Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members Sample Clauses

Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members. When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.
AutoNDA by SimpleDocs
Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members. When an Employee/Plan Member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the Employee/Plan Member’s regular pay. Contributions for OTPP Plan Members: When an Employee/Plan Member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OTPP contributions based on 100% of the employee/plan member’s regular pay. If the Employee/Plan Member exceeds the maximum allowable paid sick leave before qualifying for Long-Term Disability (LTD)/Long-Term Income Protection (LTIP), pension contributions will cease. The Employee/Plan Member is entitled to complete a purchase of credited service, subject to existing plan provisions for periods of absence due to illness between contributions ceasing under a paid short-term sick leave provision and qualification for Long-Term Disability (LTD)/Long-Term Income Protection (LTIP) when employee contributions are waived. If an Employee/Plan Member is not approved for LTD/LTIP, such absence shall be subject to existing plan provisions.

Related to Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members

Time is Money Join Law Insider Premium to draft better contracts faster.