In a bid to make serving on Council more attractive, Council is considering allowing Councillors to join the OMERS Pension scheme. This would only benefit those eligible and anyone not already receiving an OMERS pension. To be eligible, you must be less than 71 and you cannot both contribute to a pension plan and receive from that plan simultaneously. Randy Barber is over 71 and both he and Brian Darling already receive an OMERS pension. The big benefit is that the Town will match the employee’s (councillor’s) contribution to the plan effectively increasing their income (albeit deferred) by approx. $2400 per year. It’s optional to join so Brian and Randy would likely not join since their pension would then stop…. Read complete articleA Pension for Councillors?