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HomeMy WebLinkAboutOCDSB 199 - XY Leave Notification Form Elementary 2025OCDSB #199 X/Y (Self-funded) Leave Notification page 1 OCDSB 199 X/Y Leave Notification (Due no later than March 1st, prior to start of leave) FOR EMPLOYEE COMPLETION Employee Name ___________________________ EIN _________________ SIN _________________ Home Address _______________________________________________________________________________ Leave Plan (e.g. 4/5) __________ Leave Start __________________ Leave End __________________ Job Title _______________________________ Work Location ____________________________________ Please check the appropriate option, below, to notify Employee Services of your self-funded leave intent. 1.) □ I am proceeding on my self-funded leave. Please process payment as noted below under Disbursement. Disbursement: The money you have accumulated may be paid to you in one or two lump sum payments. You may wish to consider balancing your disbursement to reflect your normal yearly salary as these funds are subject to all applicable deductions (CPP, tax, pension, and federation fees). EXAMPLES All Employees (12 or 10-month X/Y Leaves) Disbursement: Lump Sum 1: 40% (Sep 1st) Lump Sum 2: 60% (Jan 1st) Secondary Teachers Only (6-Month X/Y Leaves) Disbursement for August - January: 90% (Aug 1st) & 10% (Jan 1st) Disbursement for February - July: 100% (Feb 1st) Disbursement Options •One lump sum at 100% or •Two lump sums Payment Percentage Options •100% •40% / 60% •other *Percentages based on 5% increments only ex. 45%/55% or 35%/65% NOT 42%/58% Processing Date(s) (YY/MM/DD) * NOTE: Payment WILL take 10-15 business days from the Process Date(s) you choose Payment Method Options •Cheque mailed to home •Direct deposit (same as payroll deposit) •Should you need to change your direct deposit bank account, please submit OCDSB #298 Direct Deposit Change form Lump Sum #1 % Lump Sum #2 % * Process Dates: The Process Date represents the date that funds will be released to the OCDSB. The Payroll Department will issue your payment on the first available pay date, following the Process Date.Typically, this is the second pay date of the month. Ex: Process Date of Sept 1, expect funds mid Sept. 2.) □ I am deferring my self-funded leave to next year. Note: Deferral is limited to one year only (6/7 leave plan cannot be deferred) 3.) □ I am withdrawing from my self-funded leave. Revenue Canada requires the OCDSB to make one payment, subject to all applicable deductions, within 60 days of withdrawal. This payment will be made via direct deposit to your bank account on file with the OCDSB. Should you wish to change this account, please submit OCDSB #298 Direct Deposit form. Employee Signature: __________________________________ Date: __________________________ OCDSB #199 X/Y (Self-funded) Leave Notification page 2 Your Credit Union 14 Chamberlain Avenue Ottawa, Ontario K1S 1V9 Re: Instructions for Payment to Employees Participating in Employee-Funded Sabbatical Leave Plan Attention: Tracy Quesnel, Investment Administrator Please forward a cheque to the Ottawa-Carleton District School Board as per the option(s) noted below. Upon receipt, Payroll will remove the appropriate deductions (CPP, Income Tax, Federation Dues) and issue a separate cheque to the Employee. Employee Name ___________________________ SIN _________________ EIN _________________ Home Address _____________________________________________________ Leave Start __________________ Leave End __________________ Employee is proceeding on Self-Funded Leave Pay out funds plus accrued interest in lump sum(s) in trust for the above listed OCDSB Employee as follows: 1st Payment % (Sept 01) _____________ Effective Date: ____________________ 2nd Payment % (Jan 01) : _____________ Effective Date: ____________________ Employee is withdrawing from Self-Funded Leave Pay 100% of the principal, plus accrued interest, in trust for the above listed OCDSB Employee. Please forward cheques to the attention of: Ottawa-Carleton District School Board Payroll Department 133 Greenbank Road, Nepean, Ontario K2H 6L3 Attention: Assistant Payroll Supervisor Yours Sincerely, Dianne Robertson, HR Team Manager Employee Services Ottawa-Carleton District School Board cc.Assistant Payroll Supervisor Employee PC&L File /!-- This code was added to remove the metadata from document view in Weblink -->