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What is pre-retirement transition leave?

What is pre-retirement transition leave?

Pre-retirement transition leave is a special working arrangement whereby eligible persons who are within two years of retirement have their workweek reduced by up to 40 per cent. For a full-time person, this represents up to two out of five working days.

What is the meaning of pre-retirement?

: of, relating to, or occurring in a time before retirement preretirement income preretirement planning the preretirement years.

What is family related leave?

Employees are eligible for personal and family responsibility leave if they have been employed at least 90 days with the same employer. Leave must be considered necessary for: the health of the employee or, for the employee to meet his or her family responsibilities in relation to a family member.

How do I retire early from federal government?

To qualify for an immediate, unreduced retirement, you would need 30 years of service or more if you were between your MRA and age 60, and at least 20 years of service at age 60 or 61. At age 62, only five years of creditable civilian service is required for an immediate unreduced retirement.

When to apply for pre retirement transition leave?

Pre-retirement transition leave is a special working arrangement where if you are within two years of retirement, you may request to have your workweek reduced by up to 40% or up to two out of the five working days.

What is the Treasury Board’s pre retirement transition leave policy?

The Treasury Board’s Pre-Retirement Transition Leave Policy states under Section 5 – Policy Requirements that: “pay for participating employees would be adjusted to reflect the shorter workweek, but their pension and benefits coverages, as well as premiums and contributions, would continue at pre-arrangement levels”.

How long can you take pre retirement leave in Canada?

You may wish to visit the Government of Canada Pension Centre site to find additional information on preparing for retirement or Appendix C of the Directive on Leave and Special Working Arrangements. Employees may take pre-retirement transition leave for up to two years, but must agree to resign at the end of the leave period.

What do you need to know about transition leave?

Transition Leave Overview. Document AR 600-8-10, Leave and Pass Administrative Absences, governs leave. Transition leave is ordinary leave chargeable to the Soldiers accrued leave account and granted together with transition from the service, to include retirement.