37Employees 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: (a) the employee was an employee of the CFM body immediately before the body’s sale day; and (b) at that time, the employee’s period of service for the purposes of the Long Service Leave Act was less than 10 years; and (c) from and after the body’s sale day, the employee continued to be employed by the CFM body or a related body; and (d) 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 (e) 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.