NAPE Members May Choose to Defer Their Severance

NAPE President Jerry Earle says that NAPE members may now choose to defer their severance and have it held by the provincial government until a later date or upon retirement.

Until now, members were required to elect which quarter of the 2018-19 fiscal year they wished to receive their severance entitlement.

The severance monies being held will not accrue interest and will not increase in value during the period that they are being held – the severance owed will be frozen at the March 31, 2018, amount until it is withdrawn.