Appendix A – Maximum Loan Amount - Section 10.2

Effective April 1, 2020

In accordance with subsection 10.2.1 of this directive, the maximum amount of the posting loan, effective April 1, 2020, is $45,944 or up to 50 per cent of the employee's gross annual salary in effect at the time the loan is approved, whichever is the lesser.

Note:

The dollar amount shall be adjusted annually on April 1^st in accordance with the methodology agreed to by the NJC FSD Committee.