Loading...
HomeMy WebLinkAboutBy-law No. 1998-010 CORPORATION OF THE MUNICIPALITY OF BAYHAM BY-LAW NUMBER 98-10 BEING A BY-LAW TO CONFIRM ONGOING PARTICIPATION IN THE ONTARIO MUNICIPAL EMPLOYEES RETIREMENT BOARD (OMERS) PROGRAM WHEREAS pursuant to Section 5 of the Ontario Municipal Employees Retirement Systems Act, (OMERS Act),R.S.O. 1990, Chapter 0.29 and Regulation 890 as amended, a municipality may by by-law 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; THEREFORE THE COUNCIL OF THE CORPORATION OF THE MUNICIPALITY OF BAYHAM HEREBY ENACTS AS FOLLOWS: 1. THAT the Corporation of the Municipality of Bayham hereby elects to participate in OMERS in respect of its employees as of the first day of January, 1998, and authorizes the Treasurer to submit forthwith a certified copy of this By- law to the President of the Ontario Municipal Employees Retirement Board. 2. THAT every employee of the Municipality of Bayham who on December 31, 1997 was employed by the Township of Bayham and the Village of Port Burwell and who was or was entitled to become a member of OMERS on January 1, 1998 shall continue such membership or membership entitlement from January 1, 1998 while employed by the Municipality of Bayham. 3. THAT every employee of the Municipality of Bayham who on December 31, 1997 was employed by the Village of Vienna shall be eligible for enrolment in OMERS on the effective date,providing they meet any eligibility requirements under the OMERS Regulation. 4. THAT every person who becomes an employee of the Municipality of Bayham on or after January 1, 1998, 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. 5. THAT the Treasurer of the Municipality of Bayham is hereby authorized to deduct from the earnings of such employee who is a member of OMERS, the contributions required to be made by the member, and to permit such contributions together with the amounts required under the OMERS Act to be paid by the Employer to the Ontario Municipal Employees Retirement Fund. 6. THAT the Treasurer 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. 7. THAT the Municipality of Bayham hereby approves employees employed on other than a continuous full-time basis becoming members of OMERS in accordance with subsection 8 (4) of the OMERS Regulation. By-law No. 98-10 READ A FIRST AND SECOND TIME this 5th day of January, 1998. READ A THIRD TIME AND FINALY PASSED this 5th day of January, 1998. dpi MAYOR CLERK