MERS Plan. All Full Time Civilians 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 a Full Time Civilian’s highest sixty (60) consecutive months of earnings for service after enrollment in O.M.E.R.S. times years of credited services after enrollment in O.M.E.R.S. reduced when a Full Time Civilian is entitled to Canada Pension benefits by .7% times the average of YMPE for the year the Full Time Civilian retires and the two preceding years times the period of credited service since January 1st, 1966 (to a maximum of 35 years). Benefits to supplement the Basic Plan are described below:
MERS Plan. The Employer offers the Municipal Employees Retirement System Benefit Plan B-3 to eligible employees hired on or before December 4, 2013. The Employer shall abide by the terms and conditions of the program with the Municipal Employees Retirement System. The entire bargaining unit must participate with the same percentage contribution of 13.07% for this Plan, and the Employee’s wages shall be reduced accordingly through payroll withholding deduction.
MERS Plan. For full time and regular part time employees hired prior to October 1, 2000, who qualify pursuant to the MERS Plan Document for Defined Benefit Plans, the County will provide the MERS B-3, F55/25, V-10, FAC 5, E-2 Retirement Defined Benefit Plan, with a 2.6% of compensation employee member contribution.
MERS Plan. The Employer provides, at no cost to the employees, Municipal Employees Retirement System Benefit Plan C-1. The Employer shall abide by all the terms and conditions of that program with the Municipal Employees Retirement System. On January 1, 1990, the unit elected to purchase the C-2 provisions with the full new differential cost paid by the employees through payroll withholding deduction.
MERS Plan. All Full-Time Fire Fighters not previously enrolled, shall become members of the ONTARIO MUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM PLAN (O.M.E.R.S.) effective January 1st, 1978, or immediately upon hire, whichever is later. Basic retirement benefits shall be determined by a FINAL AVERAGE EARNINGS formula based on two percent (2%) of the average of a Full- Time Fire Fighter’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. reduced when a member is entitled to Canada Pension benefits by .7% times the average of the YMPE for the year the member retires and the two (2) preceding years times the period of credited service since January 1st, 1966 (to a maximum of 35 years). Benefits to supplement the Basic Plan are described below.
MERS Plan. Effective April 1, 2004, the pension plan shall be the MERS B-4 (FAC5).
