File #: DM 13.1    Version: 1 Name:
Type: Direct Motion Status: Agenda Ready
File created: 12/4/2025 In control: City Council
On agenda: 12/10/2025 Final action:
Title: ELIMINATION OF MAYORS PARTICIPATION IN OMERS PENSION PLAN Moved by: Deputy Mayor, R. Thomson Seconded by Councillor, AM. Kungl That staff in the Human Resources Department undertake the required process and work with OMERS to eliminate the need for the Mayor to participate in the OMERS pension plan; and, if the Mayor's participation in the OMERS pension plan is ended, that the Corporation provide options for alternate contribution plans that maintain the Mayor's overall compensation, including an employer contribution of 12% of the Mayor's base annual remuneration (equivalent with what the employer contribution would have been under OMERS), resulting in no change to the Mayor's total compensation.
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Title

ELIMINATION OF MAYORS PARTICIPATION IN OMERS PENSION PLAN

 

Moved by:                     Deputy Mayor, R. Thomson

Seconded by                     Councillor, AM. Kungl

 

That staff in the Human Resources Department undertake the required process and work with OMERS to eliminate the need for the Mayor to participate in the OMERS pension plan; and, if the Mayor’s participation in the OMERS pension plan is ended, that the Corporation provide options for alternate contribution plans that maintain the Mayor’s overall compensation, including an employer contribution of 12% of the Mayor’s base annual remuneration (equivalent with what the employer contribution would have been under OMERS), resulting in no change to the Mayor’s total compensation.