Effective April 1, 2022

In accordance with subsection 10.2.1 of this directive, the maximum amount of the posting loan, effective April 1, 2022, is $48,544 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 1st in accordance with the methodology agreed to by the NJC FSD Committee.