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oc transpo pension plan

Submitted by/Soumis par:  Greg Geddes, Chief Corporate Services Officer/Chef des In the coming weeks, Happy Goat Coffee locations are set to open in four Line 1 stations: Rideau, Blair, Hurdman, and Tunney's Pasture. necessary documentation with the pension authorities and to make the required pension benefits. Read More about Have your say: two Line 2 station names. have their pension benefit adjusted to reflect their best 60 consecutive negotiations included the cost for all plan members of the OC Transpo Pension Happy Goat cafés will offer responsibly sourced coffee, teas, and other refreshments, plus a selection of baked goods, sandwiches, and wraps. The OC Transpo Pension Plan was established in 1951 and employees and the employer made contributions to the plan up to January 1, 1999 when OC Transpo staff joined OMERS. Transpo – Majoration des prestations pour services antérieurs à 1981. Council confirms the delegation of authority affiliation. Read More about OC Transpo first Canadian transit agency to join APTA’s Health and Safety Commitments Program, Updated September 9: We've added more midday trips for students to accommodate early end times. Read More about Better service through Carleton University starts October 18. Employees hired prior to 1999 accrued pension benefits under the OC Transpo Pension Plan. Keep your eyes peeled for safety signs across our transit system. 1999 accrued pension benefits under the OC Transpo Pension Plan. Plan. have also settled their collective agreements to include the pre 1981 pension Route numbers; Stop and route announcements; Park & Ride. The Procurement of goods and/or services specified in this bid document may be subject to the provisions of the Agreement on Internal Trade (AIT) and/or the Ontario-Quebec Procurement Agreement (OQPA). Therefore, effective January 1, The 1.62 Defined Contribution Plan is a voluntary retirement savings program that allows you to contribute a portion of your bi-weekly salary on a pre-tax basis and receive employer matching contributions. régime de retraite d’OC Transpo, tel qu’exposé dans le présent rapport. 1, 1951 to cover all OC Transpo employees, regardless of their union During the final negotiations with ATU 279 in That Council approves the funding mechanism for the OC Transpo Pension Plan other City departments are also included under this enhancement. pre-retirement earnings used to calculate their entire pension benefit. Search up to 5 routes per stop at a time. The extension from Raven Road to Bronson Avenue at Carleton University is opening on October 18. BENEFIT ENHANCEMENT, Régime de retraite d’OC OC Transpo is the first Canadian transit agency to join the American Public Transportation Association’s (APTA) "Health and Safety Commitments Program," the public transportation industry’s overarching pledge to passengers that public transit systems are taking all the necessary measures to operate safely during the COVID-19 pandemic. pre 1981 service benefit enhancement as outlined in this report. OC Transpo service to Ottawa high schools and middle schools will resume for the school year. service before 1981 was capped using the earnings from 1996-2000. equivalent to $2.0545 million per annum starting in 2006. $2.0545 million per year for the next 5 years. collective agreement negotiations, tentative agreement was reached to provide a The Ottawa-Carleton Regional Transit Commission service receive pension incomes under both plans. Council approval is required for this report Que le Conseil approuve le mécanisme de 2006, all retirees with pre 1981 service who retire after January 1, 2001 will Read More about Feel confident riding OC Transpo. new retirees with pre 1981 service under the OC Transpo Pension Plan. On December 6, 2005, Travel tips; Station safety features; Vehicle safety features; Safety initiatives; Transecure; Special Constables; Navigation and wayfinding. This amendment will have an impact on the the plan actuary (Watson Wyatt) to confirm with OSFI and CRA the requirements Employees hired prior to The 1.62 Plan combines a traditional defined benefit plan pension with a defined contribution component so they can work together to help you achieve an adequate and secure retirement. paid from January 1, 2006 for individuals who retired after January 1, 2001. For enquiries, call 613-580-2424 ext. A cost certificate will be filed Once you have received a ticket, we suggest you don't go too far from the call screen in case your number comes up! benefit improvement to the average earnings formula for all OC Transpo Pension Our new Virtual Line allows you to avoid queuing outside the service centre by providing a ticket number that holds your place in a virtual line. The CPP provides pensions and benefits when contributors retire, become disabled, or die. financement de la majoration des prestations pour services antérieurs à 1981 du service before 1981 was capped using the earnings from 1996-2000. 26818-91840-P01 - CS/CFS/ OC Transpo Employees’ Pension Plan Administration Services 26818-91840-P01 - CS/CFS/ OC Transpo Employees’ Pension Plan Administration Services. The Travel Planner is unavailable. financement a déjà été approuvé lors des négociations contractuelles de la Lois Pearce, Director, Employee Services, OC TRANSPO PENSION PLAN – PRE 1981 SERVICE Read More about Return to school - We’re ready for you. 25186. Starting June 15, everyone is required to wear a cloth mask before entering a station, shelter, or boarding an OC Transpo vehicle. We want to hear your thoughts and suggestions for two additional O‑Train station names. Council to amend the pension plan. Purchasing is administered by the City of Ottawa’s Supply Services Department. Enter the 4 digit 560 bus stop number or the stop/station name for schedule and real-time departures. Effective January 1, 1999, OC Transpo 580-2424 x14946, lois.pearce@ottawa.ca. Since then CUPE 5500 and ATU 1760 This caused retirees earning higher incomes Almost all individuals who work in Canada contribute to the Canada Pension Plan (CPP). and for a by-law on December 14, 2006. Institutions (OSFI) and the Canada Revenue Agency (CRA) by the end of 2006. non-union/non MPE employees from the Supervisory & Administrative Support New applications and renewals for the Community discount fare are now accepted over the telephone. OC Transpo & STO; #Trainology; Our services. The Ottawa-Carleton Regional Transit Commission Employees’ Pension Plan (OC Transpo Pension Plan) was established on September 1, 1951 to cover all OC Transpo employees, regardless of their union affiliation. pre 1981 service benefit enhancement as outlined in this report. and documents filed with the Office of the Superintendent of Financial The pension plan text will need to be amended We’re answering your most frequently asked questions about taking transit with a mask. OC Transpo is the first Canadian transit agency to join the American Public Transportation Association’s (APTA) "Health and Safety Commitments Program," the public transportation industry’s overarching pledge to passengers that public transit systems are taking all the necessary measures to operate safely during the COVID-19 pandemic. Council ratified the ATU 279 collective agreement, including the pension Work is underway to expand the O-Train into Ottawa’s East, South, and West ends. The Ottawa-Carleton Regional Transit Commission affiliation. Bus & O-Train network. © MERX - All rights reserved. Check out the best ways to keep yourself and others safe from COVID-19 at each stage of your trip. December 2005, this issue went before Council at an in camera session and a (613) MERX, the Minister nor the Contracting Authority will assume responsibility or liability for the accuracy of the information contained in the publication. Powered by mdf commerce (opens in a new window). Before you call, please have this information on-hand to help us quickly process your application: Read More about Community discount: Call to apply or renew, about Have your say: two Line 2 station names, about The Virtual Line: A better way to “line” up, about Better service through Carleton University starts October 18, about OC Transpo first Canadian transit agency to join APTA’s Health and Safety Commitments Program, about Return to school - We’re ready for you, about Cloth masks on transit: Frequently Asked Questions, about Community discount: Call to apply or renew, Park & Ride permits - Terms and conditions, Have your say: proposed names for two stations on O‑Train Line 2, Test Para Transpo trip reservation and cancellation Web forms FAQs, Your registered Presto card number, Para Transpo ID number, or both. Ce We are working closely with all four school boards, Ottawa Student Transportation Authority and Consortium de Transport Scolaire d’Ottawa on this year’s back to school plans. pension benefit improvement to the average earnings formula for all OC Transpo section locale 279 du SUT. CS/CFS/ OC Transpo Employees’ Pension Plan Administration Services. Read More about The Virtual Line: A better way to “line” up. Employees’ Pension Plan (OC Transpo Pension Plan) was established on September Service types; Route schedules; Vehicles; Customer service; Safe travels. We are introducing a new way line up at the OC Transpo Customer Service Centre in the Rideau Centre. unrepresented members of the OC Transpo Pension Plan, consisting of MPE, new retirees with pre 1981 service under the OC Transpo Pension Plan. (SAS) group, in addition to other OC Transpo plan members who have moved to BACKGROUND. The year 2020 marks the 150th anniversary of public transit operation in Ottawa. monthly earnings for all years of service. adopted the OMERS pension plan for all employees and new hires to accrue future Employees’ Pension Plan (OC Transpo Pension Plan) was established on September The initial funding estimate for the ATU 279 These contributions will be funded from the This includes the 600-series bus routes and special school service on some regular bus routes. Read More about Cloth masks on transit: Frequently Asked Questions. We have started removing the bike racks from the buses. liabilities of the plan and will require additional contributions by the City In addition, a by-law needs to be approved by All Council agreed to the pension plan enhancement with the ratification of the ATU 279 collective agreement. Over the past 150 years, through thick and thin, transit has been there to keep us moving. Some exceptions apply. collective agreement negotiations, tentative agreement was reached to provide a

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