I am a part-time employee; how will the MOU apply to my vacation leave bank?

If you are a part-time employee and do not have any vacation banked, the MOU will not apply. If you are a part-time employee, and have a vacation bank that is under the seven-week carry-over allowed in art. 17.08 of the AJC Collective Agreement, then your vacation leave bank will not be reduced. 

If you are a part-time employee, and have a vacation bank that is over the seven-week carry-over allowed in art. 17.08 of the AJC Collective Agreement, then your excess vacation leave credits (i.e., all vacation leave credits over seven weeks) will be cashed out at the rate of 20% each year over the five-year period from March 31, 2022, to March 31, 2026. At the end of the period covered by the MOU (March 31, 2026), all remaining excess vacation leave will be cashed out.