Sick leave credit gratuities amount
 42.1 (1) The sick leave credit gratuities amount for a district school board for the fiscal year is determined by subtracting the amount determined under subsection (3) from the amount determined under subsection (2). If the result is negative, it is deemed to be zero. O. Reg. 219/16, s. 10. (2) Take the total of the following: 1. For each teacher employed by the board who is a member of the Ontario English Catholic Teachers’ Association or the Association des enseignantes et des enseignants franco-ontariens who is eligible to receive a sick leave credit gratuity for the purposes of section 4 of Ontario Regulation 1/13 (Sick Leave Credits and Sick Leave Credit Gratuities) made under the Act and who declares the intention by May 31, 2016 to receive an early gratuity payout, i. if the teacher is 58 years or older, divide the amount of the teacher’s sick leave credit gratuity by 1.02, ii. if the teacher is less than 58 years old, divide the amount of the teacher’s sick leave credit gratuity by 1.0787 to the power of (58 minus the teacher’s age in years as of June 30, 2016). 2. For each teacher employed by the board who is a member of the Ontario Secondary School Teachers’ Federation or the Elementary Teachers’ Federation of Ontario who is eligible to receive a sick leave credit gratuity for the purposes of section 4 of Ontario Regulation 1/13 made under the Act and who declares the intention by June 30, 2016 to receive an early gratuity payout, i. if the teacher is 58 years or older, divide the amount of the teacher’s sick leave credit gratuity by 1.02, ii. if the teacher is less than 58 years old, divide the amount of the teacher’s sick leave credit gratuity by 1.0787 to the power of (58 minus the teacher’s age in years as of June 30, 2016). 3. For each employee of the board who is a member of the Canadian Union of Public Employees, the Ontario Secondary School Teachers’ Federation – Education Workers, the Elementary Teachers’ Federation of Ontario – Education Workers, the Ontario Council of Education Workers and the Education Workers’ Alliance of Ontario who is eligible to receive a sick leave credit gratuity for the purposes of section 4 of Ontario Regulation 1/13 made under the Act and who declares the intention by June 30, 2016 to receive an early gratuity payout, i. if the employee is 61 years or older, divide the amount of the employee’s sick leave credit gratuity by 1.02, ii. if the employee is less than 61 years old, divide the amount of the employee’s sick leave credit gratuity by 1.0787 to the power of (61 minus the employee’s age in years as of June 30, 2016). 4. For each employee of the board, including a principal or vice-principal, who is not in a bargaining unit who is eligible to receive a sick leave credit gratuity for the purposes of section 4 of Ontario Regulation 1/13 made under the Act and who declares the intention by June 30, 2016 to receive an early gratuity payout, i. if the employee is 59 years or older, divide the amount of the employee’s sick leave credit gratuity by 1.02, ii. if the employee is less than 59 years old, divide the amount of the employee’s sick leave credit gratuity by 1.0787 to the power of (59 minus the employee’s age in years as of June 30, 2016). O. Reg. 219/16, s. 10. (3) Subtract the amount determined under paragraph 2 of this subsection from the amount determined under paragraph 1 of this subsection. If the result is negative, it is deemed to be zero. 1. The amount, determined as of the last day of the 2015-2016 fiscal year, that would be the amount payable by the board in respect of sick leave credit gratuities for employees of the board had none of the employees of the board declared the intention to receive an early gratuity payout. 2. The amount determined under paragraph 5 of section 6 of Ontario Regulation 488/10 (Determination of Boards’ Surpluses and Deficits) made under the Act. (The amount determined under paragraph 5 of section 6 of Ontario Regulation 488/10 made under the Act is the amount determined by going through the determination process set out in paragraphs 1 through 5 of section 6 of Ontario Regulation 488/10 made under the Act.) O. Reg. 219/16, s. 10. (4) In this section, a reference to the amount of a teacher’s or employee’s sick leave credit gratuity means the amount of the sick leave credit gratuity under subsection 4 (2) of Ontario Regulation 1/13 made under the Act, and the amount payable by the board in respect of sick leave credit gratuities has the corresponding meaning. O. Reg. 219/16, s. 10.