3150-94DownsizingBenefitEssex - Laserfiche WebLink

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THE CORPORATION OF THE COUNTY OF ESSEX BY-LAW NUMBER 3150 BEING A BY-LAW TO AUTHORIZE SUPPLEMENTARY DOWNSIZING BENEFITS UNDER THE ONTARIO MUNICIPAL EMPLOYEES RETIREMENT SYSTEM - THE CORPORATION OF THE COUNTY OF ESSEX. WHEREAS by By-law 1549, The Corporation of the County of Essex (the "Employer") has elected to participate in the Ontario Municipal Employees Retirement System (the "System"). AND WHEREAS pursuant to the Supplementary Benefits provisions of the Regulation made under the Ontario Municipal Employees Retirement System Act, R.S.O. 1990, c 0.29, as amended, an employer who has elected to participate in the System may enter into an agreement with the Ontario Municipal Employees Retirement Board for the payment of Supplementary Downsizing Benefits in respect of all or any class of the employees who are members of the System; AND WHEREAS The Corporation of the County of Essex has approved, by resolution, a downsizing programme that meets the following requirements: 1. It was introduced as a result of financial pressures or constraints; It aims to reduce the financial obligations of the employer by reducing the number of employees or the number of hours worked by employees; o It includes early retirement guidelines and a restructuring plan setting out the manner in which the employer intends to carry out the downsizing. NOW THEREFORE the Council of The Corporation of the County of Essex hereby enacts as follows: The Warden and the Clerk are hereby authorized on behalf of The Corporation of the County of Essex to enter into a Supplementary Downsizing Agreement in the form attached hereto with the Ontario Municipal Employees Retirement Board for the payment of the supplementary Benefits provided in the Supplementary Downsizing Plan set forth as Schedule 1 to the Supplementary Downsizing Agreement.