Covenant Health Collective Agreement 2020-2024

LETTER OF UNDERSTANDING #16

BETWEEN

COVENANT HEALTH
(hereinafter referred to as the Employer)

- and -

HEALTH SCIENCES ASSOCIATION OF ALBERTA
(hereinafter referred to as the Union)

RE:  DEFERRED SALARY LEAVE PLAN

The Employer shall have in place, a policy which will allow interested Employees, who have completed their probationary period, to participate in a Deferred Salary Leave Plan (the Plan). Participation in the Plan shall be at the Employers discretion and subject to the operational requirements of the Employer.

During the period of time that the Employee is absent from work the Employee may continue to participate in the benefit plan as outlined in Article 25: Employee Benefit Plans, providing the Employee arranges, prior to the leave commencing, to pay for the full cost of the premiums (Employee and Employer shares). Employees participating in the Plan will not be eligible for the Flexible Spending Account during their absence from work.

The Plan will be administered in accordance with Canada Revenue Agency and Local Authorities Pension Plan regulations.

This Letter of Understanding will expire March 31, 2024, or upon the date of ratification of the next Collective Agreement, whichever is later.