Common use of EMPLOYEE’S PENSION PLAN Clause in Contracts

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 employees not previously enrolled enrolled, shall become members of the ONTARIO MUNICIPAL EMPLOYEES’ ' RETIREMENT SYSTEM Plan 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 on an employee’s 's highest sixty (60) consecutive months of earnings for service after enrollment enrolment in O.M.E.R.S. times years of credited service after enrollment enrolment in O.M.E.R.S., integrated with the Canada Pension Plan. Benefits to supplement the Basic Plan are included in the two Agreements agreements described below:

EMPLOYEE’S PENSION PLAN. All permanent employees not previously enrolled enrolled, shall become members of the ONTARIO MUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM Plan 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 on 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 agreements described below:

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 '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: