EMPLOYEE’S PENSION PLAN. All permanent employees not previously enrolled shall become members of the ONTARIO MUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM Plan (O.M.E.R.S.) immediately upon hire. Basic retirement benefits shall be determined by a FINAL AVERAGE EARNINGS formula based on two per cent (2%) of the average of an employee’s highest sixty (60) consecutive months of earnings for service after enrollment in O.M.E.R.S. times years of credited service after enrollment in O.M.E.R.S., integrated with the Canada Pension Plan. Benefits to supplement the Basic Plan are included in the two Agreements described below:
EMPLOYEE’S PENSION PLAN. All permanent full-time employees must immediately participate in the Ontario Municipal Employees Retirement System plan (OMERS). Temporary full-time and part-time employees may be eligible for participation in OMERS provided certain criteria as established in the Pensions Benefits Act amendments are met by the employee and the employee opts to participate. Enrolment and contributions to the OMERS plan are in accordance with the rules and regulations of the plan as amended from time to time.
EMPLOYEE’S PENSION PLAN. The Board will make pension deductions from the payments to the employee in accordance with the requirements of the applicable pension plan (the Ontario Municipal Employees Retirement System or the Teachers' Pension Plan).
EMPLOYEE’S PENSION PLAN. 22.07 All permanent full-time employees must immediately participate in the Hospital Of Ontario Pension Plan (HOOPP). Temporary full-time and part-time employees may be eligible for participation in HOOPP provided certain criteria as established in the Pensions Benefits Act amendments are met by the employee and the employee opts to participate. Enrolment and contributions to the HOOPP plan are in accordance with the rules and regulations of the plan as amended from time to time. Enrolment in the pension plan for temporary full time and part time employees will result in a reduction in the payment in lieu by an amount equal to the employer’s contribution to the plan on behalf of the employee.
EMPLOYEE’S PENSION PLAN. All permanent employees not previously enrolled, shall become members of the ONTARIO MUNICIPAL EMPLOYEES' RETIREMENT SYSTEM plan immediately upon hire. *New **Change Basic retirement benefits shall be determined by FINAL AVERAGE EARNINGS formula based on two per cent (2%) of the average on an employee's highest sixty (60) consecutive months of earnings for service after enrollment in times years of credited service after enrollment in integrated with the Canada Pension Plan. Benefits to supplement the Basic Plan are included in the two agreements described below: Type Supplementary credited service prior to employer's enrollment in Full Type Supplementary unreduced early retirement for members years of age or older who are permanently partially disabled or employees who commenced employment prior to December and have thirty (30) years of service with the Corporation. Each member shall contribute toward the cost of the plan and the Corporation shall pay in accordance with regulations. Any changes to these plans other than those initiated by to be agreed upon by the Corporation and the Union. Compulsory retirement for all permanent employees is the end of the calendar half year in which the employee reaches sixty- five (65) years of age, unless an extension of this period is approved by mutual agreement between the Union and the Corporation. EMPLOYEES ARE REQUESTED TO THE BOOKLET FOR DETAILED APPENDIX JOB TITLES AND HOURLY WAGE RATES EFFECTIVE AS OF A.M. FEBRUARY ( INCREASE ACROSS THE BOARD) BAND TITLE Step Step2 Step Step Temporary Labourer Courier Parks Maintainer Building Maintenance Custodian Building Maintenance Assistant Roads Patroller Stockkeeper Cemetery Service Person Gardener Facility Maintenance Aquatics Facility Attendant BAND TITLE Step Step2 Step Step Building Maintenance Locksmith Sewer Maintainer Assistant Parks Maintainer Turf Roads Maintainer Sanitation Traffic Repairperson Parks Maintainer Sportsfields Roads Maintainer Stockkeeper Senior Building Maintenance Generalist Horticulturist Parks Maintainer Facilities Parks Maintainer Turf Specialist Parks Maintainer Painter Facility Operator Technician Parks Maintainer Services Facility Operator Aquatics Forester Heavy Equipment Operator Sewer Maintainer Pipe Layer Sign Graphic Technician Sewer Maintainer Building Maintenance Certified Roads Maintainer *New **Change BAND TITLE Step Step2 Step Step4 Forester Specialist Sewer Maintainer Pumping Stations Building Maintenance Indentured Parks Maint...
EMPLOYEE’S PENSION PLAN. All permanent employees not previously enrolled shall become members of the ONTARIO MUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM Plan immediately upon hire. Basic retirement benefits shall be determined by a FINAL AVERAGE EARNINGS formula based on two per cent (2%) of the average of an employee’s highest sixty (60) consecutive months of earnings for service after enrollment in times years of credited service after enrollment in integrated with the Canada Pension Plan. Benefits to supplement the Basic Plan are included in the two Agreements described below: Type I Supplementary credited service prior to employer’s enrollment in Full Type Supplementary unreduced early retirement for members years of age or older, who are permanently partially disabled or employees who commenced employment prior to December and have thirty (30) years of service with the Corporation. Each shall contribute toward the cost of the plan and the Corporation shall pay in accordance with regulations. Any changes to these plans other than those initiated by are to be agreed upon by the Corporation and the Union. EMPLOYEES ARE REQUESTED TO READ THE BOOKLET FOR DETAILED INFORMATION. WORKPLACE SAFETY AND Where, as a result of injuries received by an employee while in the course of employment with the Corporation, an employee is entitled to receive temporary total disability payments from Workplace Safety and Insurance Board of Ontario, the Corporation shall pay to such employee an amount equal to ninety per cent (90%) of average weekly earnings minus the amount of total temporary disability payments from the Workplace Safety and insurance Board, and such payment shall not be deducted from the employee’s accumulated sick leave. Average weekly earnings shall have the same meaning as it does from time to time under the provisions of the Workplace Safety and Insurance Act and the regulations thereunder.
EMPLOYEE’S PENSION PLAN. (As In Effect May The following highlights are designed to answer some of the questions that are most commonly asked about your pension plan. This explanation of the Plan is governed by the terms of the Plan document which sets forth the provisions in detail. The word “Company” used in this description of the Plan refers to Xxxxx River-Marathon, Ltd. What does the An income to you when you retire for as long as you live, with a minimum of monthly payments, or another form of pension of equal value. Effective January for anyone retiring on or January the pension payments under the basic plan are increased from to Who the The Plan is available to all regular union employees of the Company’s Marathon, Ontario Mill operation. When does membershin in the commence? You will be required to join the Plan on the January on which you first fulfil either of the following requirements: Have both completed months of continuous service and attained Age 2 or Have completed months of continuous service, provided you are then under Age When do I retire and receive first You will reach Normal Retirement Age on your birthday. You will receive the first payment of pension on the 1 day of the next month. This day is known as the Normal Retirement Date. I retire earlier? You may choose to retire early on the first day of any month following your birthday. This day is known as the Early Retirement Date. If you choose to retire on or after your birthday and after you have completed at least years of service, the monthly pension you will receive will be the total pension credits you have earned to your Early Retirement Date without any reduction, subject to Revenue Canada restrictions described below. If you choose to retire before your birthday before completing at least years of service, you will receive an adjusted monthly pension equal to the actuarial equivalent of the pension credits you have earned to your Early Retirement Date. In any event, Revenue Canada rules limit the maximum pension you may receive to not more than your total pension credits reduced by of for each month by which your Early Retirement Date precedes the earliest of the following dates: you attain age
EMPLOYEE’S PENSION PLAN. Within the limits of the applicable law and the applicable pension fund regulations, HMT Holding agrees to use its best efforts to avoid that the Employee will suffer a loss with respect to his pension plan (Pensionskasse) as a result of the reduction pursuant to SECTION 1 of this Amendment Agreement.
EMPLOYEE’S PENSION PLAN. On the Entry Date, the Bank's Employees' Pension Plan (the "Bank Pension Plan") will be frozen, and all accrued benefits of participants in that Bank Pension Plan, including cost of living increases provided for in the Plan as of the date of freezing of such Plan, shall thereupon be fully vested and shall become payable at the times and in the amounts provided for under that Plan. No amendments except those required by law shall be made to the Bank Pension Plan prior to the Entry Date. All Lafayette and Bank employees satisfying eligibility requirements of such plan as of the Entry Date will be entitled to become eligible to participate in First Merchants retirement plan on the Entry Date, receiving credit for past service with Lafayette and the Bank for vesting, eligibility and benefit purposes under the First Merchants retirement plan. Benefits payable under the First Merchants retirement plan to former Lafayette or Bank employees shall be offset (but not below zero) by actuarial equivalent present values (as determined using the actuarial factors set forth in the Bank Pension Plan) of the accrued benefit payable to them under the Bank Pension Plan (excluding any cost of living adjustments accruing on or after the Entry Date). First Merchants shall be responsible for freezing of the Bank Pension Plan and for making any required or appropriate application to the IRS for a determination letter to the effect that such freezing will not adversely affect the tax-qualified status of such plan and for providing any notices to the Pension Benefit Guaranty Corporation or other governmental entity regarding the withdrawal.
EMPLOYEE’S PENSION PLAN. All permanent employees not previously enrolled shall become members of the ONTARIOMUNICIPAL EMPLOYEES’ RETIREMENT plan immediately upon hue. retirement benefits shall be determined by a FINAL AVERAGE EARNINGS formula based on two per cent (2%) of the average of an employee’s highest sixty (60) consecutive months of for service after enrolment in times years of credited service after enrollment in integrated with the Canada Pension Plan. to supplement the Basic Plan are included in the two Agreements described below: Type I Supplementary credited service prior to employer’s enrolment in Supplementary unreduced early for members years of age or older, who are partially or employees who commenced employment prior ‘to December and have thirty (30) years of service the Corporation. the Each member shall contribute toward Corporation shall pay in accordance Any changes to these plans other than initiated by are to be agreed upon by the Corporation and Union.
