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If I choose to transfer to the new IIP and freeze my sick credits as at December 31, 2009, and then die before termination or retirement, what happens to my days?

April 26, 2017Credits december 31 2009 die freeze iip sick termination transfer

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If I choose to transfer to the new IIP and freeze my sick credits as at December 31, 2009, and then die before termination or retirement, what happens to my days?

1 Answer

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Any remaining frozen sick pay credits will be paid to your estate based on the sick pay gratuity formula in accordance with the Collective Agreement and based on your service as at December 31, 2009. The payout will be based on the rate of pay at the time death and paid to your ESTATE.