ontario regulation 460/01

made under the

Ontario municipal employees retirement system act

Made: December 5, 2001
Filed: December 10, 2001
Printed in The Ontario Gazette: December 29, 2001

Amending Reg. 890 of R.R.O. 1990

(General)

1. Regulation 890 of the Revised Regulations of Ontario, 1990 is amended by adding the following section:

13.1 (1) In this section,

“career average pension” means a pension for a period of contributory earnings before January 1, 1978 calculated under Regulation 638 of the Revised Regulations of Ontario, 1970, as amended to December 31, 1977, or a predecessor of that regulation, excluding any pension calculated as the product of a percentage multiplied by credited service multiplied by pensionable earnings.

(2) The pension payable to or in respect of a member shall be increased by 1.92 per cent of the career average pension payable in respect of credited service after December 31, 1965 but before January 1, 1978 if between those dates,

(a) the member retired or terminated employment from an employer that participates or participated in the System; and

(b) the member’s pension is a career average pension.

(3) The effective date of the increase described in subsection (2) is January 1, 1999.