O.M.E.R.S. Pension Plan. 35.01 Eligible Employees and the Employer shall participate in the OMERS Plan in accordance with the regulations stipulated in the Act.
O.M.E.R.S. Pension Plan. Every eligible employee shall join the Ontario Municipal Employees Retirement System (O.M.E.R.S.) pension plan as a condition of employment in accordance to the Plan.
O.M.E.R.S. Pension Plan a) All permanent employees who work in excess of seven hundred (700) hours per year, shall be enrolled in the Ontario Municipal Employees Retirement Pension Plan (O.M.E.R.S.) upon employment with the Board.
O.M.E.R.S. Pension Plan. Subject to OMERS enrolment requirements, part-time employees may participate in the OMERS Pension system.
O.M.E.R.S. Pension Plan a) It will be a condition of employment that each eligible employee shall participate in the OMERS Pension Plan unless specifically exempted by legislation or regulation.
O.M.E.R.S. Pension Plan. 35.01 (a) All regular full-time employees shall become members of OMERS on their date of hire with the exception of those employees who are in receipt of an OMERS pension and waive their right to participate. Other Than Continuous Full-Time (OTCFT) employees shall be given the option of membership after meeting the standard eligibility requirement as set out in the OMERS policy. Part-time employees, seasonal employees, and employees hired by personal employment contracts shall be given the opportunity to become members of OMERS provided they have worked 700 regular hours per year or have earnings greater than 35% of the YMPE per year in two (2) consecutive years of employment with the Town of Cobourg.
O.M.E.R.S. Pension Plan. 23.01 a) The Employer agrees to participate in the Ontario Municipal Employees Retirement System (OMERS) Pension Plan with a normal retirement age of sixty-five (65) years, in accordance with applicable legislation, with the Employer and the employees contributing equally.
O.M.E.R.S. Pension Plan. Mandatory for full-time 50% Employer paid workers. Optional for permanent part-time 50% Worker paid workers according to regulated formula. Normal retirement, age 65 commencing at the end of the month in which the 65th birthday occurs.
O.M.E.R.S. Pension Plan. 18.01 An eligible employee is entitled to participate in the Ontario Municipal Employee Retirement System (“OMERS”) pension plan (the “OMERS Pension Plan”) in accordance with its terms. An eligible employee who chooses to participate in the OMERS Pension Plan, shall make the required employee contributions to the OMERS pension fund, which contributions shall be deducted from the employee’s wages. The Employer shall make the required employer contributions to the OMERS pension fund on behalf of an eligible employee who chooses to participate in the OMERS Plan. An eligible employee who chooses not to participate in the OMERS Pension Plan shall sign the necessary forms to confirm their decision not to participate, but no liability will attach to the Employer should an employee fail to do so. It is agreed that the OMERS Pension Plan referred to in this Article is not incorporated by reference into this Agreement, and that OMERS or the Ontario Government may, at any time change administrators or the terms of the OMERS Pension Plan, including the eligibility of the Employer to participate in OMERS.
O.M.E.R.S. Pension Plan the Employer shall participate in the Ontario Municipal Employees Retirement System. It is a condition of employment with the Employer that each full-time employee becomes a member of O.M.E.R.S., contributing payment as required by the system through payroll deduction. The Employer will contribute an equal amount to the fund to aid in providing a retirement pension. Part-time employees have the option of participating in O.M.E.R.S. subject to the O.M.E.R.S. Regulations.
