Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service and who, under the provisions of the Pension (Public Service) Act or Pension Plan established pursuant to Article 32 is entitled to receive an allowance on retirement, is entitled to an amount equal to one hundred and fifty (150) hours at his current base salary and for each subsequent year of service is entitled to an additional thirty (30) hours for each subsequent year up to a maximum allowance of four hundred and fifty (450) hours.
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement
Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service service, and who, who under the provisions of the Pension (Public Service) Act or Service Pension Plan established pursuant to Article 32 Rules is entitled to receive an allowance pension benefits on retirement, is entitled to an amount equal to their salary for one hundred and fifty (150) hours at his current base salary month, and for each subsequent full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional thirty (30) hours for each subsequent year up amount equal to a maximum allowance one-fifth of four hundred and fifty (450) hourstheir monthly salary.
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement
Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) years of continuous service service, and who, who under the provisions of the Pension (Public Service) Act or Pension Plan established pursuant to Article 32 is entitled to receive an allowance a benefit on retirement, is entitled to an amount equal to his/her salary for one hundred and fifty (1501) hours at his current base salary month, and for each subsequent full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional thirty amount equal to one-fifth (301/5) hours for each subsequent year up to a maximum allowance of four hundred and fifty his/her monthly salary.
(450b) hours.For the purpose of this Article, one month's salary is:
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement
Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service and who, under the provisions of the Pension (Public Service) Act or Pension Plan established pursuant to Article 32 is entitled to receive an allowance on retirement, is entitled to an amount equal to one hundred and fifty (150) 150 hours at his current base salary and for each subsequent year of service is entitled to an additional thirty (30) 30 hours for each subsequent year up to a maximum allowance of four hundred and fifty (450) 450 hours.
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) years of continuous service service, and who, who under the provisions of the Pension (Public Service) Act or Union Pension Plan established pursuant to Article 32 is entitled to receive an a pension allowance on retirement, is entitled to an amount equal to his salary for one hundred and fifty (1501) hours at his current base salary month, and for each subsequent full year of service is entitled to an additional thirty exceeding twenty (3020) hours for each subsequent year up to a maximum allowance of four hundred and fifty (450) hours.years but not exceeding thirty
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service service, and who, who under the provisions of the Pension (Public Service) Act or Pension Plan established pursuant to Article 32 is entitled to receive an allowance a pension benefit on such retirement, is entitled to an amount to be paid out of the Consolidated Revenue Fund equal to their salary for one hundred and fifty (1501) hours at his current base salary month, and for each subsequent full year of service is entitled to an additional thirty exceeding twenty (3020) hours for each subsequent year up to a maximum allowance of four hundred and fifty (450) hours.years, but not exceeding thirty
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service and who, under the provisions of the Pension (Public Service) Act or Pension Plan established pursuant to Article 32 is entitled to receive an allowance on retirement, is entitled to an amount equal to one hundred and fifty (150) 150 hours at his current base salary and for each subsequent year of service is entitled to an additional thirty (30) 30 hours for each subsequent year up to a maximum allowance of four hundred and fifty (450) 450 hours.
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service and who, under the provisions of the Pension (Public Service) Act or Pension Plan pension plan established pursuant to Article 32 is entitled to receive an allowance on retirement, is entitled to an amount equal to one hundred and fifty (150) 150 hours at his their current base salary and for each subsequent year of service is entitled to an additional thirty (30) 30 hours for each subsequent year up to a maximum allowance of four hundred and fifty (450) 450 hours.
(b) The retirement allowance will only apply to regular employees who would be eligible as of June 30, 2019.
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service service, and who, who under the provisions of the Public Sector Pension (Public Service) Plans Act or Union Pension Plan established pursuant to Article 32 is entitled to receive an a pension allowance on retirement, is entitled to an amount equal to their salary for one hundred and fifty (1501) hours at his current base salary month, and for each subsequent full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional thirty amount equal to one-fifth (301/5) hours for each subsequent year up to a maximum allowance of four hundred and fifty their monthly salary. For the purposes of this article, one (4501) hours.months salary is
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service with the Employer, and who, who under the provisions of the Pension (Public Service) Act or Service Pension Plan established pursuant to Article 32 Rules is entitled to receive an allowance a pension benefit on retirement, is entitled to an amount equal to their salary for one hundred and fifty (150) hours at his current base salary month, and for each subsequent full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional thirty (30) hours for each subsequent year up amount equal to a maximum one-fifth of their monthly salary. The employee may opt to take the allowance as equivalent paid leave of four hundred and fifty (450) hoursabsence to be taken immediately prior to retirement.
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. Upon retirement from service, an employee Employee who has completed twenty (20) 20 years of continuous service service, and who, who under the provisions of the applicable Pension (Public Service) Act or Pension Plan established pursuant to Article 32 Acts is entitled to receive an allowance a pension on retirement, is entitled to an amount to be paid by the Employer equal to their salary for one hundred and fifty (150) hours at his current base salary and month and, for each subsequent full year of service exceeding 20 years, but not exceeding 30 years, is entitled to an additional thirty (30) hours for each subsequent year up amount equal to a maximum allowance one-fifth of four hundred and fifty (450) hourstheir monthly salary. It is understood that this benefit is not payable in addition to that provided by Section 49 of the Public Service Act.
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. Upon retirement from service, an employee who ,has completed twenty (20) years of continuous service and who, under the provisions of the Pension (Public Service) Act or Pension Plan established pursuant to Article 32 is entitled to receive an allowance on retirement, is entitled to an amount equal to one hundred and fifty (150) hours at his current base salary and for each subsequent year of service is entitled to an additional thirty (30) hours for each subsequent year up to a maximum allowance of four hundred and fifty (450) hours.
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service service, and who, who under the provisions of the Pension (Public Service) Act or Pension Plan established pursuant to Article 32 is entitled to receive an allowance a benefit on retirement, is entitled to an amount equal to their salary for one hundred and fifty (150) hours at his current base salary month, and for each subsequent full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional thirty (30) hours for each subsequent year up amount equal to a maximum allowance one-fifth of four hundred and fifty (450) hours.their monthly salary. For the purpose of this article, one month's salary is:
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service service, and who, who under the provisions of the Pension (Public Service) Act or Service Pension Plan established pursuant to Article 32 Rules is entitled to receive an allowance pension benefits on retirement, is entitled to an amount equal to their salary for one hundred and fifty (150) hours at his current base salary month, and for each subsequent full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional thirty (30) hours for each subsequent year up amount equal to a maximum allowance one‐fifth of four hundred and fifty (450) hourstheir monthly salary.
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service service, and who, who under the provisions of the Pension (Public Service) Act or Pension Plan established pursuant to Article 32 is entitled to receive an allowance a benefit on retirement, is entitled to an amount equal to his salary for one hundred and fifty (150) hours at his current base salary month, and for each subsequent full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional thirty amount equal to one-fifth (301⁄5) hours for each subsequent year up to a maximum allowance of four hundred and fifty (450) hourshis monthly salary.
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance.
(a) Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service and who, under the provisions of the Pension (Public Service) Act or Pension Plan pension plan established pursuant to Article 32 is entitled to receive an allowance on retirement, is entitled to an amount equal to one hundred and fifty (150) 150 hours at his their current base salary and for each subsequent year of service is entitled to an additional thirty (30) 30 hours for each subsequent year up to a maximum allowance of four hundred and fifty (450) 450 hours.
(b) The retirement allowance will only apply to regular employees who would be eligible as of June 30, 2019.
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service with the Employer, and who, who under the provisions of the Pension (Public Service) Act or Service Pension Plan established pursuant to Article 32 Rules is entitled to receive an allowance a pension benefit on retirement, is entitled to an amount equal to their salary for one hundred and fifty (150) hours at his current base salary month, and for each subsequent full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional thirty (30) hours for each subsequent year up amount equal to a maximum one fifth of their monthly salary. The employee may opt to take the allowance as equivalent paid leave of four hundred and fifty (450) hoursabsence to be taken immediately prior to retirement.
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service with the Employer, and who, who under the provisions of the Pension (Public Service) Act or Service Pension Plan established pursuant to Article 32 Rules is entitled to receive an allowance a pension benefit on retirement, is entitled to an amount equal to their salary for one hundred and fifty (150) hours at his current base salary month, and for each subsequent full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional thirty (30) hours for each subsequent year up amount equal to a maximum one fifth of their monthly salary. The employee may opt to take the allowance as equivalent paid leave of four hundred and fifty (450) hoursabsence to be taken immediately prior to retirement.
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) years of continuous service service, and who, who under the provisions of the Pension (Public Service) Act or Pension Plan established pursuant to Article 32 is entitled to receive an allowance a benefit on retirement, is entitled to an amount equal to his salary for one hundred and fifty (1501) hours at his current base salary month, and for each subsequent full year of service exceeding twenty (20) years but not exceeding thirty (30) years, is entitled to an additional thirty amount equal to one-fifth (301/5) hours for each subsequent year up to a maximum allowance of four hundred and fifty (450) hourshis monthly salary.
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service with the Employer, and who, who under the provisions of the Pension (Public Service) Act or Service Pension Plan established pursuant to Article 32 Rules is entitled to receive an allowance a pension benefit on retirement, is entitled to an amount equal to their salary for one hundred and fifty (150) hours at his current base salary month, and for each subsequent full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional thirty (30) hours for each subsequent year up amount equal to a maximum one-fifth of their monthly salary. The employee may opt to take the allowance as equivalent paid leave of four hundred and fifty (450) hoursabsence to be taken immediately prior to retirement.
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance. (a) Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service service, and who, who under the provisions of the Pension (Public Service) Act or Pension Plan established pursuant to Article 32 is entitled to receive an allowance a benefit on retirement, is entitled to an amount equal to his/her salary for one hundred and fifty (150) hours at his current base salary month, and for each subsequent full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional thirty amount equal to one-fifth of his/her monthly salary.
(30b) hours for each subsequent year up to a maximum allowance For the purpose of four hundred and fifty (450) hours.this article, one month's salary is:
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance.
(a) Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service service, and who, who under the provisions of the Pension (Public Service) Act or Pension Plan established pursuant to Article 32 is entitled to receive an allowance a benefit on retirement, is entitled to an amount equal to his/her salary for one hundred and fifty (150) hours at his current base salary month, and for each subsequent full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional thirty amount equal to one-fifth of his/her monthly salary.
(30b) hours for each subsequent year up to a maximum allowance For the purpose of four hundred and fifty (450) hours.this article, one month's salary is:
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance.
(a) Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service service, and who, who under the provisions of the Pension (Public Service) Act or Pension Plan established pursuant to Article 32 is entitled to receive an allowance a benefit on retirement, is entitled to an amount equal to their salary for one hundred and fifty (150) hours at his current base salary month, and for each subsequent full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional thirty amount equal to one-fifth of their monthly salary.
(b) The retirement allowance will only apply to regular employees who would be eligible at the time of the expiry of the existing collective agreement (September 30) hours for each subsequent year up to a maximum allowance of four hundred and fifty (450) hours, 2018).
Appears in 1 contract
Sources: Collective Agreement
Retirement Allowance.
(a) Upon retirement from service, an employee who has completed twenty (20) 20 years of continuous service service, and who, who under the provisions of the Pension (Public Service) Act or Pension Plan established pursuant to Article 32 is entitled to receive an allowance a benefit on retirement, is entitled to an amount equal to their salary for one hundred and fifty (150) hours at his current base salary month, and for each subsequent full year of service exceeding 20 years but not exceeding 30 years, is entitled to an additional thirty amount equal to one-fifth of their monthly salary.
(30b) hours for each subsequent year up to a maximum allowance For the purpose of four hundred and fifty (450) hours.this article, one month's salary is:
Appears in 1 contract
Sources: Collective Agreement