Benefits and privileges of deputy head
5(1)Notwithstanding anything in this Act but subject to section 4.1, a deputy head who is a contributor under this Act is entitled to count, as pensionable service, elective service comprising any period of service for which the deputy head elects in accordance with subsection (2) to take leave without pay.
(a)
has attained the age of fifty years,
(b)
has served as a deputy head for not less than one year, and
(c)
has to his or her credit a prior period of pensionable service of at least twenty years,
may elect to take leave without pay for such period as is required to accumulate twenty-five years of pensionable service, and if he or she so elects shall contribute for that period the amount that he or she would have been required to contribute if he or she were receiving the salary he or she was receiving at the date of the election, at the contribution rate in effect at that time.
5(3)Notwithstanding anything in this Act but subject to section 4.1, a person who has served as a deputy head for not less than one year may retire with an immediate pension if he or she has attained the age of fifty-five years or more and has to his or her credit a period of pensionable service of at least twenty-five years.
1972, c.67, s.4; 1984, c.65, s.2; 1999, c.44, s.3; 2009, c.20, s.3; 2013, c.44, s.46