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HomeMy WebLinkAbout99 084 OMERS .- . ,. -... ' - . THE CORPORATION OF TIlE TOWNSHIP OF KlNCARDlNE-BRUCE~ TIVERTON BY-LAW NO. 1999 - 84 A BYLAW TO AUTHORIZE THE PARTICIPATION IN OMERS BY A MUNICIPALITY IN RESPECT OF EMPLOYEES WHEREAS PURSUANT TO SECTION 15(1) OF THE Ontario Municipal Employees Retirement System (OMERS) Act, R.S.O. 1990, Chapter 0.29 and Regulation 890 as amended, a municipality may by bylaw participate in OMERS on behalf of its employees and pay to the OMERS Pension Fund the total of the employer and member contributions, and has all the powers necessary and incidental thereto: NOW THEREFORE the Council for The Corporation of the Township of Kincardine~Bruce- Tiverton ENACTS as follows: 1. The Employer hereby elects to participate in OMERS in respect of its employees as of the first day of January 1999, (THE EFFECTIVE DATE) and authorizes the Clerk to submit forthwith a certified copy of this by-law to the President of the Ontario Municipal Employees Retirement Board. 2. Every employee of the Employer who on December 31, 1998, was employed by: The Corporation of the Township of Bruce The Corporation of the Township of Kincardine The Corporation of the Town of Kincardine and who was or was entitled to become a member of OMERS on January 1, 1999, shall continue such membership or membership entitlement for January 1, 1999, while employed by the Employer. 3. Every person who becomes an employee of the Employer on or after the effective date, if such person is employed on a continuous full-time basis, shall, as a condition of employment, become a member of OMERS, or if such person is already a member, resume contributions to OMERS on the date so employed. 4. The Treasurer of the Employer is hereby authorized to deduct from the earnings of each employee who is a member of OMERS, the contributions required to be made by the member, and to remit such contributions together with the amounts required under the OMERS Act to be paid by the Employer to the Ontario Municipal Employees Retirement Fund. 2/ . .' . . By-law No. 1999 - 84 Page 2 5. The Treasurer (the Agent) is hereby authorized to execute all necessary documents and to do all such things as are necessary to carry out the intent of this by-law, in accordance with section 6 of the OMERS Regulation. 6. This by-law shall be known as the "OMERS By-law, 1999". READ a FIRST, SECOND and THIRD time and FINALLY PASSED this 21st day of July 1999. ~~~ ayor ~ \l\.AJl. NO. 1999 – 84 A BYLAW TO AUTHORIZE THE PARTICIPATION IN OMERS BY A MUNICIPALITY IN RESPECT OF EMPLOYEES WHEREAS PURSUANT TO SECTION 15(1) OF THE Ontario Municipal Employees Retirement System (OMERS) Act, R.S.O. 1990, Chapter O.29 and Regulation 890 as amended, a municipality may by bylaw participate in OMERS on behalf of its employees and pay to the OMERS Pension Fund the total of the employer and member contributions, and has all the powers necessary and incidental thereto: NOW THEREFORE the Council for The Corporation of the Township of ENACTS Kincardine-Bruce-Tiverton as follows: 1. The Employer hereby elects to participate in OMERS in respect of its employees as of the first day of January 1999, (THE EFFECTIVE DATE) and authorizes the Clerk to submit forthwith a certified copy of this by-law to the President of the Ontario Municipal Employees Retirement Board. 2. Every employee of the Employer who on December 31, 1998, was employed by: The Corporation of the Township of Bruce The Corporation of the Township of Kincardine The Corporation of the Town of Kincardine and who was or was entitled to become a member of OMERS on January 1, 1999, shall continue such membership or membership entitlement for January 1, 1999, while employed by the Employer. 3. Every person who becomes an employee of the Employer on or after the effective date, if such person is employed on a continuous full-time basis, shall, as a condition of employment, become a member of OMERS, or if such person is already a member, resume contributions to OMERS on the date so employed. 4. The Treasurer of the Employer is hereby authorized to deduct from the earnings of each employee who is a member of OMERS, the contributions required to be made by the member, and to remit such contributions together with the amounts required under the OMERS Act to be paid by the Employer to the Ontario Municipal Employees Retirement Fund. 2/ By-law No. 1999 – 84 Page 2 5. The Treasurer (the Agent) is hereby authorized to execute all necessary documents and to do all such things as are necessary to carry out the intent of this by-law, in accordance with section 6 of the OMERS Regulation. 6. This by-law shall be known as the “OMERS By-law, 1999”. st READ FIRST, SECOND THIRDFINALLY PASSED a and time and this 21 day of July 1999. Mayor Clerk July 5, 1999 Ontario Municipal Employees Retirement Board One University Avenue, Ste.1000 Toronto, Ontario M5J 2P1 ATTENTION: Sandra D. Horne Sr. Administrator, Amalgamation Unit Dear Ms. Horne, We are pleased to advise you that the bylaw concerning the three amalgamated municipalities participating in OMERS has been completed. The bylaw will be presented to the Council of The Corporation of the Township of Kincardine-Bruce-Tiverton at the next meeting. We anticipate no problems and will forward a certified copy to your attention once the bylaw has been passed. Yours sincerely, Bob Waram C.M.O., Deputy C.A.O./Deputy Clerk BW/al