Article 23 : severance pay and lay-offs
23.1 The University will notify the Union five in writing (5) months in advance of the date employees may be laid-off. Affected employees will be notified of a permanent lay-off five (5) months in advance or such employees will receive payment of five (5) months’ notice in lieu-of or an amount proportional to the period of notice not completed. In the event of employee’s reduction due to technical and/or administrative changes, severance pay will be paid according to the period of continuous service in the Bargaining Unit, as followed:
CONTINUOUS SERVICE | SEVERANCE PAY |
---|---|
12 months | 2 weeks |
2 years | 4 weeks |
3 years | 6 weeks |
4 years | 8 weeks |
5 years | 10 weeks |
6 years | 12 weeks |
7 years | 13 weeks |
8 years | 13 weeks |
9 years | 13 weeks |
10 years | 14 weeks |
11 years | 15 weeks |
12 years | 16 weeks |
13 years | 17 weeks |
14 years | 18 weeks |
15 years | 19 weeks |
16 years | 20 weeks |
17 years | 21 weeks |
18 years | 22 weeks |
19 years | 23 weeks |
20 years | 24 weeks |
21 years | 25 weeks |
22 years | 26 weeks |
23 years | 26 weeks |