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HomeMy WebLinkAbout1942M 1%W f kitY THE CORPORATION OF THE TOWN OF BOWiiANVILLE BY -LAW NU14BER Being a by -law to authorize participation in the Ontario Municipal Employees Retirement System. Whereas pursuant to section 15 of the Ontario Municipal Employees Retirement System Act, 1961 -62, a municipality or local board may by by -law or resolution elect to participate i in the Ontario Municipal Employees Retirement System and pay to the fund the total of the employer and employee contributions, and has all the powers necessary and incident- al thereto: Now therefore be it enacted as a by -law of the Corporation of the Town of Bowmanville (herein called the Employer) as follows: 1. The Employer hereby elects to participate in the Ontario Municipal Employees Retirement System as of the first day of 1965 ( herein called the effective date) and authorizes the to submit this election in writing (by provision of a certified copy of this by -law) to the Secretary- Treasurer of the Ontario Municipal Employees Retirement Board. 2. Every employee who) before the effective date, was an employee of the Employer, is entitled to become a member of the System on a day fixed by the Employer, if he is employed on a continuous full -time basis and at least 75% of the employees so employed who are under their normal retirement age become members. 3. Every person who become;an employee of the Employer on or after the ef_ective date if he is employed ona continuous full -time basis shall, as a condition of his employment become a member of the System, or if he is already a member resume his contributions to the System, on a day fixed by the Employer that is within twelve months after the day on which he became so employed. -2- 4. The Clerk - Treasurer of the Corporation of the Town of Bowmanville is hereby authorized to arrange for the deduction from the earnings of each employee who is a member of the System, the contributions required to be made by the member, and to remit such contributions together with the amounts required under the Act to be paid by the Employer, to the Secretary - Treasurer of the Ontario Municipal Employees Retirement Board, and to execute all necessary documents and to do such things as are necessary to carry out the intent of this by -slaw. ( OPTIONAL CLAUSES (,Number as Required) ) 10ther 5• The Employer hereby approves employees employed on other iraw Employees) than a continuous full-time basis becoming members of the System if at least 75% of such employees become or are members. 6. The Employer hereby certifies that employees who are (Age 60 engaged as (policemen - or firemen or policemen and Retirement) firemen are entitled to retire at age 60. 7. The Empl yer hereby el -ects to pa icipate tgee the with'' (Joining To form Sinr-le Employer) n tl Ontario PYJNi i 1961-62 ,/and the �of�d or locy_bo ppl,�caKe a .cip�A loyees Pkegulation there READ a first and second time this i,rig employ undgy tireme' System Act, ri day of 1965. Mayor. Clerk. READ a Third time and Finally passed this day of 1965 Mayor. Clerk. --- --- - ---