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Pension Coverage Sample Clauses

Pension CoverageTeachers on continuing contracts who move from full-time employment to a part-time assignment shall be considered to be on leave so that they may purchase pensionable service to provide for a full year pension credit.
Pension Coverage. 19:01 All civilian members shall be covered by the Ontario Municipal Employees Retirement System (OMERS) Basic Plan, and the Canada Pension Plan, in accordance with the Municipal Bylaw presently in force covering municipal employees of the Town. 19:02 All police officers shall be enroled in the Ontario Municipal Employees Retirement System (OMERS) Basic Plan, the Type 1, 2% Past Service Supplement and the Type 3 Supplementary Plan of optional retirement after thirty (30) years of service, and the Canada Pension Plan.
Pension Coverage. 19:01 All civilian members shall be covered by the Ontario Municipal Employees Retirement System (OMERS) Basic Plan, and the Canada Pension Plan, in accordance with the Municipal Bylaw presently in force covering municipal employees of the Town. 19:02 All police officers shall be enroled in the Ontario Municipal Employees Retirement System (OMERS) Basic Plan, the Type 1, 2% Past Service Supplement and the Type 3 Supplementary Plan of optional retirement after thirty (30) years of service, and the Canada Pension Plan. 19:03 The Board agrees to pay the unfunded liability of the Type 3 Plan but the premium for future service will be paid by the Board and police officer, share and share alike. 19:04 Effective January 1, 1982 the Type 3 OMERS Supplementary Benefit shall permit early retirement without actuarial reduction in benefits within ten (10) years prior to a police officer's normal date of retirement when, (i) the police officer is declared by the employer to be unable to perform the duties of his/her employment due to mental or physical incapacity (permanent or partial disability).