Item - 2020.CT18.6

The Board of Directors of TO Live:

1.  Approved the implementation of a Voluntary Separation Program, which has the same terms

and conditions as the Voluntary Separation Program at the City and will be extended to TO

Live staff who are eligible for retirement with an unreduced pension to provide for:

          -   a lump sum payment of one month's salary per completed year of service to a

              maximum of three months;

          -   payment for ancillary vacation and sick leave, if applicable; and

          -   a proposed departure date of no later than December 31, 2020.

2.  Subject to approval of Recommendation 1, forwards its decision to the City's Executive

Committee through the Budget Committee, for information.

The purpose of this report is to seek Board approval to offer a Voluntary Separation Program

(VSP) for TO Live staff, similar to the program offered by the City of Toronto.