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eNgineering, aRchitecture and Land Survey (NR) Group

eNgineering, aRchitecture and land survey (NR) Group
Severance Cash-Out

April 2012

On January 25, 2012 the NR agreement was signed, one of the significant issues in the new agreement is:

Severance pay and options relating to:

The employer had three (3) months to give you a statement of severance benefits, ie. by April 24, 2012, in order that you exercise one of the following options:

A- Cash-out severance in its entirety based on January 25, 2012 salary

B- Cash-out a part of your severance and receive the remainder when you retire or resign at its value at that time.

C- Leave your severance pay credits in, till you retire or resign at the value at the time of resignation or retirement

Should you not make a selection, the default will be option “c”

Should the employer fail to meet the April 24, 2012 deadline, contact your HR or pay administration.

Michel Gingras
PIPSC Negotiator
April 23, 2012

Publish Date: 25-APR-2012 12:27 PM
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