PENSIONS AND RETIREMENT. 15:01 The Ontario Municipal Employees Retirement System ("OMERS") Plan created by the Ontario Municipal Employees Retirement System Act, as amended from time to time, and the Regulations thereunder, as amended from time to time, shall apply to all members covered by this agreement save and except those members receiving pensions from OMERS and those permanent members enrolled in the Toronto Pension Plan (By-law 15-92) who transferred to part time member shall be excluded from the operation of this clause 15:01.
15:02 In the event that the Toronto Police Benefit Fund (By-law 181-81) [the "PBF"] and/or the Toronto Pension Plan (By-law 15-92) [the "TPP"] become part of OMERS, members covered by this agreement receiving pensions from the PBF or the TPP may elect to cease to participate in OMERS under clause 15:01 if continued participation would disentitle them from receiving pension payments under the OMERS Plan.
15:03 Every member shall be retired upon attaining the age of seventy years, such retirement to be effective on the last day of the month in which the seventieth birthday of such member occurs.
15:04 The Board has placed One Hundred Thousand Dollars in a fund to be administered by the Trustees of the Toronto Police Benefit Fund as set out in the Memorandum of Understanding dated May 12, 1977. The Trustees will continue to determine the rules and regulations of the Fund, but the objectives will be to provide a supplement to existing governmental payments (C.P.P., W.S.I.B.) and pension plan payments (O.M.E.R.S., Toronto Police Benefit Fund, Toronto Pension Plan) due to such dependents on the member's death, so that the disposable after tax income of the surviving dependents will be approximately one hundred per cent of the disposable after tax income of the deceased member, based on the salary for the deceased member at the time the payments are made. For this purpose salary shall include the premium costs of the Ontario Health Insurance Plan (O.H.I.P.), if any, the Semi-Private and Comprehensive Medical Plans and Dental Plan. The trustees will continue to have the right to adjust the amount depending on the circumstances of the individual case from time to time. The adequacy of the Fund will be reviewed from time to time.
(a) Coverage under this Article is available for that coverage which the member enjoyed under the insurance plans immediately prior to retirement and shall only be furnished provided:
(i) such coverage is not provided at the retired ...
PENSIONS AND RETIREMENT. Each employee who works other than on a continuous full-time basis shall be eligible to join the OMERS pension plan on January 1st following any two (2) consecutive calendar years where, in each year, such employee
PENSIONS AND RETIREMENT. (a) Employees who regularly work forty (40) hours per week must become a member of the Ontario Municipal Employees Retirement System (OMERS) in accordance with the prevailing legislation in the Province of Ontario.
(b) Employees who regularly work fewer than forty (40) hours per week and who meet the OMERS eligibility requirements and who choose to enroll will be enrolled.
29.02 Employees defined in 29.01(b) above shall be eligible to join the Ontario Municipal Employees Retirement System (OMERS) on January 1st following any two (2) consecutive calendar year where, in each year the employee:
(i) Has earned at least 35% of the Year's Maximum Pensionable earnings (YMPE) under the Canada Pension Plan, or (ii)has been paid or deemed to have been paid 700 hours.
29.03 Employees defined in 29.01(a) and (b) and who are members of OMERS, their beneficiary or beneficiaries, as the case may be, shall be entitled to the pension, refund, or other payment as may be payable to or with respect to the employee as a member of such system.
(a) Employees who regularly work forty (40) hours per week and have at least ten (10) years of credited pension service with the Employer and elect early retirement shall be eligible for the continued coverage of benefits as set out in clauses 27.01 - Extended Health Care, 27.02 - Dental and 27.03 - Group Life Insurance up to and including the last day of the month in which her/his sixty-fifth (65th) birthday occurs. Such benefits will be effective upon the date on which the employee actually retires.
(b) Employees who regularly work forty (40) hours per week and were hired prior to November 21, 2000, and who at retirement do not have ten (10) years of credited pension service with the Employer, shall be entitled to the benefits as outlined above in clause 29.04(a) up to and including the last day of the month in which their sixty-fifth (65th) birthday occurs.
29.05 Where an employee who regularly works forty (40) hours per week and who elects early retirement and is eligible for benefits in accordance with clause 29.04(a) dies prior to her/his sixty-fifth (65th) birthday, said employee’s spouse (insured at the time of death) and eligible dependents, if any, shall continue to be covered by said benefits with the exception of the benefits provided under clause 27.03 (Group Life Insurance) up to and including the date on which the deceased employee would have attained the age of sixty-five (65) years.
29.06 Where an employee who regularly w...
PENSIONS AND RETIREMENT. (a) All employees enrolled in the Ontario Municipal Retirement System (OMERS) as of January 1, 1998, shall continue to participate in the OMERS plan.
PENSIONS AND RETIREMENT. As from 1 October 2011 the company will have no fixed retirement age. Subject to you meeting the statutory eligibility criteria for age and earnings, you will be automatically enrolled into the Company’s Group Stakeholder Pension plan (“the Plan”) immediately on joining us (or such other registered pension scheme as may be set up by the Company to replace the Plan). Information about the Plan is available from the CBSO Finance / HR departments Around the time of your auto-enrolment, you will be sent details of your membership of the Plan together with information on how to opt out, should you chose to do so, by the Plan provider (currently Aviva). Note that membership of the Plan is entirely your choice and you will not be subjected to any detriment if you choose to remain opted in or to opt out. If you do not meet the minimum age/earnings requirements, you will not be automatically opted in until such time as you do meet the minimum requirements, but if you wish to join the Plan earlier you may do so at any time by contacting the CBSO Finance / HR department. A contracting-out certificate is not in force in respect of your employment. Further details are available on request from Human Resources.
PENSIONS AND RETIREMENT. Subject to clause each full-time member in the "Permanent Service" class of members shall be covered by the provisions of By-law No. of the City of Toronto and amendments thereto, being a by-law "to provide pensions for employees, their spouses and children, of Police Service of the City of Toronto and other participating employers". It is understood and agreed that to the extent that the Ontario Municipal Employees Retirement System Plan is by statute applicable to any member of the Service, the By-law No. shall not be applicable to such Every member shall be retired upon attaining the age of seventy years, such retirement to be effective on the last day of the month in which the seventieth birthday of such member occurs. The Board has placed One Hundred Thousand Dollars in a to be administered by the Trustees of the Toronto Police Benefit Fund as set out in the Memorandum of Understanding dated May The Trustees will continue to determine the rules and regulations of the Fund, but the objectives will be to provide a supplement to existing payments and pension plan payments Toronto Police Benefit Fund, Toronto Pension Plan) due to such dependents on the member's death, so that the disposable after tax income of the surviving dependents will be approximatelyone hundred per cent of the disposable after tax income of the deceased member, based on the salary for the deceased member at the time the payments are made. The Trustees will continue to have the right to adjust the amount depending on the circumstancesof the individual case from time to time. The adequacy of the Fund will be reviewed time to time.
PENSIONS AND RETIREMENT. All employees will be covered by the Ontario Municipal Employees' Retirement System (OMERS).
PENSIONS AND RETIREMENT. It is mutually agreed that all employees who were previously covered by the Pension Plan No. with the Sun Life Assurance Company of Canada, will be continued in the Sun Life plan. In addition to the Canada Pension Plan, all other employees will be covered by the Ontario Municipal Employees' Retirement System Retirement will be in accordance with the rules and conditions of the Pension Plan. Retired employees and those who have left the Board's employ after December will receive retroactive wage increases and benefits from January to the date of retirement or last day of employment.
PENSIONS AND RETIREMENT. 13.01 (a) All employees enrolled in the Ontario Municipal Retirement System (OMERS) as of January 1, 1998, shall continue to participate in the OMERS plan.
13.01 (b) All permanent employees hired after January 1, 1998, shall enrol in the OMERS plan. 13.01(c) All employees who are members of pension plans other than the OMERS plan as of January 1, 1998, shall continue to participate in those plans.
13.01 (d) Without limiting the generality of the foregoing, the pension plans to which clause 13.01(c) applies include: • Toronto Civic Employees’ Pension Plan • Metro Toronto Pension Plan It is understood and agreed that this list includes all non-OMERS pension plans of which the parties are aware as of May 11, 2000. However, it is also understood and agreed that the list is not an exhaustive list, and that any other non-OMERS pension plans of which either party becomes aware during the term of this Collective Agreement will also be covered by clause 13.01(c).
13.01 (e) For the purposes of this Article, the term “participate” when used in connection with a pension plan includes, but is not limited to, membership in the plan, accrual of pensionable service, employer and employee contributions, and entitlement to pension benefits.
13.01 (f) Each new temporary employee who works other than on a continuous-full-time basis and who was hired on or after May 11, 2000 shall, as a condition of employment, join the OMERS pension plan on January 1st following any two (2) consecutive calendar years where, in each year, such employee;
(i) has earned at least 35% of the Year’s Maximum Pensionable Earnings (YMPE) under the Canada Pension Plan, or
(ii) has been paid or deemed to have been paid 700 hours.
13.01 (g) All temporary employees hired prior to May 11, 2000 shall have the option to enrol in the OMERS plan as outlined in 13.01(f) (above).
13.02 For those leaves of absences granted under clause 17.10(a) and 17.10(b), every employee on leave of absence on Local 79 Business shall be considered to be in full-time attendance for pension purposes. Local 79 shall remit to the City both the employer and the employee share of the required pension contributions during such leave on a quarterly basis as invoiced therefore by the City.
(a) An employee who has at least ten (10) years of credited pension service with the City, including predecessor service, and who elects early retirement shall be eligible for the continued coverage of benefits set out in clauses 12.02 (Extended Healt...
PENSIONS AND RETIREMENT. 13.01 (a) All employees enrolled in the Ontario Municipal Retirement System (OMERS) as of January 1, 1998, shall continue to participate in the OMERS plan.
13.01 (b) All employees who are members of pension plans other than the OMERS plan as of January 1, 1998, shall continue to participate in those plans.
13.01 (c) Without limiting the generality of the foregoing, the pension plans to which clause 13.01(b) applies include, but are not limited to:
(i) Toronto Civic Employees’ Pension Plan
(ii) York Employees’ Pension Plan
