The lump sum payment will be calculated as follows:

Nurses with same employer for last 26 pay periods

2 per cent X the nurse's earnings (does not include overtime) in the 26 pay periods immediately preceeding the date of ratification.

Nurses with new employers

Nurses who are no longer with the employer prior to the date of ratification and have transferred to a new employer are still entitled to the lump sum payment. Nurses in this category must file an application with their former employer within 120 days of the ratification of the contract. 

If you have transferred to a new facility between June 16, 2010 and October 14, 2010 you must submit a written application (letter) to the employer you were previously employed with during any period from June 2009 to June 2010 to be eligible for the 2 per cent lump sum payment from that employer. 

The lump sum payment for nurses who are no longer with their employer but have transferred to a new employer will be calculated as follows:

2 per cent X the nurse's earnings (does not include overtime) for the number of full pay periods(26) she/he was employed with the former employer.

This lump sum payment is not deemed to be pensionable earnings and is not subject to the pension plan deductions.

The application for the 2 per cent lump sum payment must to made to your previous employer by october 14, 2010.