9. Loan of Service

9. Loan of Service


Loans of service of Division employees may be granted by the Board of Trustees for a period not to exceed three (3) years to be approved on an annual basis.


Loans of service will only be granted for employment with public organizations, government departments, or service as an executive member on the local employee group.


For the purpose of calculating pension, seniority and other benefits for the employee for whom the loan of service has been granted, employment shall be deemed as continuous.


An employee who wishes to resume employment on the expiration of the loan of service granted in accordance with this section is guaranteed a position upon return in the same or comparable classification with not less than the same wages and benefits.


Loans of service may be granted for employment with an employee group with which the Division has a Collective Agreement.