employee who elects an employee having five (5) years enhanced early retirement allowance shall receive, following completion of continuous permanent service or more retires due to illnessthe last day of work, accident, death or age, or is laid off, the Employer shall pay such employee or her beneficiary a retirement allowance in of three (3) weeks’ salary for each year of employment plus a lump sum. The calculation prorated amount for any additional partial year of retirement allowance shall be equal to five (5) days times the employee’s total service prorated based on a thirty-six and one quarter (36¼) hour workweekemployment, to a maximum of fifty two (52) weeks salary or fifty per cent of earnings to age 65, whichever is less. The option of salary continuance will be made available to those employees who indicate this preference. (b) Where the employee who elects an enhanced early retirement allowance in accordance with this provision is part-time, their retirement allowance will be based upon their regular average weekly salary, exclusive of any premium payments, calculated over the twelve (12) month period immediately preceding their last day of work, except that any periods of long term illness/injury or pregnancy/parental leave within that year shall not be considered, and the calculation shall be adjusted accordingly. (c) A full-time employee who elects an enhanced early retirement allowance will be given the choice of: (i) Receiving an amount of one hundred and twenty-five days dollars (125$125.00) per month in lieu of benefits referred to in (ii) below for a period equivalent to one month for each year of employment to a maximum of twelve (12) months or age sixty-five (65), paid at seven whichever is less, or (ii) Remaining in the semi-private, extended health and dental benefit plans for the length of the severance or to age 65 whichever is less, provided the employee pays to the Hospital any difference between the full premium payment and one quarter hundred and twenty-five dollars (7¼) hours times the employee’s hourly rate of pay at the time of her retirement or death. (b) If an employee applies for retirement allowance due to illness or accident, the Employer may require the employee to appear for a medical examination by a doctor chosen by the Employer. (c) Notwithstanding that an employee is found eligible for retirement as specified in (a) or (b) above in a specific classification, she may apply for and be employed in any other classification for which she may be qualified by reason of health, training and experience.$125.00) (d) When A regular part-time employee who elects an employee is laid off, the enhanced early retirement allowance shall will be paid in a lump sum eighteen (18) months after given the date she was laid off. (e) At the employee's request, the payment of the allowance shall bechoice of: (1i) A lump sum payment at the time Receiving an amount of entitlementeighty dollars ($80.00) per month in lieu of benefits, referred to in (ii) below for a period equivalent to one month for each year of employment to a maximum of twelve (12) months or until age sixty five (65) whichever is less, or (2ii) Held over Remaining in the semi-private, extended health and dental benefit plans for the length of the severance or to age 65 whichever is less, provided the employee pays to the next taxation year, or Hospital any other year following entitlement, or difference between the full premium and eighty dollars (3) Converted by the employee to an individual income averaging annuity payable at normal retirement age. (f) Notwithstanding any of the provisions of this Article, an employee who normally would be entitled to retirement allowance may, within five (5) years of retirement, subject to satisfactory notice to the Employer, and when replacement is available, take up to three (3) paid pre-retirement vacations, with no more than one vacation in any school-year, to be charged against her retirement allowance. Vacation leave shall not accumulate during the time of such pre-retirement vacation leave. (g) In order to allow for orderly work scheduling a request for conversion to a pre-retirement vacation equivalent must be submitted at least sixty (60) days in advance. (h) When calculating retirement allowance entitlement for an employee who has at least five (5) years seniority, retirement allowance for less than a full year shall be on a pro-rata basis (ex: 1/2 year equals 2 1/2 days' pay$80.00).

Retirement Allowance. (a) When an employee having seniority of five (5) years of continuous permanent service or more retires due to illness, accident, death or age, or is laid off, the Employer District shall pay such employee or his/her beneficiary a retirement allowance in a lump sum. The calculation of retirement allowance shall be equal equivalent to five (5) days times the employee’s total service prorated based on a thirty-six and one quarter (36¼) hour workweek, to a maximum days' pay for each full year of seniority but not exceeding one hundred and twenty-five days (125), paid ) days’ pay. Pay for such purpose shall be calculated at seven and one quarter (7¼) hours times the employee’s hourly 's rate of pay remuneration at the time of his/her retirement or deathdeath and shall be paid in a lump sum. (b) If an employee applies for retirement allowance due to illness or accident, the Employer may require the employee to appear for a medical examination by a doctor chosen by the Employer. (c) Notwithstanding that an employee is found eligible for retirement as specified in (a) or (b) above in a specific classification, he/she may apply for and be employed in any other classification for which he/she may be qualified by reason of health, training and experience. (d) When an employee is laid off, the retirement allowance shall be paid in a lump sum eighteen (18) months after the date he/she was laid off. (e) At the employee's request, the payment of the allowance shall be: (1) A lump sum payment at the time of entitlement, or (2) Held over to the next taxation year, or any other year following entitlement, or (3) Converted by the employee to an individual income averaging annuity payable at normal retirement age, or (4) Converted in a pre-retirement vacation equivalent. (f) Notwithstanding any of the provisions of this Article, an employee who normally would be entitled to retirement allowance may, within five (5) years of retirement, subject to satisfactory notice to the Employer, and when replacement is available, take up to three (3) paid pre-retirement vacations, with no more than one vacation in any school-year, to be charged against his/her retirement allowance. Vacation leave shall not accumulate during the time of such pre-retirement vacation leave. (g) In order to allow for orderly work scheduling a request for conversion to a pre-retirement vacation equivalent must be submitted at least sixty (60) days in advance. (h) When calculating retirement allowance entitlement for an employee who has at least five (5) years years’ seniority, retirement allowance for less than a full year shall be on a pro-pro rata basis (ex: 1/2 one-half (½) year equals two and one-half (2 1/2 ½) days' ’ pay).

Retirement Allowance. (a) When an employee having seniority of five (5) years of continuous permanent service or more retires due to illness, accident, death or age, or is laid off, the Employer District shall pay such employee or her his beneficiary a retirement allowance in a lump sum. The calculation of retirement allowance shall be equal equivalent to five (5) days times the employee’s total service prorated based on a thirty-six and one quarter (36¼) hour workweek, to a maximum days' pay for each full year of seniority but not exceeding one hundred and twenty-five days (125), paid days’ pay. Pay for such purpose shall be calculated at seven and one quarter (7¼) hours times the employee’s hourly 's rate of pay remuneration at the time of her his retirement or deathdeath and shall be paid in a lump sum. (b) If an employee applies for retirement allowance due to illness or accident, the Employer may require the employee to appear for a medical examination by a doctor chosen by the Employer. (c) Notwithstanding that an employee is found eligible for retirement as specified in (a) or (b) above in a specific classification, she he may apply for and be employed in any other classification for which she he may be qualified by reason of health, training and experience. (d) When an employee is laid off, the retirement allowance shall be paid in a lump sum eighteen (18) months after the date she he was laid off. (e) At the employee's request, the payment of the allowance shall be: (1) A lump sum payment at the time of entitlement, or (2) Held over to the next taxation year, or any other year following entitlement, or (3) Converted by the employee to an individual income averaging annuity payable at normal retirement age, or (4) Converted in a pre-retirement vacation equivalent. (f) Notwithstanding any of the provisions of this Article, an employee who normally would be entitled to retirement allowance may, within five (5) years of retirement, subject to satisfactory notice to the Employer, and when replacement is available, take up to three (3) paid pre-retirement vacations, with no more than one vacation in any school-school- year, to be charged against her his retirement allowance. Vacation leave shall not accumulate during the time of such pre-pre- retirement vacation leave. (g) In order to allow for orderly work scheduling a request for conversion to a pre-retirement vacation equivalent must be submitted at least sixty (60) days in advance. (h) When calculating retirement allowance entitlement for an employee who has at least five (5) years years’ seniority, retirement allowance for less than a full year shall be on a pro-pro rata basis (ex: 1/2 ½ year equals 2 1/2 ½ days' ’ pay).

Retirement Allowance. (a) When an employee having continuous service of five (5) years of continuous permanent service or more retires due to illness, accidentdisability, death or age, or is laid off, the Employer shall pay such employee or her beneficiary benefi- ciary a retirement allowance in a lump sum. The calculation of retirement allowance shall be equal to five (5) days times the employee’s total days’ pay for each full year of service prorated based on a thirty-six and one quarter (36¼) hour workweek, to a maximum of but not exceeding one hundred and twenty-five days (125)) days’ pay, which when granted will be paid in a lump sum upon retirement at seven and one quarter (7¼) hours times the employee’s hourly regular rate of pay at the time of her retirement or death. (b) If an employee applies for retirement allowance due to illness or accident, the Employer may require the employee to appear for a medical examination by a doctor chosen by the Employer. (c) Notwithstanding that an employee is found eligible for retirement as specified in (a) or (b) above in a specific classification, she may apply for and be employed in any other classification for which she may be qualified by reason of health, training and experience. (d) pay. When an employee is laid off, the retirement allowance shall be paid in a lump sum eighteen twelve (1812) months after the date he/ she was laid off. (e) . At the employee's request, request of the employee payment of the this allowance shall be: (1) A lump sum payment at the time of entitlement, or (2) : Held over to the next two (2) taxation yearyears, or any other year year, following entitlementtermination of employment. When an employee has a permanent disability and requests to retire, or (3) Converted or when the Employer requires an employee to retire due to a permanent disability, or an employee terminates employmentdue to permanentdisability and in the absence of mutual agree- ment, a Board of Doctors, whose decision shall be final and binding on the parties to this Agreement, shall be composed as follows: one doctor appointed by the Institute, one doctor appointed by the Employer and one doctor selected by the two so appointed, who shall be the Chairman. If the decision of the Board is that the employee has a permanent disability the said employee shall receive pay for any accumulative severance leave entitled to under this Article. The expenses of this Board shall be paid for in the same manner as if it were an individual income averaging annuity payable at normal Adjudication Board. If the permanent disability of an employee has been established under the Workers’ Compensation Act or the Canada Pension Act, a further Board decision under this Article shall not be required. Employees taking early retirement age. (f) Notwithstanding any of as provided for under the provisions of this Article, an employee who normally would Article and the Public Service Superannuation Plan shall be entitled to their retirement allowance may, within five (5) years of retirement, subject to satisfactory notice to allow- ance. An employee may retire at age sixty or later. An employee may retire earlier than age sixty if is granted under the Employer, and when replacement is available, take up to three (3) paid pre-retirement vacations, with no more than one vacation in any school-year, to be charged against her retirement allowance. Vacation leave shall not accumulate during the time of such pre-retirement vacation leave. (g) In order to allow for orderly work scheduling a request for conversion to a pre-retirement vacation equivalent must be submitted at least sixty (60) days in advance. (h) When calculating retirement allowance entitlement for an employee who has at least five (5) years seniority, retirement allowance for less than a full year shall be on a pro-rata basis (ex: 1/2 year equals 2 1/2 days' pay).Public

Retirement Allowance. (a) When an employee having seniority of five (5) years of continuous permanent service or more retires due to illness, accident, death or age, or is laid off, the Employer District shall pay such employee or his/her beneficiary a retirement allowance in a lump sum. The calculation of retirement allowance shall be equal equivalent to five (5) days times the employee’s total service prorated based on a thirty-six and one quarter (36¼) hour workweek, to a maximum days' pay for each full year of seniority but not exceeding one hundred and twenty-five days (125), paid ) days’ pay. Pay for such purpose shall be calculated at seven and one quarter (7¼) hours times the employee’s hourly 's rate of pay remuneration at the time of his/her retirement or deathdeath and shall be paid in a lump sum. (b) If an employee applies for retirement allowance due to illness or accident, the Employer may require the employee to appear for a medical examination by a doctor chosen by the Employer. (c) Notwithstanding that an employee is found eligible for retirement as specified in (a) or (b) above in a specific classification, he/she may apply for and be employed in any other classification for which he/she may be qualified by reason of health, training and experience. (d) When an employee is laid off, the retirement allowance shall be paid in a lump sum eighteen (18) months after the date he/she was laid off. (e) At the employee's request, the payment of the allowance shall be: (1) A lump sum payment at the time of entitlement, or (2) Held over to the next taxation year, or any other year following entitlement, or (3) Converted by the employee to an individual income averaging annuity payable at normal retirement age, or (4) Converted in a pre-retirement vacation equivalent. (f) Notwithstanding any of the provisions of this Article, an employee who normally would be entitled to retirement allowance may, within five (5) years of retirement, subject to satisfactory notice to the Employer, and when replacement is available, take up to three (3) paid pre-retirement vacations, with no more than one vacation in any school-school- year, to be charged against his/her retirement allowance. Vacation leave shall not accumulate during the time of such pre-retirement vacation leave. (g) In order to allow for orderly work scheduling a request for conversion to a pre-retirement vacation equivalent must be submitted at least sixty (60) days in advance. (h) When calculating retirement allowance entitlement for an employee who has at least five (5) years years’ seniority, retirement allowance for less than a full year shall be on a pro-pro rata basis (ex: 1/2 one-half (½) year equals two and one-half (2 1/2 ½) days' ’ pay).

Retirement Allowance. ‌ 23.1 The Employer shall pay an Employee retirement pay based on the following eligibility requirements: (a) When an employee Employee having ten (10) or more years of continuous service retires at age 55 or more; or (b) When an Employee has thirty (30) years of continuous service; or (c) When an Employee, who has engaged after their 55th birthday, retires at age 65 or more; or (d) When an Employee having more than ten (10) years of continuous service dies. (In this instance retirement pay shall be paid to the Employees estate); or (e) When an Employee having five (5) or more years of continuous permanent service or more retires due to illness, accident, death or age, or is laid off, a permanent disability which prevents them from continuing employment. (a) Such retirement pay shall be calculated at their daily rate of remuneration at the Employer shall pay such employee or her beneficiary a retirement allowance in a lump sum. The calculation date of retirement allowance and shall be equal to five based on the following: i six (56) days times the employee’s total service prorated based on a thirty-six pay for each of their first twelve (12) full years of continuous service; and one quarter (36¼) hour workweek, to a maximum of In no case shall retirement pay exceed one hundred and twenty-five days (125), paid at seven and one quarter (7¼) hours times the employee’s hourly rate of pay at the time of her retirement or death.days’ pay (b) If A full year of continuous service under this article shall mean full time hours for the year for the Employee’s classification. An Employee who works less than full time during part or all of a given year earns less than a full year of continuous service for that year for the purpose of retirement pay. For example, an employee Employee who works half time for a year earns half a year of service for purposes of retirement pay. 23.3 Retirement pay shall be calculated as follows: Number of Days X (Full-time weekly hours X Hourly Rate) Accumulated 5 under 23.2 23.4 An Employee who applies for retirement allowance pay due to illness or accident, permanent disability may be required by the Employer may require the employee to appear for a medical examination by a doctor chosen by the Employer. (c) Notwithstanding that an employee is found eligible for 23.5 Accumulated retirement as specified in (a) or (b) above in a specific classification, she may apply for pay credits shall be portable from one Employer to another and be employed in any other classification for which she may be qualified by reason of health, training and experiencefrom one Union to another. (d) When an employee is laid off, 23.6 Leaves of absence or layoff shall not constitute a break in service for the retirement allowance shall be paid in a lump sum eighteen (18) months after the date she was laid offpurpose of this Article. (e) 23.7 At the employee's Employee’s request, the payment of the allowance retirement pay shall be: (1a) A lump sum payment at the time of entitlement, retirement; or (2b) Held For any purpose, held over to the next taxation year, or any other year following entitlement, orretirement; (3c) Converted by Transferred to the employee to an individual income averaging annuity payable at normal Employee’s registered retirement agesavings plan. (fd) Notwithstanding any Subject to approval of the provisions of this ArticleEmployer, an employee Employees who normally would be entitled are eligible to retirement allowance may, retire with a pension within five (5) years of retirement, subject to satisfactory notice to the Employeryears, and when replacement is availablewho would otherwise be eligible for retirement allowance, take up to may use their accrued retirement allowance toward a maximum of three (3) paid pre-retirement vacations, with no more than one vacation in any school-year, to be charged against her retirement allowanceleaves. Vacation Each leave shall not accumulate during the time be for a maximum of such fifteen (15) school days. Employees must make advance application for approval of pre-retirement vacation leave. The granting of such leave shall be at the discretion of the Employer. Any leave accessed under this provision shall reduce the retirement allowance ultimately paid to the Employee on a day for day basis. In the event an Employee fails to qualify for retirement allowance upon termination of employment, any monies paid under this Article shall be reimbursed to the Employer. (g) In order to allow for orderly work scheduling a request for conversion to a pre-retirement vacation equivalent must be submitted at least sixty (60) days in advance. (h) When calculating retirement allowance entitlement for 23.8 For the purpose of this Article, an employee who has at least five (5) years seniority, retirement allowance for less than a full year Employee shall be on considered to have a pro-rata basis (ex: 1/2 year equals 2 1/2 days' pay)permanent disability if the Employee, due to illness or injury, is unable to perform the functions of their position or any other position within the Employer.

Retirement Allowance. (a) When Subject to the limitations in 32.05 (c)(d) and 32.06 below, when an employee having with a continuous service date falling before March 31, 2016 and continuous service of five (5) years of continuous permanent service or more more, who elected a retirement allowance deferral, dies, retires due to illness, accident, death disability or age, or is laid off, the Employer shall pay such an employee or her beneficiary of employee, a retirement allowance in a lump sum. The calculation of retirement allowance shall be equal to five (5) days times the employee’s total days' pay for each full year of continuous service and prorated based on a thirty-six and one quarter (36¼) hour workweek, to a maximum for each partial year of service but not exceeding one hundred and twenty-five days (125)) days' pay, paid at seven and one quarter (7¼) hours times the employee’s hourly 's regular rate of pay at pay. Such allowance for part-time employees will be pro-rated on the basis of time of her retirement or deathworked on relation to the hours normally worked by a full-time employee. (b) If an An employee applies for retirement allowance who "retires" is one who retires (i) at age fifty-five (55) (or later), or (ii) due to illness disability, or (iii) is granted under the New Brunswick Public Service Pension Plan - an annual allowance (an actuarially reduced pension); or accident, the Employer may require the employee to appear for a medical examination by a doctor chosen by the Employer- an immediate pension. (c) Notwithstanding that Where an employee is found eligible for with a continuous service date falling before March 31, 2016, who elected a retirement as specified in (a) allowance deferral, dies, or (b) above in a specific classification, she may apply for and be employed in any other classification for which she may be qualified by reason of health, training and experience. (d) When an employee is laid offretires due to disability or age, the retirement allowance shall be paid in a lump sum eighteen payment, payable forthwith to the employee, the employee’s beneficiary, or estate as the case may be. (18d) months The retirement allowance was discontinued March 31, 2016 as follows: (i) Employees with a continuous service date falling on or after March 31, 2016 are not eligible for a retirement allowance. (ii) Employees with a continuous service date falling before March 31, 2016, who elected a retirement allowance deferral, shall retain the date she was laid offfull years and partial years of continuous service accumulated up to March 31, 2016 for the purpose of calculating the retirement allowance. These employees will not accumulate further service credits beyond March 31, 2016 for the purpose of calculating the retirement allowance. (e) At For the employee's request, the payment purposes of the allowance shall be: (1) A lump sum payment at the time of entitlement, or (2) Held over to the next taxation year, or any other year following entitlement, or (3) Converted by the employee to an individual income averaging annuity payable at normal retirement age. (f) Notwithstanding any of the provisions of this ArticleArticle 32.05, an employee who normally would be entitled was deemed to have deferred their retirement allowance mayper Article 32.06 (e) of the previous Agreement that expired on March 31, within five (5) years of retirement, subject to satisfactory notice to the Employer, and when replacement is available, take up to three (3) paid pre-retirement vacations, with no more than one vacation in any school-year, 2019 shall continue to be charged against her retirement allowance. Vacation leave shall not accumulate during the time of such pre-retirement vacation leave. (g) In order to allow for orderly work scheduling a request for conversion to a pre-retirement vacation equivalent must be submitted at least sixty (60) days in advance. (h) When calculating retirement allowance entitlement for considered an employee who has at least five (5) years seniority, been deemed to have deferred their payment until retirement and as such shall be considered an employee who elected a retirement allowance for less than a full year shall be on a pro-rata basis (ex: 1/2 year equals 2 1/2 days' pay)deferral.

Retirement Allowance. A. A teacher in the employ of the Committee for a period of ten (a10) When an employee having five years or more who retires under the Massachusetts Retirement System while in the employ of the Committee who has attained the age of 55-years or has twenty (520) years of continuous permanent credited service or in the Massachusetts Retirement System shall be paid upon such retirement a sum determined by multiplying such teacher’s accumulated days of sick leave at retirement including the teacher's personal days added under Article X(A)(1)(b) by the applicable per diem retirement rate provided such teacher, except in the event of death, has completed his/her work assignment for the current school year. The per diem retirement rate is as follows: 201 and more retires due to illness, accident, death or age, or is laid off$35.00 Example: For a teacher with 225 days of accumulated sick leave, the Employer shall pay such employee or her beneficiary a retirement allowance in a lump sum. The calculation of retirement allowance shall be equal computed as follows: First 100 days x $25/day plus the next 100 days x $30/day plus remaining 25 days x $35/day for a total of $6,375.00. B. Any teacher eligible to five (5) days times receive compensation under the employee’s total service prorated based preceding paragraph who submits on a thirty-six and one quarter (36¼) hour workweek, to a maximum of one hundred and twenty-five days (125), paid at seven and one quarter (7¼) hours times the employee’s hourly rate of pay or before December 15 written notice that he/she will retire at the time end of her retirement or death. (b) If an employee applies for retirement allowance due the school year, shall be paid the additional sum of $1,500 and thereafter to illness or accident, the Employer may require the employee to appear for a medical examination by a doctor chosen by the Employer. be paid in accordance with paragraph (c) Notwithstanding that an employee is found eligible for retirement as specified in (a) or (b) above in immediately following. If a specific classificationteacher notified the Committee after the December 15 date, she may apply for and be employed in any other classification for which she may be qualified by reason the Committee will have the option of health, training and experience. (d) When an employee is laid off, paying the retirement allowance up to nineteen (19) months after notification is received. C. Amounts payable under this article shall be paid in a lump sum eighteen (18) months after on the first regular pay date following the date she was laid offof retirement. In the event of the death of a teacher eligible to receive compensation under paragraph A of this article, the amount payable under this article shall be paid to teacher's spouse, or if none, to the estate of the deceased teacher. (e) At the employee's requestD. Committee may, the payment of the allowance but need not, grant retirement benefits to any teacher not otherwise eligible for compensation under this article for such reason or reasons as shall be: (1) A lump sum payment at the time of entitlement, or (2) Held over seem appropriate to the next taxation yearCommittee. The grant, or any other year following entitlementdenial, or (3) Converted imposition of terms and imposition of conditions by the employee Committee with respect to an individual income averaging annuity payable at normal retirement agethe same shall be conclusive and shall not be subject to grievance or arbitration. (f) Notwithstanding any E. The number of accumulated days of sick leave accumulated when a teacher worked less than full time shall be prorated on the provisions of this Article, an employee who normally would be entitled to retirement allowance may, within five (5) years of retirement, subject to satisfactory notice to the Employer, and when replacement is available, take up to three (3) paid pre-retirement vacations, with no more than one vacation in any school-year, to be charged against her retirement allowance. Vacation leave shall not accumulate during the time basis of such preteacher's full-retirement vacation leavetime equivalency. (g) In order to allow for orderly work scheduling a request for conversion to a pre-retirement vacation equivalent must be submitted at least sixty (60) days in advance. (h) When calculating retirement allowance entitlement for an employee who has at least five (5) years seniority, retirement allowance for less than a full year shall be on a pro-rata basis (ex: 1/2 year equals 2 1/2 days' pay).

Retirement Allowance. (a) When Subject to Articles 32.04(c) and (d) and 32.05 below, when an employee with a continuous service date falling before March 31, 2016 and having continuous service of five (5) years of continuous permanent service or more more, who elected a retirement allowance deferral retires due to illnessdisability, accident, death or age, or is laid offdies, the Employer shall pay such an employee or her beneficiary of employee, a retirement allowance in a lump sum. The calculation of retirement allowance shall be equal to five (5) days times the employee’s total days' pay for each full year of continuous service and prorated based on a thirty-six and one quarter (36¼) hour workweek, to a maximum for each partial years of service but not exceeding one hundred and twenty-five days (125)) days' pay, paid at seven and one quarter (7¼) hours times the employee’s hourly 's regular rate of pay at pay. Such allowance for seasonal or part-time employees will be pro-rated on the basis of time of her retirement or deathworked in relation to the hours normally worked by a full-time employee. (b) If An employee who "retires" is one who: (i) retires at age fifty-five (55) (or later): or (ii) is granted under the applicable pension plan • an employee applies for retirement annual allowance due to illness (an actuarially reduced pension); or accident, the Employer may require the employee to appear for a medical examination by a doctor chosen by the Employer• an immediate pension. (c) Notwithstanding that Where an employee is found eligible for with a continuous service date falling before March 31, 2016, who elected a retirement as specified in (a) allowance deferral dies, or (b) above in a specific classification, she may apply for and be employed in any other classification for which she may be qualified by reason of health, training and experience. (d) When an employee is laid offretires due to disability or age, the retirement allowance shall be paid in a lump sum eighteen payment, payable forthwith to the employee, their beneficiary, or estate as the case may be. (18d) months The retirement allowance was discontinued effective March 31, 2016 as follows: (i) Employees with a continuous service date falling on or after March 31, 2016 are not eligible for a retirement allowance. (ii) Employees with a continuous service date falling before March 31, 2016, who elected a retirement allowance deferral, shall retain the date she was laid offfull years of continuous service, and prorated credit for partial years of service, accumulated up to March 31, 2016 for the purpose of calculating the retirement allowance. These employees will not accumulate further service credits beyond March 31, 2016 for the purpose of calculating the retirement allowance. (e) At For the employee's request, the payment purposes of the allowance shall be: (1) A lump sum payment at the time of entitlement, or (2) Held over to the next taxation year, or any other year following entitlement, or (3) Converted by the employee to an individual income averaging annuity payable at normal retirement age. (f) Notwithstanding any of the provisions of this ArticleArticle 32.04, an employee who normally would be entitled was deemed to have deferred their retirement allowance mayper Article 32.05 (e) of the previous Agreements that each expired on February 29, within five (5) years of retirement, subject to satisfactory notice to the Employer, and when replacement is available, take up to three (3) paid pre-retirement vacations, with no more than one vacation in any school-year, 2020 shall continue to be charged against her retirement allowance. Vacation leave shall not accumulate during the time of such pre-retirement vacation leave. (g) In order to allow for orderly work scheduling a request for conversion to a pre-retirement vacation equivalent must be submitted at least sixty (60) days in advance. (h) When calculating retirement allowance entitlement for considered an employee who has at least five (5) years seniority, been deemed to have deferred their payment until retirement and as such shall be considered an employee who elected a retirement allowance for less than a full year shall be on a pro-rata basis (ex: 1/2 year equals 2 1/2 days' pay)deferral.

Retirement Allowance. (a) When an employee having seniority of five (5) years of continuous permanent service or more retires due to illness, accident, death or age, or is laid off, the Employer District shall pay such employee or his/her beneficiary a retirement allowance in a lump sum. The calculation of retirement allowance shall be equal equivalent to five (5) days times the employee’s total service prorated based on a thirty-six and one quarter (36¼) hour workweek, to a maximum days' pay for each full year of seniority but not exceeding one hundred and twenty-five days (125), paid ) days’ pay. Pay for such purpose shall be calculated at seven and one quarter (7¼) hours times the employee’s hourly 's rate of pay remuneration at the time of his/her retirement or deathdeath and shall be paid in a lump sum. (b) If an employee applies for retirement allowance due to illness or accident, the Employer may require the employee to appear for a medical examination by a doctor chosen by the Employer. (c) Notwithstanding that an employee is found eligible for retirement as specified in (a) or (b) above in a specific classification, he/she may apply for and be employed in any other classification for which he/she may be qualified by reason of health, training and experience. (d) When an employee is laid off, the retirement allowance shall be paid in a lump sum eighteen (18) months after the date he/she was laid off. (e) At the employee's request, the payment of the allowance shall be: (1) A lump sum payment at the time of entitlement, or (2) Held over to the next taxation year, or any other year following entitlement, or (3) Converted by the employee to an individual income averaging annuity payable at normal retirement age, or (4) Converted in a pre-retirement vacation equivalent. (f) Notwithstanding any of the provisions of this Article, an employee who normally would be entitled to retirement allowance may, within five (5) years of retirement, subject to satisfactory notice to the Employer, and when replacement is available, take up to three (3) paid pre-retirement vacations, with no more than one vacation in any school-year, to be charged against his/her retirement allowance. Vacation leave shall not accumulate during the time of such pre-pre- retirement vacation leave. (g) In order to allow for orderly work scheduling a request for conversion to a pre-retirement vacation equivalent must be submitted at least sixty (60) days in advance. (h) When calculating retirement allowance entitlement for an employee who has at least five (5) years years’ seniority, retirement allowance for less than a full year shall be on a pro-pro rata basis (ex: 1/2 one-half (½) year equals two and one-half (2 1/2 ½) days' ’ pay).

Retirement Allowance. (a) When Subject to the limitations in 47.01 (c), (d) and 47.02 below, when an employee having with a continuous service date falling before March 31, 2016 and continuous service of five (5) years of continuous permanent service or more more, who elected a retirement allowance deferral, dies, retires due to illness, accident, death disability or age, or is laid off, the Employer shall pay such an employee or her beneficiary of employee, a retirement allowance in a lump sum. The calculation of retirement allowance shall be equal to five (5) days times the employee’s total days' pay for each full year of continuous service and prorated based on a thirty-six and one quarter (36¼) hour workweek, to a maximum for each partial year of continuous service but not exceeding one hundred and twenty-five days (125)) days' pay, paid at seven and one quarter (7¼) hours times the employee’s hourly 's regular rate of pay at pay. Such allowance for part-time employees will be pro-rated on the basis of time of her retirement or deathworked in relation to the hours normally worked by a full-time employee. (b) If an An employee applies for retirement allowance who "retires" is one who retires (i) at age fifty-five (55) (or later), or (ii) due to illness disability, or (iii) is granted under the Public Service Pension Plan - an annual allowance (an actuarially reduced pension); or accident, the Employer may require the employee to appear for a medical examination by a doctor chosen by the Employer- an immediate pension. (c) Notwithstanding that Where an employee is found eligible for with a continuous service date falling before March 31, 2016 who elected a retirement as specified in (a) allowance deferral, dies, or (b) above in a specific classification, she may apply for and be employed in any other classification for which she may be qualified by reason of health, training and experience. (d) When an employee is laid offretires due to disability or age, the retirement allowance shall be paid in a lump sum eighteen payment, payable forthwith to the employee, the employee’s beneficiary, or estate as the case may be. (18d) months The retirement allowance was discontinued March 31, 2016 as follows: (i) Employees with a continuous service date falling on or after March 31, 2016 are not eligible for a retirement allowance. (ii) Employees with a continuous service date falling before March 31, 2016 who elected a retirement allowance deferral shall retain the date she was laid offfull and partial years of continuous service accumulated up to March 31, 2016 for the purpose of calculating the retirement allowance. These employees will not accumulate further service credits beyond March 31, 2016 for the purpose of calculating the retirement allowance. (e) At For the employee's request, the payment purposes of the allowance shall be: (1) A lump sum payment at the time of entitlement, or (2) Held over to the next taxation year, or any other year following entitlement, or (3) Converted by the employee to an individual income averaging annuity payable at normal retirement age. (f) Notwithstanding any of the provisions of this ArticleArticle 47.01, an employee who normally would be entitled was deemed to have deferred their retirement allowance mayper Article 44.02(e) of the previous Collective Agreement that expired on June 30, within five (5) years of retirement, subject to satisfactory notice to the Employer, and when replacement is available, take up to three (3) paid pre-retirement vacations, with no more than one vacation in any school-year, 2018 shall continue to be charged against her retirement allowance. Vacation leave shall not accumulate during the time of such pre-retirement vacation leave. (g) In order to allow for orderly work scheduling a request for conversion to a pre-retirement vacation equivalent must be submitted at least sixty (60) days in advance. (h) When calculating retirement allowance entitlement for considered an employee who has at least five (5) years seniority, been deemed to have deferred his/her payment until retirement and as such shall be considered an employee who elected a retirement allowance for less than a full year shall be on a pro-rata basis (ex: 1/2 year equals 2 1/2 days' pay)deferral.

Retirement Allowance. (a) When Prior to issuing notice of layoff pursuant to Article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of layoff under Article Employees who elect early retirement will have the option of selecting either option A or An employee who elects an employee having five (5) years enhanced early retirement allowance shall receive, following completion of continuous permanent service or more retires due to illnessthe last day of work, accident, death or age, or is laid off, the Employer shall pay such employee or her beneficiary a retirement allowance in of three (3) weeks’ salary for each year of employment plus a lump sum. The calculation prorated amount for any additional partial year of retirement allowance shall be equal to five (5) days times the employee’s total service prorated based on a thirty-six and one quarter (36¼) hour workweekemployment, to a maximum of fifty two (52) weeks salary or fifty percent of earnings to age whichever is less. The option of salary continuance will be made available to those employees who indicate this preference. Where the employee who elects an enhanced early retirement allowance in accordance with this provision is part-time, their retirement allowance will be based upon their regular average weekly salary, exclusive of any premium payments, calculated over the twelve (12) month period immediately preceding their last day of work, except that any periods of long term or leave within that year shall not be considered, and the calculation shall be adjusted accordingly. A full-time employee who elects an enhanced early retirement allowance will be given the choice of: Receiving an amount of one hundred and twenty-five days dollars (125)$125.00) per month in lieu of benefits referred to in below for a period equivalent to one month for each year of employment to a maximum of twelve (12) months or age sixty-five whichever is less, paid at seven or Remaining in the semi-private, extended health and dental benefit plans for the length of the severance or to age whichever is less, provided Collective Agreement between The Ottawa Hospital and and its Local Expiry September the employee pays to the Hospital any difference between the full premium payment and one quarter hundred and twenty-five dollars (7¼$125.00) hours times the employee’s hourly rate of pay at the A regular part-time of her retirement or death. (b) If employee who elects an employee applies for enhanced early retirement allowance due will be given the choice of: Receiving an amount of eighty dollars ($80.00) per month in lieu of benefits, referred to illness in for a period equivalent to one month for each year of employment to a maximum of twelve (12) months or accidentuntil age sixty five (65) whichever is less, or Remaining in the Employer may require semi-private, extended health and dental benefit plans for the length of the severance or to age whichever is less, provided the employee pays to appear for the Hospital any difference between the full premium and eighty dollars ($80.00). An employee who elects an early retirement option shall receive, following completion of the last day of work, a medical examination by a doctor chosen by the Employer. (c) Notwithstanding that an employee is found eligible for retirement as specified in (a) or (b) above in a specific classification, she may apply for and be employed in any other classification for which she may be qualified by reason of health, training and experience. (d) When an employee is laid off, the retirement allowance of two weeks’ salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of weeks’ salary, and, in addition, full-time employees shall receive a single lump-sum payment equivalent to for each year less than age to a maximum of upon retirement. An employee who elects an early retirement option shall continue to be paid covered by insurance benefits in a lump sum eighteen (18) months after the date she was laid off. accordance with Article (e) At the employee's request, the payment of the allowance shall be: (1) A lump sum payment at the time of entitlement, or (2) Held over to the next taxation year, or any other year following entitlement, or (3) Converted by the employee to an individual income averaging annuity payable at normal retirement age. (f) Notwithstanding any of the provisions of this Article, an employee who normally would be entitled to retirement allowance may, within five (5) years of retirement, subject to satisfactory notice to the Employer, and when replacement is available, take up to three (3) paid pre-retirement vacations, with no more than one vacation in any school-year, to be charged against her retirement allowance. Vacation leave shall not accumulate during the time of such pre-retirement vacation leave. (g) In order to allow for orderly work scheduling a request for conversion to a pre-retirement vacation equivalent must be submitted at least sixty (60) days in advance. (h) When calculating retirement allowance entitlement for an employee who has at least five (5) years seniority, retirement allowance for less than a full year shall be on a pro-rata basis (ex: 1/2 year equals 2 1/2 days' pay).

Retirement Allowance. (a) When an employee having seniority of five (5) years of continuous permanent service or more retires due to illness, accident, death or age, or is laid off, the Employer District shall pay such employee or her his beneficiary a retirement allowance in a lump sum. The calculation of retirement allowance shall be equal equivalent to five (5) days times the employee’s total service prorated based on a thirty-six and one quarter (36¼) hour workweek, to a maximum days' pay for each full year of seniority but not exceeding one hundred and twenty-five days (125), paid days’ pay. Pay for such purpose shall be calculated at seven and one quarter (7¼) hours times the employee’s hourly 's rate of pay remuneration at the time of her his retirement or deathdeath and shall be paid in a lump sum. (b) If an employee applies for retirement allowance due to illness or accident, the Employer may require the employee to appear for a medical examination by a doctor chosen by the Employer. (c) Notwithstanding that an employee is found eligible for retirement as specified in (a) or (b) above in a specific classification, she he may apply for and be employed in any other classification for which she he may be qualified by reason of health, training and experience. (d) When an employee is laid off, the retirement allowance shall be paid in a lump sum eighteen (18) months after the date she he was laid off. (e) At the employee's request, the payment of the allowance shall be: (1) A lump sum payment at the time of entitlement, or (2) Held over to the next taxation year, or any other year following entitlement, or (3) Converted by the employee to an individual income averaging annuity payable at normal retirement age, or (4) Converted in a pre-retirement vacation equivalent. (f) Notwithstanding any of the provisions of this Article, an employee who normally would be entitled to retirement allowance may, within five (5) years of retirement, subject to satisfactory notice to the Employer, and when replacement is available, take up to three (3) paid pre-retirement vacations, with no more than one vacation in any school-year, to be charged against her his retirement allowance. Vacation leave shall not accumulate during the time of such pre-retirement vacation leave. (g) In order to allow for orderly work scheduling a request for conversion to a pre-retirement vacation equivalent must be submitted at least sixty (60) days in advance. (h) When calculating retirement allowance entitlement for an employee who has at least five (5) years years’ seniority, retirement allowance for less than a full year shall be on a pro-pro rata basis (ex: 1/2 ½ year equals 2 1/2 ½ days' ’ pay).