Employees reaching minimum retiring age or being retrenched
37 Employees reaching minimum retiring age or being retrenched
Subject to section 39, a CFM body or a related body must pay an employee an amount equal to full salary in respect of his or her long service leave credit under subsection 43(2) if:
the employee was an employee of the CFM body immediately before the body’s sale day; and
at that time, the employee’s period of service for the purposes of the Long Service Leave Act was less than 10 years; and
from and after the body’s sale day, the employee continued to be employed by the CFM body or a related body; and
the employee stopped being an employee of the CFM body or a related body, on or after reaching the minimum retiring age, or because of retrenchment; and
the employee’s combined service period at the time when he or she stopped being an employee of the CFM body or a related body was at least one year.
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