Municipal Pension. (a) Effective the date of hire, employees shall be covered by the provisions of the Municipal Pension Plan in accordance with the Municipal Pension Plan Rules.
(b) All employees eligible for enrolment in the Municipal Pension Plan Group 5 shall receive a supplemental pension allowance (SPA) of 0.56% of pensionable earnings to be directed to a group tax free savings account (Group TFSA). This payment shall be recorded on the employee’s biweekly pay cheque. Note: The Union will be responsible for the administration, activities and costs incurred for the Group TFSA.
(c) Effective 2015 May 04: Each employee who is enrolled in Group 5 of the Municipal Pension Plan shall, upon reaching the maximum retirement age of sixty (60) years, be retired from the Fire Department effective the end of the calendar month in which the employee reaches their sixtieth (60th) birthday.
Municipal Pension. (a) All employees who qualify shall participate in the Municipal Pension Plan upon completion of the probationary period.
(b) Employees not eligible to be covered by the Municipal Pension Plan shall receive one (1) month's wage at the rate paid at the last permanent position held upon retirement. Upon completion of ten (10) years of service such employees shall receive two (2) month's wage.
(c) All full-time regular and school term employees and all regular and school term employees who work fifty percent (50%) or more in comparison to full time shall as a condition of continuing employment, participate in the Municipal Pension Plan, except those who opted not to be covered prior to July 1, 1990.
Municipal Pension. (a) Eligible employees will be covered by the rules of the Municipal Pension Plan effective the date of hire and contributions to the Municipal Pension Plan shall commence on the first of the month following an employee’s date of hire.
(b) Each employee who is contributing to the Municipal Pension Plan will receive a Supplemental Pension Allowance equal to 0.56% of their pensionable earnings paid with each pay cheque. This allowance shall be treated as a stand‐alone benefit and cannot be pyramided with any other earnings.
Municipal Pension.
(a) All employees who qualify shall participate in the Municipal Pension Plan upon completion of the probationary period.
Municipal Pension. 12.1.1 All employees covered by this Agreement who have been in the employ of the Board for three (3) full months of continuous service shall apply for pension in conformity with the Public Sector Pension Act.
12.1.2 The Board will pay to each employee hired prior to October 1, 1998 with service in excess of five (5) years, who is not covered by the Public Sector Pension Act, an amount equal to one (1) week's pay for each year of service, upon retirement.
Municipal Pension. Effective the date of hire, employees shall be covered by the provisions of the Municipal Pension Plan in accordance with the Municipal Pension Plan Rules.
Municipal Pension. Employees shall be enrolled in the Municipal Pension Plan in accordance with the requirements of the Public Sector Pension Plans Act.
Municipal Pension. Regular employees shall be covered by the Pension (Municipal) Act except where their regularly scheduled hours per week are less than twenty (20) hours, in which case coverage will be in accordance with Municipal Pension Legislation.
Municipal Pension. Regular employees shall be enrolled in the Municipal Pension Plan except where their regularly scheduled hours per week are less than twenty (20) hours, in which case coverage will be in accordance with the requirements of the Public Sector Pension Plans Act.
Municipal Pension. Where a member is contributing to Municipal Pension and enters into a job sharing arrangement, the member shall be required to continue making payments toward Municipal Pension. The existing cost-sharing arrangement shall continue to apply on the same percentage basis applied to the reduced earnings.
