O.M.E.R.S. Pension Plan Clause Samples

O.M.E.R.S. Pension Plan. 35.01 Eligible Employees and the Employer shall participate in the OMERS Plan in accordance with the regulations stipulated in the Act.

O.M.E.R.S. Pension Plan a) It will be a condition of employment that each eligible employee shall participate in the OMERS Pension Plan unless specifically exempted by legislation or regulation. b) Any former OPSEU members who remain in the RRSP savings plan shall continue to be allowed to do so under the following criteria: 5-9 years 6% 6.5% 10-14 years 6% 7% 15-19 years 6% 7.5% 20-24 years 6% 8% 25-30 years 6% 8.5%

O.M.E.R.S. Pension Plan. Subject to OMERS enrolment requirements, part-time employees may participate in the OMERS Pension system.

O.M.E.R.S. Pension Plan a) All permanent employees who work in excess of seven hundred (700) hours per year, shall be enrolled in the Ontario Municipal Employees Retirement Pension Plan (O.M.E.R.S.) upon employment with the Board. b) Employees who have worked seven hundred (700) hours per year or earn at least thirty-five percent (35%) of the Year's Maximum Pensionable Earnings (YMPE) under the Canada Pension Plan shall be given the option of enrolling in the Plan. c) Each enrolled employee shall contribute to the plan based on the formula established by the Plan. The Employer shall contribute an equal amount as per the Statutes and Regulations.

O.M.E.R.S. Pension Plan. Participation is mandatory for all full-time permanent employees. Benefits are in accordance with the plan, providing pension benefits for employee and Agency and employee or according to current regulations in effect.

O.M.E.R.S. Pension Plan a) The Employer agrees to participate in the Ontario Municipal Employees Retirement System (OMERS) Pension Plan with a normal retirement age of sixty-five (65) years, in accordance with applicable legislation, with the Employer and the employees contributing equally. b) All information available from the Ontario Municipal Employees Retirement System Pension to the Employer will be available to the Union and all employees. c) An employee who is receiving pay in lieu of benefits and who joins the OMERS Pension Plan shall have her/his pay in lieu reduced by a percentage equal to the Employer’s regular contribution.

O.M.E.R.S. Pension Plan. All permanent employees who work in excess of seven hundred (700) hours per year, shall be enrolled in the Ontario Municipal Employees Retirement Pension Plan (O.M.E.R.S.) upon employment with the Board.

O.M.E.R.S. Pension Plan the Employer shall participate in the Ontario Municipal Employees Retirement System. It is a condition of employment with the Employer that each full-time employee becomes a member of O.M.E.R.S., contributing payment as required by the system through payroll deduction. The Employer will contribute an equal amount to the fund to aid in providing a retirement pension. Part-time employees have the option of participating in O.M.E.R.S. subject to the O.M.E.R.S. Regulations.

O.M.E.R.S. Pension Plan. Mandatory for full-time 50% Employer paid workers. Optional for permanent part-time 50% Worker paid workers according to regulated formula. Normal retirement, age 65 commencing at the end of the month in which the 65th birthday occurs.