If you voluntarily select your one-time opportunity (before August 31) to have your severance paid out, you will not receive any severance payment when you retire.
However, please note that you will still continue to accumulate one (1) week of severance entitlement for every future complete year of continuous employment to be used in the event of layoff or death. Any such future severance payment would, of course, be reduced by the amount of your voluntary severance payout this year, as well as any previous severance benefit (e.g. the 1996 payout from Transport Canada).
If you have any question on this point, please contact your Regional Vice President.
Executive Vice President
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