Board Policies & Administrative Procedures

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AP 4 – 15: Deferred Salary Leave Plan

Related Policies:
Related Procedures:
Exhibits:
Initial Approval: 
Last Amended: 2019 December 17
Last Reviewed: 2019 December 17


PURPOSE

To ensure there are benefits resulting by affording employees the opportunity to take a one year leave of absence with pay by deferring salary to the year of the leave.


SCOPE

This procedure applies to all staff.


DEFINITIONS

None


PROCEDURES

  1. Agreement
    The Board will enter into an agreement with the Alberta Teachers' Association (ATA) to establish a deferred salary leave plan within Chinook's Edge School Division.
  2. Selection
    Of Plan A committee consisting of the Superintendent, the Treasurer and a member appointed by the ATA Local will recommend to the Board a deferred salary leave plan to be selected.
  3. Eligibility
    Any person continuously employed by Chinook's Edge School Division, who has a minimum of five (5) years of service with the Board, shall be eligible.
  4. Application
    Deadline Employees must apply in writing to the Superintendent on or before July 31.
  5. Regulations
    The deferred salary leave plan will adhere to the regulations set forth in the agreement in the commercial plan selected.
  6. Administrative Charges
    There will be no administrative or related charges or related liability to the Board, regardless of the plan that has been selected. Should an administrative charge be levied by the financial institution, this will be paid by the individual participating in the plan.
  7. Benefits
    Benefit coverage for employees during the year of their leave will be the sole responsibility of the participant and will not be covered by the Board.
  8. Trust Account And Signatures
    The Board’s current financial institution shall be appointed the bank of each Deferred Salary Leave Plan trust account and that transactions shall bear the signature of the Chair or Vice-Chair and one of the Superintendent, Treasurer or Corporate Secretary.


REFERENCE AND LINKS

Education Act


HISTORY

2012 Oct 10 Reviewed
2019 Dec 17 Amended/Reviewed