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
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