I am an employee hired prior to July 31, 2009, with the Sick Pay Plan accumulating 1 ½ days per month. What are my options?

Your options are: a) Transfer to the IIP on January 1, 2010; OR, b) Remain in the current Sick Pay Plan. Further, if you choose a) above, you also have to provide an election to either: i) receive a Special Payout of your sick bank based on its value as at December 31, 2009. The Special Payout will be made in December 31, 2009, and in accordance with the Special Payout/Payment Schedule.

Following the payout, your sick bank will be eliminated; OR ii) freeze your sick pay credits, if any, as at December 31, 2009. If you choose this option, your capped sick pay credits will be used to top-up your IIP coverage if necessary. If you have any remaining unused capped sick pay credits when you terminate your employment (i.e.

, due to resignation, death or retirement), you will receive a payout based on the Sick Pay Gratuity formula in accordance with the provisions of the collective agreement and your completed years of service as at December 31, 2009. The rate of pay will be based on the base ... more.

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