Common use of Pension (Municipal) Act Clause in Contracts

Pension (Municipal) Act. (a) All new Regular Full-Time Employees shall, upon completion of six (6) months' service, become eligible for pension in accordance with the Pension (Municipal) Act. Temporary Full-Time Employees shall be eligible once they have completed twelve (12) months of continuous service. (b) Further, the City agrees to contribute an additional two percent (2%) of each employee's regular wages over and above the contribution required by the Pension (Municipal) Act PROVIDED that each employee contributes an additional two percent (2%) as a special contribution. (c) Where, due to a layoff, a full-time employee has had their hours of work reduced and their employment status changed, the employee shall continue to contribute to the Municipal Pension Plan. Contributions made by the City and the employee shall be made on the basis of the new hours worked, and are subject to the requirements of the Pension (Municipal) Act.

Pension (Municipal) Act. (a) All new Regular Full-Time Full‐Time Employees shall, upon completion of six (6) months' service, become eligible for pension superannuation in accordance with the Pension (Municipal) Act. Temporary Full-Time Full‐Time Employees shall be eligible once they have completed twelve (12) months of continuous service. (b) Further, the City Corporation agrees to contribute an additional two percent (2%) of each employee's regular wages over and above the contribution required by the Pension (Municipal) Act PROVIDED that each employee contributes an additional two percent (2%) as a special contribution. (c) Where, due to a layoff, a full-time full‐time employee has had their hours of work reduced and their employment status changed, the employee shall continue to contribute to the Municipal Pension Plan. Contributions made by the City Corporation and the employee shall be made on the basis of the new hours worked, and are subject to the requirements of the Pension (Municipal) Act.

Pension (Municipal) Act. ‌ (a) All new Regular Full-Time Employees shall, upon completion of six (6) months' service, become eligible for pension in accordance with the Pension (Municipal) Act. Temporary Full-Time Employees shall be eligible once they have completed twelve (12) months of continuous service. (b) Further, the City agrees to contribute an additional two percent (2%) of each employee's regular wages over and above the contribution required by the Pension (Municipal) Act PROVIDED that each employee contributes an additional two percent (2%) as a special contribution. (c) Where, due to a layoff, a full-time employee has had their hours of work reduced and their employment status changed, the employee shall continue to contribute to the Municipal Pension Plan. Contributions made by the City and the employee shall be made on the basis of the new hours worked, and are subject to the requirements of the Pension (Municipal) Act.