RETENTION INCENTIVE 2022

Update from March 17, 2023:

If you have questions/concerns about the reconciliation of your incentive payment with your actual hours worked at the end of the program term, please notify your Nurse Manager & HR Representative and your Local Union President immediately upon receiving your pay stub to ensure that it can be investigated and resolved appropriately.

From the original post:

We have finally received direction from HPEI on the roll out of the first retention incentive ($3500). The purpose of this program is to provide an incentive for RNs and NPs to remain working with HPEI for the next year.

Details are as follows:

1. Online application process opened late on November 23/22
2. Full time and Part time RNs are eligible to apply for incentive
3. Casual RNs and NPs are eligible, provided they work at least 975 hours during the term of the program
4. Retention Incentive of $3500 is available and will be pro-rated based on your permanent position guarantee
   1. If you work full time hours (1950 hrs) during the program term, you are eligible for the full $3500 incentive
   2. Part time RNs and NPs who work a higher percentage than their guarantee will be entitled to a reconciliation of their incentive amount at the end* of the program term. If a part-time RN/NP works full time during the term, they will receive the entire $3500 incentive by the end of the term.
      
      
5. Term for return to service is Sept 4/22- Sept 3/23 (if hired on or before that date)
   1. If application submitted before December 6/22, the first installment payment will be on Dec 22^nd pay
   2. Second payment will be made in March 2023
6. Term for return to service of January 8/23- January 7/24 (if hired between Sept 5/22-Dec 31/22
   1. First installment will be in January 2023
   2. Second installment will be made in July 2023
7. Employees on leave (sick leave, compassionate leave, injury on duty, etc) are still eligible to apply, but the incentive would be pro-rated based on the hours worked during the term of the program.
8. The Union did request a separate check for the incentive, but since this is a taxable benefit (at a different rate than your salary), the impact is the same on your overall payout.

Please read the “Return to service” that is now available on- line @ https://www.princeedwardisland.ca/en/service/nurse-retention-incentive-program

We are still waiting for details on the implementation of the Priority and Retirement Incentives.

*4.2 was amended when the Union became aware that the RIS Agreement indicated that the reconciliations would only occur at the end of the program term.
We want to thank our members who identified the issue after inquiring with Health PEI and then promptly contacted their Local Union Representatives so that we were able to update this post accordingly. We regret that the discrepancy between our understanding of the implementation plan and the details contained in the RIS Agreement with Health PEI, had not been identified sooner to avoid the confusion and apologize for any inconvenience this may have caused our members.