Common use of PENSIONS AND RETIREMENT Clause in Contracts

PENSIONS AND RETIREMENT. Notwithstandingclause (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 birthday of such employee occurs. Any Employee employed on May aged sixty-four (64) or greater shall be permitted to continue to work. All employees enrolled in the Ontario Municipal Retirement System as of January shall continue to participate in the plan. All employees who are members of pension plans other than the plan as of January shall continue to participate in those plans. Without limiting the generality of the foregoing, the pension plans to which clause applies include, but are not limited to: Toronto Civic Employees’ Pension Plan York Employees’ Pension Plan Metro Toronto Pension Plan It is understood and agreed that this list includes all pension plans of which the parties are aware as of May However, it is also understood and agreed that the list is not an exhaustive list, and that any other pension plans of which either party becomes aware during the term of this Collective Agreement will also be covered by clause For the purpose of this Article, the term “participate”when used in connection with a pension plan includes, but is not limited to, membership in the plan, accrual of pensionable service, employer and employee contributions, and entitlement to pension benefits. where, in each such Each employee who works other than on a continuous full time basis shall be eligible to join the pension plan on January 1st following any two (2) consecutive calendar has earned at least of the Year’s Maximum Pensionable earnings under the Canada Pension Plan, or has been paid or deemed to have been paid hours. Each employee in this Unit who is a member of the Ontario Municipal Employees Retirement System, and beneficiary or beneficiaries, as the case may be, shall be entitled to such pension, refund, or other payment as may be payable to or with respect to such employee as a member of such system. For those leaves of absence granted under clauses and every employee who has elected to participate in the Ontario Municipal Employees Retirement System or any other pension plan as set out in clause shall be considered to be in full time attendance for pension purposes and the pension contributions payments shall be made notwithstanding such leave, and Local shall remit to the City for both the employer and employee share of such contributions payments during such leave on a quarterly basis as invoiced therefor by the City.

Appears in 1 contract

Sources: Collective Agreement

PENSIONS AND RETIREMENT. Notwithstandingclause 13.01 (No Discrimination or Harassmenta) 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 birthday of such employee occurs. Any Employee employed on May aged sixty-four (64) or greater shall be permitted to continue to work. All employees enrolled in the Ontario Municipal Retirement System (OMERS) as of January 1, 1998, shall continue to participate in the OMERS plan. 13.01 (b) All permanent employees hired after January 1, 1998, shall enrol in the OMERS plan. 13.01(c) All employees who are members of pension plans other than the OMERS plan as of January 1, 1998, shall continue to participate in those plans. . 13.01 (d) Without limiting the generality of the foregoing, the pension plans to which clause 13.01(c) applies include, but are not limited to: Toronto Civic EmployeesPension Plan York EmployeesPension Plan Metro Toronto Pension Plan It is understood and agreed that this list includes all non-OMERS pension plans of which the parties are aware as of May 11, 2000. However, it is also understood and agreed that the list is not an exhaustive list, and that any other non-OMERS pension plans of which either party becomes aware during the term of this Collective Agreement will also be covered by clause 13.01(c). 13.01 (e) For the purpose purposes of this Article, the term “participate”when ―participate‖ when used in connection with a pension plan includes, but is not limited to, membership in the plan, accrual of pensionable service, employer and employee contributions, and entitlement to pension benefits. where, in each such . 13.01 (f) Each new temporary employee who works other than on a continuous full continuous-full-time basis shall be eligible to and who was hired on or after May 11, 2000 shall, as a condition of employment, join the OMERS pension plan on January 1st following any two (2) consecutive calendar years where, in each year, such employee; (i) has earned at least 35% of the Year’s Year‘s Maximum Pensionable earnings Earnings (YMPE) under the Canada Pension Plan, or or (ii) has been paid or deemed to have been paid 700 hours. Each employee . 13.01 (g) All temporary employees hired prior to May 11, 2000 shall have the option to enrol in this Unit who is a member of the Ontario Municipal Employees Retirement System, and beneficiary or beneficiaries, OMERS plan as the case may be, shall be entitled to such pension, refund, or other payment as may be payable to or with respect to such employee as a member of such system. outlined in 13.01(f) (above). 13.02 For those leaves of absence absences granted under clauses clause 17.10(a) and 17.10(b), every employee who has elected to participate in the Ontario Municipal Employees Retirement System or any other pension plan as set out in clause on leave of absence on Local 79 Business shall be considered to be in full full-time attendance for pension purposes and the pension contributions payments shall be made notwithstanding such leave, and purposes. Local 79 shall remit to the City for both the employer and the employee share of such the required pension contributions payments during such leave on a quarterly basis as invoiced therefor therefore by the City. (a) An employee who has at least ten (10) years of credited pension service with the City, including predecessor service, and who elects early retirement shall be eligible for the continued coverage of benefits set out in clauses 12.02 (Extended Health Care), 12.03 (Dental), and 12.04 (Group Life Insurance) up to and including the last day of the month in which his/her sixty-fifth (65th) birthday occurs. Such benefits will be effective upon the date on which the employee actually retires. (b) An employee hired prior to May 11, 2000, and who at retirement does not have ten (10) years of credited pension service with the City, including predecessor service, shall be entitled to the benefits as outlined above in clause 13.03(a) up to and including the last day of the month in which his/her sixty-fifth (65th) birthday occurs. 13.04 Where an employee who elects early retirement and is eligible for benefits in accordance with clause 13.03 dies prior to his/her sixty-fifth (65th) birthday, said employee‘s spouse (insured at the time of death) and as defined in clause 12.01(d) and eligible dependants, as defined in clause 12.01(d) if any, shall continue to be covered by said benefits with the exception of the benefits provided under clause 12.04 (Group Life Insurance) up to and including the date on which the deceased employee would have attained the age of sixty- five (65) years. 13.05 Where an employee who would have been eligible to elect early retirement dies prior to actually taking early retirement, and provided that such employee was eligible for benefit coverage at the time of his/her death, the employee's spouse (insured at the time of death) and eligible dependants, as defined in clause 12.01(d) if any, shall with the exception of those benefits provided under clause 12.04 (Group Life Insurance), be eligible for the benefit coverage as set out in clause 13.03 for the period from the date of the employee's death up to and including the date on which the deceased employee would have attained the age of sixty-five (65) years. 13.06 If an employee continues on WSIB after the first day of the fifth month following the date of disability, the OMERS disability elimination period shall continue and the employee and the employer will continue making their normal pension contribution based upon the current salary. The disability elimination period shall end the earlier of the date the employee returns to work, ceases employment or WSIB benefits cease. 13.07 The City shall provide a paid up group life insurance policy for those employees who retire in the amount of five thousand dollars ($5,000). Such policy to be provided the later of age of sixty-five (65) or at time of retirement. 13.08 Any employee who, as of May 11, 2000, is enrolled and participating in an OMERS Supplementary Type 3 pension benefit shall continue to be provided with such benefits during the term of this Collective Agreement. 13.09 It is understood that any period of disciplinary suspension without pay shall be deemed an approved leave of absence without pay for pension purposes.

Appears in 1 contract

Sources: Collective Agreement

PENSIONS AND RETIREMENT. Notwithstandingclause 13.01 (No Discrimination or Harassmenta) 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 birthday of such employee occurs. Any Employee employed on May aged sixty-four (64) or greater shall be permitted to continue to work. All employees enrolled in the Ontario Municipal Retirement System (OMERS) as of January 1, 1998, shall continue to participate in the OMERS plan. 13.01 (b) All permanent employees hired after January 1, 1998, shall enrol in the OMERS plan. 13.01(c) All employees who are members of pension plans other than the OMERS plan as of January 1, 1998, shall continue to participate in those plans. . 13.01 (d) Without limiting the generality of the foregoing, the pension plans to which clause 13.01(c) applies include, but are not limited to: Toronto Civic Employees’ Pension Plan York Employees’ Pension Plan Metro Toronto Pension Plan It is understood and agreed that this list includes all non-OMERS pension plans of which the parties are aware as of May 11, 2000. However, it is also understood and agreed that the list is not an exhaustive list, and that any other non-OMERS pension plans of which either party becomes aware during the term of this Collective Agreement will also be covered by clause 13.01(c). 13.01 (e) For the purpose purposes of this Article, the term “participate”when participate” when used in connection with a pension plan includes, but is not limited to, membership in the plan, accrual of pensionable service, employer and employee contributions, and entitlement to pension benefits. where, in each such . 13.01 (f) Each new temporary employee who works other than on a continuous full continuous-full-time basis shall be eligible to and who was hired on or after May 11, 2000 shall, as a condition of employment, join the OMERS pension plan on January 1st following any two (2) consecutive calendar years where, in each year, such employee; (i) has earned at least 35% of the Year’s Maximum Pensionable earnings Earnings (YMPE) under the Canada Pension Plan, or or (ii) has been paid or deemed to have been paid 700 hours. Each employee . 13.01 (g) All temporary employees hired prior to May 11, 2000 shall have the option to enrol in this Unit who is a member of the Ontario Municipal Employees Retirement System, and beneficiary or beneficiaries, OMERS plan as the case may be, shall be entitled to such pension, refund, or other payment as may be payable to or with respect to such employee as a member of such system. outlined in 13.01(f) (above). 13.02 For those leaves of absence absences granted under clauses clause 17.10(a) and 17.10(b), every employee who has elected to participate in the Ontario Municipal Employees Retirement System or any other pension plan as set out in clause on leave of absence on Local 79 Business shall be considered to be in full full-time attendance for pension purposes and the pension contributions payments shall be made notwithstanding such leave, and purposes. Local 79 shall remit to the City for both the employer and the employee share of such the required pension contributions payments during such leave on a quarterly basis as invoiced therefor therefore by the City. (a) An employee who has at least ten (10) years of credited pension service with the City, including predecessor service, and who elects early retirement shall be eligible for the continued coverage of benefits set out in clauses 12.02 (Extended Health Care), 12.03 (Dental), and 12.04 (Group Life Insurance) up to and including the last day of the month in which his/her sixty-fifth (65th) birthday occurs. Such benefits will be effective upon the date on which the employee actually retires. (b) An employee hired prior to May 11, 2000, and who at retirement does not have ten (10) years of credited pension service with the City, including predecessor service, shall be entitled to the benefits as outlined above in clause 13.03(a) up to and including the last day of the month in which his/her sixty-fifth (65th) birthday occurs. 13.04 Where an employee who elects early retirement and is eligible for benefits in accordance with clause 13.03 dies prior to his/her sixty-fifth (65th) birthday, said employee’s spouse (insured at the time of death) and as defined in clause 12.01(d) and eligible dependants, as defined in clause 12.01(d) if any, shall continue to be covered by said benefits with the exception of the benefits provided under clause 12.04 (Group Life Insurance) up to and including the date on which the deceased employee would have attained the age of sixty- five (65) years. 13.05 Where an employee who would have been eligible to elect early retirement dies prior to actually taking early retirement, and provided that such employee was eligible for benefit coverage at the time of his/her death, the employee's spouse (insured at the time of death) and eligible dependants, as defined in clause 12.01(d) if any, shall with the exception of those benefits provided under clause 12.04 (Group Life Insurance), be eligible for the benefit coverage as set out in clause 13.03 for the period from the date of the employee's death up to and including the date on which the deceased employee would have attained the age of sixty-five (65) years. 13.06 If an employee continues on WSIB after the first day of the fifth month following the date of disability, the OMERS disability elimination period shall continue and the employee and the employer will continue making their normal pension contribution based upon the current salary. The disability elimination period shall end the earlier of the date the employee returns to work, ceases employment or WSIB benefits cease. 13.07 The City shall provide a paid up group life insurance policy for those employees who retire in the amount of five thousand dollars ($5,000). Such policy to be provided the later of age of sixty-five (65) or at time of retirement. 13.08 It is understood that any period of disciplinary suspension without pay shall be deemed an approved leave of absence without pay for pension purposes.

Appears in 1 contract

Sources: Collective Agreement

PENSIONS AND RETIREMENT. Notwithstandingclause 13.01 (No Discrimination or Harassmenta) 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 birthday of such employee occurs. Any Employee employed on May aged sixty-four (64) or greater shall be permitted to continue to work. All employees enrolled in the Ontario Municipal Retirement System (OMERS) as of January 1, 1998, shall continue to participate in the OMERS plan. 13.01 (b) All permanent employees hired after January 1, 1998, shall enrol in the OMERS plan. 13.01(c) All employees who are members of pension plans other than the OMERS plan as of January 1, 1998, shall continue to participate in those plans. . 13.01 (d) Without limiting the generality of the foregoing, the pension plans to which clause 13.01(c) applies include, but are not limited to: Toronto Civic Employees’ Pension Plan York Employees’ Pension Plan Metro Toronto Pension Plan It is understood and agreed that this list includes all non-OMERS pension plans of which the parties are aware as of May 11, 2000. However, it is also understood and agreed that the list is not an exhaustive list, and that any other non-OMERS pension plans of which either party becomes aware during the term of this Collective Agreement will also be covered by clause 13.01(c). 13.01 (e) For the purpose purposes of this Article, the term “participate”when participate” when used in connection with a pension plan includes, but is not limited to, membership in the plan, accrual of pensionable service, employer and employee contributions, and entitlement to pension benefits. where, in each such . 13.01 (f) Each new temporary employee who works other than on a continuous full continuous-full-time basis shall be eligible to and who was hired on or after May 11, 2000 shall, as a condition of employment, join the OMERS pension plan on January 1st following any two (2) consecutive calendar years where, in each year, such employee; (i) has earned at least 35% of the Year’s Maximum Pensionable earnings Earnings (YMPE) under the Canada Pension Plan, or or (ii) has been paid or deemed to have been paid 700 hours. Each employee . 13.01 (g) All temporary employees hired prior to May 11, 2000 shall have the option to enrol in this Unit who is a member of the Ontario Municipal Employees Retirement System, and beneficiary or beneficiaries, OMERS plan as the case may be, shall be entitled to such pension, refund, or other payment as may be payable to or with respect to such employee as a member of such system. outlined in 13.01(f) (above). 13.02 For those leaves of absence absences granted under clauses clause 17.10(a) and 17.10(b), every employee who has elected to participate in the Ontario Municipal Employees Retirement System or any other pension plan as set out in clause on leave of absence on Local 79 Business shall be considered to be in full full-time attendance for pension purposes and the pension contributions payments shall be made notwithstanding such leave, and purposes. Local 79 shall remit to the City for both the employer and the employee share of such the required pension contributions payments during such leave on a quarterly basis as invoiced therefor therefore by the City. (a) An employee who has at least ten (10) years of credited pension service with the City, including predecessor service, and who elects early retirement shall be eligible for the continued coverage of benefits set out in clauses 12.02 (Extended Health Care), 12.03 (Dental), and 12.04 (Group Life Insurance) up to and including the last day of the month in which his/her sixty-fifth (65th) birthday occurs. Such benefits will be effective upon the date on which the employee actually retires. (b) An employee hired prior to May 11, 2000, and who at retirement does not have ten (10) years of credited pension service with the City, including predecessor service, shall be entitled to the benefits as outlined above in clause 13.03(a) up to and including the last day of the month in which his/her sixty-fifth (65th) birthday occurs. 13.04 Where an employee who elects early retirement and is eligible for benefits in accordance with clause 13.03 dies prior to his/her sixty-fifth (65th) birthday, said employee’s spouse (insured at the time of death) and as defined in clause 12.01(d) and eligible dependants, as defined in clause 12.01(d) if any, shall continue to be covered by said benefits with the exception of the benefits provided under clause 12.04 (Group Life Insurance) up to and including the date on which the deceased employee would have attained the age of sixty- five (65) years. 13.05 Where an employee who would have been eligible to elect early retirement dies prior to actually taking early retirement, and provided that such employee was eligible for benefit coverage at the time of his/her death, the employee's spouse (insured at the time of death) and eligible dependants, as defined in clause 12.01(d) if any, shall with the exception of those benefits provided under clause 12.04 (Group Life Insurance), be eligible for the benefit coverage as set out in clause 13.03 for the period from the date of the employee's death up to and including the date on which the deceased employee would have attained the age of sixty-five (65) years. 13.06 If an employee continues on WSIB after the first day of the fifth month following the date of disability, the OMERS disability elimination period shall continue and the employee and the employer will continue making their normal pension contribution based upon the current salary. The disability elimination period shall end the earlier of the date the employee returns to work, ceases employment or WSIB benefits cease. 13.07 The City shall provide a paid up group life insurance policy for those employees who retire in the amount of five thousand dollars ($5,000). Such policy to be provided the later of age of sixty-five (65) or at time of retirement. 13.08 It is understood that any period of disciplinary suspension without pay shall be deemed an approved leave of absence without pay for pension purposes.

Appears in 1 contract

Sources: Collective Agreement

PENSIONS AND RETIREMENT. Notwithstandingclause 13.01 (No Discrimination or Harassmenta) 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 birthday of such employee occurs. Any Employee employed on May aged sixty-four (64) or greater shall be permitted to continue to work. All employees enrolled in the Ontario Municipal Retirement System (OMERS) as of January 1, 1998, shall continue to participate in the OMERS plan. 13.01 (b) All permanent employees hired after January 1, 1998, shall enrol in the OMERS plan. 13.01(c) All employees who are members of pension plans other than the OMERS plan as of January 1, 1998, shall continue to participate in those plans. . 13.01 (d) Without limiting the generality of the foregoing, the pension plans to which clause 13.01(c) applies include, but are not limited to: Toronto Civic Employees’ Pension Plan York Employees’ Pension Plan Metro Toronto Pension Plan It is understood and agreed that this list includes all non-OMERS pension plans of which the parties are aware as of May 11, 2000. However, it is also understood and agreed that the list is not an exhaustive list, and that any other non-OMERS pension plans of which either party becomes aware during the term of this Collective Agreement will also be covered by clause 13.01(c). 13.01 (e) For the purpose purposes of this Article, the term “participate”when participate” when used in connection with a pension plan includes, but is not limited to, membership in the plan, accrual of pensionable service, employer and employee contributions, and entitlement to pension benefits. where, in each such . 13.01 (f) Each new temporary employee who works other than on a continuous full continuous-full-time basis shall be eligible to and who was hired on or after May 11, 2000 shall, as a condition of employment, join the OMERS pension plan on January 1st following any two (2) consecutive calendar years where, in each year, such employee; (i) has earned at least 35% of the Year’s Maximum Pensionable earnings Earnings (YMPE) under the Canada Pension Plan, or or (ii) has been paid or deemed to have been paid 700 hours. Each employee . 13.01 (g) All temporary employees hired prior to May 11, 2000 shall have the option to enrol in this Unit who is a member of the Ontario Municipal Employees Retirement System, and beneficiary or beneficiaries, OMERS plan as the case may be, shall be entitled to such pension, refund, or other payment as may be payable to or with respect to such employee as a member of such system. outlined in 13.01(f) (above). 13.02 For those leaves of absence absences granted under clauses clause 17.10(a) and 17.10(b), every employee who has elected to participate in the Ontario Municipal Employees Retirement System or any other pension plan as set out in clause on leave of absence on Local 79 Business shall be considered to be in full full-time attendance for pension purposes and the pension contributions payments shall be made notwithstanding such leave, and purposes. Local 79 shall remit to the City for both the employer and the employee share of such the required pension contributions payments during such leave on a quarterly basis as invoiced therefor therefore by the City. (a) An employee who has at least ten (10) years of credited pension service with the City, including predecessor service, and who elects early retirement shall be eligible for the continued coverage of benefits set out in clauses 12.02 (Extended Health Care), 12.03 (Dental), and 12.04 (Group Life Insurance) up to and including the last day of the month in which his/her sixty-fifth (65th) birthday occurs. Such benefits will be effective upon the date on which the employee actually retires. (b) An employee hired prior to May 11, 2000, and who at retirement does not have ten (10) years of credited pension service with the City, including predecessor service, shall be entitled to the benefits as outlined above in clause 13.03(a) up to and including the last day of the month in which his/her sixty-fifth (65th) birthday occurs. 13.04 Where an employee who elects early retirement and is eligible for benefits in accordance with clause 13.03 dies prior to his/her sixty-fifth (65th) birthday, said employee’s spouse (insured at the time of death) and as defined in clause 12.01(d) and eligible dependants, as defined in clause 12.01(d) if any, shall continue to be covered by said benefits with the exception of the benefits provided under clause 12.04 (Group Life Insurance) up to and including the date on which the deceased employee would have attained the age of sixty- five (65) years. 13.05 Where an employee who would have been eligible to elect early retirement dies prior to actually taking early retirement, and provided that such employee was eligible for benefit coverage at the time of his/her death, the employee's spouse (insured at the time of death) and eligible dependants, as defined in clause 12.01(d) if any, shall with the exception of those benefits provided under clause 12.04 (Group Life Insurance), be eligible for the benefit coverage as set out in clause 13.03 for the period from the date of the employee's death up to and including the date on which the deceased employee would have attained the age of sixty-five (65) years. 13.06 If an employee continues on WSIB after the first day of the fifth month following the date of disability, the OMERS disability elimination period shall continue and the employee and the employer will continue making their normal pension contribution based upon the current salary. The disability elimination period shall end the earlier of the date the employee returns to work, ceases employment or WSIB benefits cease. 13.07 The City shall provide a paid up group life insurance policy for those employees who retire in the amount of five thousand dollars ($5,000). Such policy to be provided the later of age of sixty-five (65) or at time of retirement. 13.08 Any employee who, as of May 11, 2000, is enrolled and participating in an OMERS Supplementary Type 3 pension benefit shall continue to be provided with such benefits during the term of this Collective Agreement. 13.09 It is understood that any period of disciplinary suspension without pay shall be deemed an approved leave of absence without pay for pension purposes.

Appears in 1 contract

Sources: Collective Agreement