On May 4, 2011, the OMERS Sponsors Corporation (“SC”) made public seven proposed changes to the OMERS pension plans. The proposals have been put forward by various individual SC members in connection with the SC’s annual review of the OMERS pension plans. There are two main objectives: (1) improving the funded position of the top-up…
Tag: EMS
Ambulance Act Regulation Filed
On December 30, 2010, the Ontario government filed amendments to Regulation 257/00 (General) under the Ambulance Act. O. Reg. 527/10 changes the heading of Part V from “Standard of Patient Care and Transportation” to “Standard of Patient Care and Documentation”, among other things. The amendments also add a new section 11.1, requiring ambulance operators, emergency…
OMERS Supplemental Benefits: Bargaining Issues & Strategies for the Emergency Services Sector
With the passage of the Ontario Municipal Employees Retirement System Act, 2006 (“OMERS Act 2006”), police [1], firefighters [2] and paramedics [3] are now able to bargain additional OMERS pension benefits, called “supplemental benefits”. This ability to bargain supplemental benefits will have a dramatic impact on local labour relations and related costs. The OMERS Act…