Common use of Superannuation Plan Clause in Contracts

Superannuation Plan. (a) Members shall contribute to the Municipal Pension Plan commencing on the first of the month following a member's date of hire. (b) A member who prior to April 1, 2007 had purchased from the Municipal Pension Plan the time served by the member in a probationary period with their current employer (which had not before been considered as pensionable service) shall be reimbursed fifty per cent (50%) of the purchase cost by their employer upon the member producing the receipt and provided the member has reached the minimum retirement age.

Superannuation Plan. (a) Members shall contribute to the Municipal Pension Plan commencing on the first of the month following a member's date of hire. (b) . A member who prior to April 1, 2007 had purchased from the Municipal Pension Plan the time served by the member in a probationary period with their current employer (which had not before been considered as pensionable service) shall be reimbursed fifty per cent (50%) of the purchase cost by their employer upon the member producing the receipt and provided the member has reached the minimum retirement age.