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Home My WebLink AboutKIN 79 4225 Supplementary Benef · e · · THE CORPORATION OF THE TOWN OF KINCARDINE BY-LAW NO. 4225 Being a By-law to authorize Supplementary Benetits under the Ontario Municipal Employees Retirement Sys~em WHEREAS under By-law No. 1868 dated November 6, 1964 the Town of Kincardine elected to participate in the Ontario ~unicipal Employees Retirement System; .AND WHEREAS pursuant to Section 23 of the Regulat-,ons made under The Ontario Municipal Employees Retirement System Act, R.S.O. 1970 as amended an employer who has elected to participate in the System may enter into an agreement with the Ontario Municipa¡ Employees Ret.ir_ ment. Board for the payment of supplementary benef$.ts in respect of all or any class of the employees who are or beco.e members of the System; NOW THEREFORE be and it is hereby enacted that: 1. The Chairman of the Board and the Secretary-Treasurer are hereby authorized on behalf of the Town of Kincardin, to enter into a Supplementary Agreement in the form attached bereto as Schedule A with the Ontario Municipal Employees Retir..ent Board for the payment of the supplementary benefits proVided in the Supplementary Pension Plan set forth as Schedµle 1 to the Supplementary Agreement. 2. The Secretary-Treasurer is hereby authorized to do such things as are necessary under the Supplementary AgreFent and to carry out the intent of the By-law. ' 3. Two certified copies of this By-law shall be filed with the Executive Director of the Ontario Municipal EIiIployees Retirement Board. 4. This By-law 8hall come into force on the day Clf its passing. READ a FIRST and SECOND time this ~þ, /&L ~r ( 7th day of June ~7f~~ er READ a THIRD time and FINALLY PASSED this 7th Ciay of ~-~ pyor ' Jun~ ~~ .e:ter ! i I . 1979. :;~",-1979. c~-\ --, - ' --, - .0 '- - . · · · . ~! - --0. ..,... SCHEDULE A ONTARIO MUNICIPAL EMPWYEES RETIREMENT SY SUPPLEMENTARY BENEFITS AGREEMEN ... .....~ti.9........... ,/' nus AGREEMENT made this H.... ?~J;~. H ... day of H", H H H H H~¥' H H H .. .. .. .. .. .. . .. .. 19 :~~. , pursuant tQ section 23 of Ontario Regulation 936. 1977. as heretofore and hereafter amended, ( . <:aIIec\ the "Regulation"), being a regulation mode under The Ontario Municipal Employees Retirement System Act, R.s.O. I O. Chapter 324. as heretofore and hereafter amended from time to time, (herein eaIIcd the "Ad"), BETWEEN the ONTARIO MUNICIPAL EMPLOYEES RETIREMENT BOARD (herein called the" and TOWN OF ltIHCUDIIŒ . n called the "EmpIoyet'). WHEREAS under the Regulation which became effeçtive January I, 1978 provision was made for highest averasc earnings pension hc'ßefil' and in cnnnl'<1ion therl'Wilh subsection 2.l( 14) of the Regulation provides that a sup lementary agreement in force on !he 31st day of Dc...'Cmber, 1977 shall be deemed to be amended as ofthe 1st day of January, 1978, ûlsuch~asitisarnended in fact, to eliminate supplemental)' benefits duplicated þy a henefit otherwise payable under the Iation.' , . AND WHEREAS for those employers who had supplementary agreements in force on December 3 , 1m and wþic:þ conûnue \0 be in force as of the date hereof this Agreement shall be effective as of January I, 1978 and otherwise A¡ie..tUCII1 sIJ¡¡Q lie effective as of the Plan effective date as defined in the Plan. ' , AND WHEREAS it is undc"tood that as provided for by subsections 23(IS),(16), and (11) ofthe that, except to the extent otherwise provided for in such subsections, monies held ÎI\ the ,Fund supplemental)' agreement to which the Board and the Employer were pa~ies shan contioue to lie provide the henefits provided for in this Agreement. NOW THEREFORE in consideration ofthe mutual covenants and aøeements lM¡rein contained hereby covenant and agree: I. Words and phrases u<OO in this Agreement and in Schedule I hereto which are used in the Act Reg\lJationshal\, unless the context in which they are used clearly indicates a contrary intention, have the meanin¡ ¡iven them under the Act and the Regulation. and . , (a) "capital CO'1" of any benefit payaÞle under this Agreement shall lie the pn:sent value of the required by the Board \0 provide for the payment of such henefn and shall lie determined by theexecutive-director n the advice of the actuary in accordance with the practice of the Board in effect at the lime the benefit becomes pay (b) "covered member" shall mean a memller of the System to whom the Plan is appliœble; (c) "Fund" shall mean the Ontario Municipal Employees Retirement Fund; (d) "Plan" shall moon the Supplementary Pension Plan which is attached hereto as Schedule and which forms part of this Agreement; and (e) . "rlan contrihutiòn" shall mean any amount payable by the covered membels or the E provide the benclits or Ihe Plan. 2. Benefits payable under this Agreement in respect of a covered member shall be as set out in 3. The Employer shall provide each covered member with either a written explanation of the benefi and terms and conditions of the Plan and of any amendments made from ûme to ûme, or a copy of the Plan and any amend ts made from ÛIne to time. 4. The executive dire<10r shan determine whether or not a benefn is payable and the amount of an this Agreement. S. The Board, on the advice of the actuary, shall detennine the Plan contributions payable u Employer shall payor cause to be paid \0 the Board such Plan contributions. ,6. For the management and administration of this Agreement. each year the Board shall dell contributions paid or required to lie paid \0 the Board for that year. 7. Plan contribution.~, including the monies referred to in the last recital hereto, less ded administration and other monk'S required for current expenditures under the Plan (herei Fund") shall be commingled with and form part oflhe Fund and beinvestedandotherwise~t 'th in the manner providcd for in the Act with respect to the Fund. The Board shall keep or cause to be kept books of account, rds and documents of the Supplemental)' Fund and whatever information is necessa¡y for the fi~cia~ administrative actuarial requirements of the Supplemental)' Fund and the Plan including, without limit \0 the generality of the fOregQÏng, books of account, rocords and documents, on any such basis, as may lie reasonably required to ascertain in a uniform and uitable manner the interest of the Supplementary Fund in the Fund and in other funds commingled therewith and, subject section 12 hereof. the rate of return thereon. Subject to this Agreement the Supplementary Fand shall be held by the solely \0 pmviI!o\he benefits under this Agreement. .. No"'_;", "","",;. ,.. ^_"''''- ~Tho............ù Ad. ~""'"''''...... Regulations thereunder all as heretofore and hereafter amended, shall prevail in respect of this ¡ioloa.1CII\ and the Board shall provide The Pension Commission of Ontario with such informItion and cak:uIation& 811 ma lie reqIIinJI ~, 9, The Employer shall provide the Board and the JløI¡rQ ~ ~ ÚIe!.¡nplqyerwith sucII inti . 8II\IIeJ~ø¡quired for --..-:' the ~ti<m of.this A~. ". . . _ """, 10. When a benefit becomes payabl'- ~nd-;;;-this Alreement ~ Board sœ:ü ·dãiucÚ¡'¡' -aï¡.¡tal O'êsuch beDëiít fiointhe- Supplementary Fund and add such amount \0 the Fand and the Board shall then _ full' .. {or the p~ of such benefiL . under this A¡reement \0 Plan. this Aaocc.ncnl and the " ';;."<:1:.,.;.., .-,._....~.,ry--,-p "', -~. , II. Notwilhstanding SCl1ion 10 ob0ve. if a capital cost cleduajon would reduce the balance in the S~ fund held in respect of the remaining covered members to an amount which is less than the sum of the contributions made by such covered members plus the interest eredited thereon, an amount sufficient to make such redw:tion shall be paid forthwitll by the Employer to the Board failing which the benefit shaD be reduced aroordingly. 12, In any year the income credited to monies held in the Supplementary Fund shaD be caIcuIat.ed as follQws; (a) for monies held in the Supplementary Fund on December 31, 1917. if any. inten:st thereon shaU:~ to be credited according to the annual rate of interest on applicable debentures issued to the Board under seo:tion7 of the Ac:t, untU the end of the term of each such debenture and t'-fter at the rate provided for in clause (b) ~ .!I/IØ (b) for monies credited to the Supplementary Fund on or after January I, 1978. income shall be credilO!l.from the fll'St day of the month foDowing the month such monies are C/!dited to the Supplementary Fund. ata rate ~ c.:Þ year by the Board. which is equal to the rate ofretum earned in lheprevious year by that portionoftheFund~toin~ (3a) and (3b) of section 7 of the' Act. .' . _ . ~ 13. It is understood that the provisions of the Act and the Regulation shall, ~ where otherwise specili¡:ally provided for herein. apply to the provisions of thL' Agreement and to the Plan to the same extent and wkh thesamo eft'ec:tll would bethe _ if the provisions of this Agrccmenl and the'Plan were IIC\ out in the Reau~ion. In Ibla conllllc:tÍOn it ÎllIIIIdenI.øo4..aw. if and to the extenl the provisions of the Regulation are inconsistent herewith, the Regulation ahaII øovem It ÎII.~.that aU II\'ïo, i supplementary agreements between the Fies her!:to~iJl¡I'~~I!i4·~ at the doIICof ~..~.,;~,...~!!,¡~n I . , '__: _.....:.._,:\:':~:._\.T::....,,'.. ,",\".""_ ':' ::,.."J\": :': .~]~ I~ WITNESS WHEREOF this agreement is executed by the pu'Iia her!:to under \hit hIIniIs of their'-'.;~. ¡;'~...\i"~·~~.' .. ',. i" authorized in that behalf and corporate seals res~vely. . . . . <:",i,,: ': .' ~'- , .:;¡.- '·/f,\~,¡(;i·"'~;t~~:ru~'r': ~R THE EMPLOYER: (¡,,; ['(~:;;;:;":1;.:.~~tš~4';,i':i:' "" '4;;:it.~}~~ DATED: .. ..Ju:n.e.. 7. .197.9................. ô .... ...?7.':-:. /.. (, . '., \ .......:. ,'. ~~~~ "': ."..... - ....~..~ Ka10r ~'~""'.. '-::: ~' ,.. ~:~-:;;, :-~ '.'MA~.J <It ,,µ_~- ..~... ~.. ,. "."'~_ ""..~'<:'f.II'#.......~ . <' \ -.. '\ . .~.rk 1~.1."~;~ .....~..-'~:~ ",>';·'~f:·,:,~i:~:.!f;~7r ..Y ....,¡...,,'.. ':,"" \'.";~~'.."..Ø!,.,.,~:..;..:-..,....~J,:~.~~". _",v, u ,,'-.' ;";f1Ø"'o'-'~'~'~t;:'-·"~¥ '$;-~ ',' \~~,,' , ,~¡ f'f.-- ) FOR THE BOARD: DATED: ....................................... . . . . . . .. . . . . . . . . . "." .. . 0.... ': . ........ ..'.............. .. II. ~~,·'t'··." (SEAL . ""',:¡ ':.. ;" ,'.- _.._~,-- __.~__~._-. ~'~~~~'''I'"~'~:<'~'~~¡~;:~ì\i~J_ ''', > ,,,~..;tii\lí'\h. "~;' ')J~',i;~ ,/ . '''*'f . . SCHEDULE "1" 'O··i:···:·:·"'¡'·""·' .%,~':'~'.:." ,;' , ~,." ~:" i ;,' ..¡ ,~ ! PARr A . ------ ONTARIO MUNICIPAL EMPLOYEES RETIREMEN'» SYS'l'EM Supplementary Pension Plap Dated May 23, :1.1179 Covera¡¡f! e) This Supplementary Pension Plan (herein c.Ued the "Plan") 18 ppl~~le to '. members of the Ontario Municipal Blllploye.. I\IIitirement System ( erein called "cov~fed members") employed, by the Town ot 1I:1ncardine or the. !' .1:: ." . District Recreation and COIIIIItunity Ce~ Boud (each Nire1n CIa 1e4*~ ;' " . ¡ , ' " -' '--"::::f:,:'f;;~~r,;K",:~?;;~,;:'~ Employer". with respect to its employees) 111 'respect of tlwLr c tifl,llCIlllÌjHÎ:v!ce . , ";-,,, with the Plan Employers. ,~) This Plan shall be administered by the Town of Kincardine (her in called the "Employer") on behalf of the Plan Employers. ./.~'. Definitions .>,;~~-:,,:,;,; "..:c·,'" Words and phrases used in this Plan shall have the _ing giv ,b',Jit ,the Ontario Municipal Employees ietirement System Act, R.S.O. ~. ':_' ~'t to tbeIII under 970, as heretofore .' ~~"~ :)-\~- ;.~' c and hereafter amended (herein called "Act") and, its regulatio , Ontario ieguladon .. 936, 1977, as heretofore and hereafter amended (herein called "iegulation"), and (a) "Agreement" means the Supplementary Benefits Agreement of which tb1s Plan forms Schedule 11 /' ........:.. '. 'if':"'i ~- <~' (b) "basic benefit" means the benefit payable to a covered r under section 12, 13, 14, 15, 16 or 18 of the Regulationl (c) "Plan effective date" means Janua.ry 1, 1979 and the Plan ear shall end on December 31 of each year thereafter 1 (i) 60 if he is a policeman, or (d) "Plan normal retirement date" of a ·covered tneII)ber lIIIiIans the month such member attains age (ii) 65 if he is not a policemanl """~"""---'-.~ ---- - - "--. --- .~ .-. .._-- -- -_.. __0___- - --~-. ----.....-.-----.-.<--~."'. . , ""'. .,# ...2... (e) "permanently partially disaÞled" _sunable, dUll to ,""WO:'.~f.:Lc:&l incapaci ty, to perfOJ:'ll\ the duths of employment and a cov.red ~r sh¡ill be permanently and pi.rtially disabled when declared to be so by the Íll!flo¥er" ·;.k Application \~:r-< , Each employee ::a:h:f:v:l:~&O::i:l:~~ =~a c::s~ ;:r to '.. ·,·,····'i, .,' ..,', ".';'''·.:-'>'i:'·',.t\' --. .....:.-.. , . .... ''-':''':.J on the a contribution undeJ:'· nction 9 of t;1!.e ae9Ulation, whichever ia .'later :::\~,~i:;?,. Y"'I I-~~' ':, ,<i:':.,:-:);:,.~,,:,: ,'f;:;:;"t,L.f?\::<-', " 4. After taking into accounl;i~ the Elnployer shall contri})Ìlts . .~" ,"'~~:~~t;,;.;r,' contr~t:iOM ~t~ly. ~ þ, co~,·· . . Contributions provide 'for the payment"of benefits under 1;b111 Plan. ,.'~;'-'.-('.,' .... ....,.,<, ~," :.. ,:, :";..',-'-", ....(..{, 5. 'Plan Credited Service I IThe Plan , ,! service, I -'* :i~,:. .. -- .",~",-.,-: '.,(.~ ",", "" .,,'.-' -:,,::,,' ; ",";"', ;',' inunediately before .~tli4tr the Employer '.effective dacte of p&rtiÇ.~~,~~,~;<t,,~ System or the Plan Employel"eeffectivedate of partiq:l.pation.int~\¡~jtll\l/.. ''-''c'-' t'.;; credited service of a covered Nmber shall be that pa;t:. ~;§~coAtin~:ff;; as described insubsect:l.on'(l) ;'of section ,1 OfthiSPlan;'~~'QQ~ø4;'~¡(~' ,...,.:..,:..\:..... >,-- the case may be, but exililuding any SucA service (a) for which a contribution made Þy the <IOvueèl DIIIIbe% ~~;,,~,j,~ \I ".~ . .,:-.~:~",. ~ :::e ~=' ha~:e~r::::~on flln~. ,~",Jr;;7' for which the ocwend 1118D1be% w. elltitUd 1;Q" . 'C!CII\Qj:Wtjlll\r", ."',. :', '. , -,"'. '" ....,-,..,f , , ..;:':~' <), 1-i\;""':¡' "-'". ' ,:,ù; :·:'iF>' (b) ,-.,., . -. , under .ect:l.~...Qt the Regulation, under ~.A¡\pr~ ¡MII~PJ,.an "c-"" ." '"~_,h,. '~!: e'" or under a p#CU;,..ervige aq"~t 6JId c~' JlØt to .. ";, '~:~-"':" .. ~," " ..::;~,~{;, '\-':,.;,.." <c,' Early Retirement QualifY~ Service Early Retirement ~4fying Servige of a covered ~r shall ÞIt ·.ttMI·.UII of. (a) ,. the continuo. ...nige of the oovered. !lIMber, a. desc:d.Þed. ~ 'ubHoti~ ·,..·:~:'<_',,:::'ij~~)\ . ., . . . " (1) of s.ct:~~.ot this PJ.4n, which occ\lrred ~at.ely_~·eitheJ: if"e' . .... '. theJJlllplo¥er',t.;.ffective date of p&rtic:ipatioa int~ S)'8~or'the ,:'~'::':'::L~;A':;';'''J~~:,:-, ..' . . '. -,"- ..,"',...',' T_ ". ",-~::?<':::,:;G:":'<~"" ,....' P1M._~.ffect1ve{d&tèof partic:l.pation in the'II'IitJltii..the , , _ -=--=-=¡;-:--;:O"""-._ case _y be, and _~ '~'~::"'~![~~~~~:~~~~i\1~~c\t'~~?_,,,(g~~~'t..~~';'::" .... \. "'''''~';;'3:' """:~~~'''<'i'''\ -~.--,--,-,.----;.- -3- (b) that portion of the member I II crediteds~~icewhj,ch wae e&PiIId / during the member's seJ:Vice with the EIIIployer Qr a , lan BmploYtlx. r,:}ø~' ~~'f'Y'~j:~:' ;: ;,\{~tt:'x'>: i Supplementary Normal Retirement Pension 1""'~'1 ~f;<'~I' ,A supplementary normal retixement pension is payabltl undeJ: 'I . . . . 1001xed membex WhO retixeø on or after nil Plan nOrlllal .~ >:1'~,;;Ia!1a;Ll be equa.l .to 2\ of qiø pensionable euningø IllUlti~b '_ {_ -,-~r"" .." .. '." .., '. I~f yean and part of a yeer of hiB Plan oxedited ..nioe II¡! (al . when the covered .-mber beOClllle. ~titled to ., -c'" ...","<C ,."-';,,,.:.\.. :; PJ,Mto' ,¡,' . , t.i~. ,.~,: __ -. _~".. ,-!~_",y"l}i;jt~ -.. .. ",f:'" ~'.,,~.;. ..-,'." "..: ""~:.tJ:~l: ' ~:1!<,,_.__~_,,_'I_,~-_ ·:-:'<::::)\·?'?f;·'i.-,~:jY;-:-- ,- _ 35 "~I...;I'Ø\lCed, ~~. .. ,..---'........., '. ~.·c '~<;... ''''.'- . Canada Pension Plan by 0.7 pel:aent of the le..-r 0 ~b.,:"",.L~le . :<:\( .-~ earnings ox the aV4ilxage. of ~ Year'ø Maximum .Penøi la.Bamingø as defined in ~ cU\a~ P~~on. P~ for~:J.ar n)lbi~h M .~tixed and fox each Of the twopre~ ¥""~~, It 'ti.,.~JMImbe:r 1st day of Janua.z:y~ 1966 up to 35 yean, ~ ,(bl by the alUlI.la.løount of pension payable under.. pri x seniee agre_t . of years and pa:rt: of a yeax. f't ¡µ. plan Cl:edi~ . . ' ,¡;:;: or'an approvec pension plan to the >covered I118111i¡er ce . aft;el: ,the ~. or a.ftar his Plan noxmal retirement date excl~ng the annul _unt f M:Y .PMø1.on . purchased by voluntary contributions macSe by the co l:eQ ...."""'1:', IIncSel: > ,. (2) "fA øupp1811111ntary noxmal retirelllent pension payable to a covere ~~un4ar '::,::":;/J.. . . . \; tþisp,;an is payable c01/1çl"",n.t with a.n.4 \lMel: the slUll8"~eP\lll M4. ~~?ns "·.:{.J-:::S;l:.;i:~':"':'· . - -'-. -, ", _ -·,Æ~~'''~:.'I.' <" ,,2,~ut,I~ect,tÐ the slUll8,l+øta.tions aø tM coverec ~~~. rlllal'l:.~'~!I!!I"!1\t ;4: ".,. , ',<~t~~,:~:::: ¡" an <approved pension plan. ~JLc>n.un4el",. section 12 of the RegUla.tion. >~\c_ ' - , \Qt,withøtandinganything in this Plan, the annul amount of .,~~' . " . !toa,c:overed member under this Plan shall not be' less thlUl annual pension which contributions made by him on accoqnt of ~1'.: ;1;':; _, :~1.>retir8lllllnt pendon, or the early retirement sUl?~llllllln ~':::,_i :". '{ n;¡f~ov;14ê.~ amount of øuch annual penøion payable in reøpec supplementary ':;,~r,c:lontributions shall be determinec by the executive-4ir. ctor. of such covered . i \11M j:gtal of the annual amount of supplementary noxmal r.ti~. tpensi~ .<,;,.'--' -' --, ...':',:-;',.,.,.:.........:.<:...... :. ~yaÞ~.to a· covexeel I1W!mber under thiø øection plUII the ann uount of IUIY :w': ;1\~II~,+~}n. respecto( hiø. Plan credite4 ,.nice pay¡Lbl',)~9. overed 1118111be~.t "f""-:"--'" :,:t~~~_· - - ",' - :'.,~: :~-'<~~,:; rIIIal"r.tirement age under an approved pension plan O~lU\de . priô:!; ',êtVice /- ."::~:$:~.( ;»~;:¡\;; {,,' ": .. ."'<, ~~. :~~~J.J1'!i:~'h~~,~< -,' t~I~~ ..--~~---- -.., .\,::~ '.. ,;..' "." .:.;~' 'j': '. :~ ~ ,~> t· """-'¡""'" .~. .....,\ ,~"',,,"SiI ,. t~·"·· ,-r~ . . I ';, ..,~~;;~,~~-'?" ,_0 ,~~~i~;t:@., '\ Ct- '%- . "-;--, '\ '.. . ~~~ "i .~ 'to;'. _" -4- l 'f' ." -,- ~.:' agreement)ìilU4 the annual amount of normal retirement penIiOA-P"Y~'.~'~ covered memberè'under section 12 of the 1ù!gulation may not exceed tNI~xilllW\l ';)1):, ,.- ¡ ~t provið8din section 250(4) of The Municipal Act, R.S.O. 1970, cbap~r 2Ð4, ^ . ·{~~t ,'. .[1,-, I.,"":'" 'as amende~\ 'EarlY1ù!tiré~nt Supplementary Pension · :,.. ': 8.(1) IAn early retirement eupp1etnentary pene.l,on is payable unc1er thoiIJ Pl~tò a I , , ' covered melilbez who! 'r,. (a) "i'reUr:.. withi.Jl,:* 0",,_',". " '- -,..~:., ..'." ..,~j;:ï>.' ,t .' daw/' and .,-h,.t, ""'1 :-';'~,'-->, ,.:,:.- ',~, '-_',-_:'.:, - , _ <,;t~~;>:~ ,. ~~"~: . . " '" ._' ";. tT:,~t· " (þ~¡:\~;!: earned a~~~~. 30 yeus' ~f Earl)' 1ù!t''~1: ~~~ '''';''1 :, . ;;~ has becOlll8 ~pDAnently par:'tia~ly disabled, and , , ! ' 10 year jI&f1¢ ~fon h1l PlIn nonla1 ä~.4IIIIInt ': --~ ,.,' -' ¡:" -- . ~ ~:~~~;;; ;. · ",',r. (c), ·r, '"!J1!9tis tor!cé,.~ an earl~ rel:j.rement pension under sectiOli.:I$ of '. ;;:.;;,.'''' ; ,~"'- t:ii: 1ù!gulatic¡n.and a supplellliJl\tary ~.rlY retirement pen!ilionunc1er t';- '!~¡~t; , paragraph (d) 011 pction 9 011 this P1Ali. f(;)''l'he early retirement sllp¡>lementary pension shall be payable co:Lnc:i.c1e.nt with ,;t"' .'. : -~. " " :. .' , ,ii ':>~d under th41:" same terma'and conditions anðslilbject:- tò '\:he., __ l;!.øl1l:4t.j.ons " -'j. " -:~_._- Ai( .,as the member's early tet4.rement pension SO elected inpa.;'A9J.'aph(c),øf . .,/t >'''-' ' ~ " ,- . :',;>,' ,-' . ; ''i¡tsÛ\:)section, (~) . . ',The earl{retirement s'W~lementary pensLon payable to a cove~d member under ,l'tlû.s/{Ì'làn'shail be equaltø the sum oft ,," t~·;:';(â)the.¡unount by which the early retirement pensionreferredt,QL!1 ~ -ì::' ~ . - ,.' " pa:regraph ,(c) of subsection (1) i.s less than tha UIOW\~,o'.normal '0" retirement pension calculated in respect of. the cove~i'~I".1n · .yo''':, '; ',~ . ,¡,.,. accor~anc. wi'~..ction 12 ot the 1ù!gulatlonuUng tbe..- ¡lef,1Úonable·< i " '<:'I(;;",;{1~G',': --,~,:;~,;,~ .:-' '. - i~-'-~: :-";::--:"":\<"--:'" ,,_: .. ,." -,'. '. ,·",f\'teaP.lings andcte411:ed service used to calculate such ,,~';í.~t , , . -"-?ik.f'_-_;:. . ';- ,(':-,~}J,:,,:'~-_i:';_ -,.'.: __ Cb):S:::n:l:: ~Iû.Ch the supplementary early reti;...nt· pe~~~:¡~~.fe~. . ;:""t~\n paragraph (c) of subsection (1) 18U~~~~'~;~~' ;. ;. _,:':,.~,:~.':~ . . .' ':-,'-':",:+_1" :_<{~:t;\~-~~_i -~ "<":~')~~::~~~~\~~ffi~'~,:J ~ ; supplementary normal retirement pension calc1.ll...,4 in' ..~'::óf . ~ ,.;i'" . , " " .1<' "#~l¡jfoyered tnèJnberin accordance with section 7 Of'tþ1s·Þlan·~t~t;be 1',r;·'Sallll! pensionable earnings usÌld to èa:J.culate SUCh supp~'.arlY " i ..,:"j¡t .. ,'. .~0{;:,¡'~,,~l;~.~,~~~~ement pension and the. member's 1>lan credited service e~tò. .the date in.respect of which such supplementary early retirement " .::~;~~JiL: '~!l.ion _. , ., .:. ,-.~~·~-;z1·~,~ ';·--;'i~:~,~,¿!,., " '~-~~:'~:~~$1?"::::~ ,:_.:' -_-_-""-'"-'-'--~~~o;;;.;-~-c~~~"~- celcu1.ated¡ plus 'ii' . §~~~.",.~,,!:j,/¡;j*'~W~.~~""i:P~ ---:-=-~C";"-"-..... ~........o;;c-->~_-i'~,:-~".-.-~- ^ --_~- -- ",- ,,~';;'-.--::-_-:-,'-- -~~ ,___:-,;,-~ -Ji 11 ,..",-, "~ ~. ¡ -~, .... --..........-- r -5- - the amount. if any. by which the penaion from an appr,ov d JI.aaicm plan or ."1"'''' . f prior aervice agreement of the Employer payable 'in resp c~ of~h. cov.;iId ;'member's Plan credited service and payable to the cover d member on.the . early ,retirement referred to in paraaraph ( > of e¥baection (i> 1s1ess than the amount of pension frOlll such approv pans10al p~ ./ or prio~ service a8reement.which would have bean payabl to ~ ~.;. \'¡ ~- , j' . . , i ~ {> .,:tì 011 h18 ÌOlan normal retirement dllte. . ,,¡:~1"'1\ ,'.;..'~"~.;: -:",~;.:;~ '. ",,;f~ Othe~~enefits . . ",~~:A','-; 'r -:':"'. ,.' 9. . . 11\ ~~eu )f the supplementary normal retire~lIt pension der a.cl;:Lo,,", 7 of : .:' ,. :'- .-; '~i-';" . .,,;thi~!t~II' ther~ shall be payaUa. cOinc:.t with and und.; ~,h ..~,~~,~d 'i,",~ond:'~10nli and subject to the allllle lWtationa aa the b..~, ~:L~(," "i~:';':{i: · (all a' aupplementary di~abiUty retirement banefit' ~~~~~~.: ~~.~~¿~~~ ,::\,t\-,. . \.\ :. "c~" £f ' . . i,., prescribed in section 13 of tbe Re8ulation but lI!lill8 :.upp~t~y "~'l(-:,;~tf< ---1 ~ ___~hv"~'-' nórmal retirement pension under section 7 of th18 Plàn sa bN~ ~9; .¡;". I: ~' calculà,tion; or a supplementary pension to a covered member's widOlol', chlld;an calcul~t;ed in the manner presl¡l&+bedin section 14 of t Re8~ti~ but using 'the supplementary normal retirement penaion unde 7 of th18, "';¡;1':"¡:"; section,lS'of the Regulation but using the supplementa / ,'" Plan as? basis for·calculation¡ ~r , ~c> . . a'supplementary deferred pension calêulated prescribed in , lIormal retirement ." tI+;¿A.\i ~:::;::;:::: ~::':::::œ',::::: : ::::~ , ,.',,\, .i ;,;--. in section 16 of the Regulation but using the sUPp1 tary ,!1O~retire_t ¡~~ .' 'i~;,':~';~~i~under section 7 of this Plan as. a basis' for. c culatioø¡ or 'ij*~, (.r~~f~S~~fund òf contribut:Lons plus intereat to the cradit ,f . caver.øaaaber ":,,t~:~i:,:' ~\~ . C;;VtB~~~~r ~h~s Plan, ial tbe manner prescribed in section 1 of t~,"¡µ1atiOIl¡ or , ,(f)~:¡,~):~~'an8fer of the present value of any supplementny f':i~j,<~;~~t;COvered 1D8l11ber under thi., Plan, in accordance w ':<f-¡;'!':": -, - " '\ì'¡¡'preac!ibed in section 22 of the Re8ulation or subsecti p nsion to the credit I th the III8IUICIr i ..10 of,' .~tiOD ~3 ,:\,., . Qf the'lttegulation. . . ~ '." " ~~£:~':l~ ~- ,'. - --..-.' .. '.~': . , .~... , " , " >',.",_, C:,,_\ 'C'""'".,;"'''"¡,, .' -'ne >":',,~,~r;, >~-;-' 1< ", -;;~j~~~o~:m~'"".;,'" -'l¡ '.. scellaneou~,i f~ . v'·, .. . "6- " r,' , .... ,_h _I /' ":,~ contr1buti~ns _de by a covered member under, this Plan, or under a previous "i~,'1(. ,_::,,:".:.. ': -' ,.-- >:;~,>,~-.:" ',". ' . : .¥ø ,w:l..th resp~t to the benefits provide4 herein, shall not be w1t¥~ :1.$1 . . ';', -.-: 1;' . _,', ! .\i> "~" '-',__:' - -' , ' ,-:- , ,:.~~~'or :l.n,p'ar~ while t~ _ered member remains a member of the OUtado ··,¡:,v.::'r~'~~':'>\"~~"'· - -' -', ,'-. j¡f'::t ~icipal Employees RetirelllentSystem, -/h,L·'·;+t'- '-', ,'¡, ,./':-",." -'. . . '.;(2) The interest ..'ôf' a person un4er this Plan and in any ,-r"-·,, .,,- '/ ;"i#ft:' -,~".!. :' Plan is not subject ·to garnishment, , . t:l.me to \~ s,~ce~~or ",~.~}, :, :t;>'::vl:¡' t:Lmè. ,f, l' , ;,~1::, -'\:H~i.' sectio,nB or ,,- -,.'-, . ." benefit ~able"LI~'th:l.. .' .' : ,I >'<~ "-TJ~ :<,~; :.:::;:':;~;:i' . - :_ attachment, seizure 07ö othe: prOc:,'" ,~fJ"w. ,.";}~ii*~,~!f~~i'"j''':,,, " ",' and Regulation oi' alÍb!liv:l.s:l.oAáUil~,.~eof ' . " " "'))" subdivisions thereof which.;.ã;-'ibe ·ell.õt.¡s~~om : ,.," '" ,~~ '. ;;;i{~~;i'- ";', ~:'.,-'- '~(. «ii " ¡¡it: \,&I1d is not asd¡nable. "'",""-.- ' ,-",.., J;h) Refe:~nces her~t~ :;.;,~~ t ':;r.<-" ·to sect:l.onsof the Act , , . . "include' " ~ . . .~. . . r 'j .' . ."';. ",' .. '-,' ~, "' -, . ',o! . ',/-' .. ~.. -~.. \ ," .-'" .---- '~, " I 1 'I .~, .... , .~ " :< - ¡ . ., ,oj:; ~ .' ,,.:¡~ ,'~,!¥' .