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. 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. 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. 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 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 enrollment in times years 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 *NEW **CHANGE have thirty (30) years of service with the Corporation. Each member shall 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 the Corporation and the Union. Compulsory retirement for all permanent employees is the end of the calendar half year in which the employee reaches five (65) years of age, unless an extension of this period is approved by mutual agreement between the Union and the Corporation. EMPLOYEESARE REQUESTED TO READ THE BOOKLET FOR DETAILED INFORMATION. APPENDIX BAND TITLE Step Temporary Labourer Step Step Courier Parks Maintainer Building Parks Maintainer Equipment Building Maintenance Assistant Stockkeeper Senior BAND TITLE Step Step Step Step BAND TITLE Step Step Step Step Parks Maintained Facilities Parks Specialist Parks Maintained Painter Facility Operator/ Technician Facility Operator/ Aquatics Forester Building Maintenance Heavy Equipment Operator Sewer Layer Sign Graphic Technician Parks Maintained Welder Forester Specialist BAND TITLE Step Step Step Step WAC EFFECTIVE AS OF A.M. FEBRUARY BAND TITLE Step Step Step Step Temporary Courier Parks Maintainer Stockkeeper Building Maintenance/ Custodian Parks Maintainer Equipment Building Maintenance Assistant Stockkeeper Senior Cemetery Service Person Gardener Facility Maintenance BAND TITLE Step Step Step Step t BAND TITLE Step Step Step Step Specialist Parks Maintained Painter Facility Operator/ Technician Facility Operator/ Aquatics Forester Building Maintenance Heavy Equipment Operator Sewer Layer Sign Graphic Technician Parks Maintained Welder Forester Specialist Sewer Stations Building Maintenance/ Indentured BAND...
EMPLOYEE’S PENSION PLAN. (As In Effect May
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. 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. 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. 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 percent (2%) of the average of an employee’s highest sixty (60) consecutive months of earnings for service after enrolment in O.M.E.R.S. times years of credited service after enrolment in O.M.E.R.S., integrated with the Canada Pension Plan. Benefits to supplement the Basic Plan are included in the agreement described below: Type I Supplementary - credited service prior to employer’s enrolment in O.M.E.R.S. Each member and the Corporation shall make contributions towards the OMERS pension plan in accordance with plan regulations. The normal retirement date for all employees is the end of the month in which the employee reaches sixty-five (65) years of age. Employees who elect to work beyond the normal retirement age will continue to receive benefits subject to the provisions of the carrier, with the exception of LTD. Any changes to these Plans other than those initiated by O.M.E.R.S. to be agreed upon by the Corporation and the Union. EMPLOYEES ARE REQUESTED TO READ THE O.M.E.R.S. BOOKLET FOR DETAILED INFORMATION.
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.
