Common use of PENSIONS AND RETIREMENT Clause in Contracts

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. 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- (By-law 15-92 92) who transferred to part time member shall be excluded from the operation of this clause 15:01.