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.
PENSIONS AND RETIREMENT. The Ontario Municipal Employees Retirement System Plan created by the Ontario Retirement 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 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 In the event that the Toronto Police Benefit Fund (By-law [the the Toronto Pension Plan (By-law 15-92) [the become part of members covered by this agreement receiving pensions from the or the may elect to cease to participate in under clause if continued participation would disentitle them from receiving pension payments under the Plan. 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 fund to be administered by the Trustees of the Toronto Police Benefit Fund as set out in the Memorandum of Understandingdated 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 governmental 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 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. 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 reviewed from time to time.
PENSIONS AND RETIREMENT. 36.01 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. 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. ARTICLE
PENSIONS AND RETIREMENT. 15:01 Subject to clause 15:02, each full-time member in the "Permanent Service" class of members shall be covered by the provisions of By-law No. 15-92 of the City of Toronto and amendments thereto, being a by-law "to provide pensions for employees, their spouses and children, of the Police Service of the City of Toronto and other participating employers".
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. 29.01 (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.
PENSIONS AND RETIREMENT. 13.01 Notwithstanding clause 7.01 (No Discrimination or Harassment) hereof, each employee in this Unit shall be retired upon attaining the age of sixty-five (65) years, such retirement to be effective upon the last day of the month in which the sixty-fifth (65th) birthday of such employee occurs. Any Employee employed on May 11, 2000 aged sixty-four (64) or greater shall be permitted to continue to work.
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.
PENSIONS AND RETIREMENT. 29.1 All employees will be covered by the Ontario Municipal Employees' Retirement System (O.M.E.R.S.).
