Common use of Option B Clause in Contracts

Option B. Select the OMERS disability waiver of contributions and therefore TCHC and the employee shall not make OMERS contributions on the employee’s behalf. (NOTE: this may increase the employee’s take home pay. However, for pension calculation purposes, the deemed waiver earnings and the year’s maximum pensionable earnings (YMPE) are indexed like the OMERS pensions. The annual increases to the deemed earnings may not match the negotiated increases received.) No deductions will be made from the sick bank of an employee who received payments under clauses 30.03 (a) and 30.05.

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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