HomeMy WebLinkAboutBy-law 4110/92 THE CORPORATION OF THE TOWN OF PZCKER][NG
BY-LAW NUMBER 4] 10/92
Being a by-law to amend By-law Number
3801/91 to establish certain benefits
for those employees of the Corporation
of the Town of Pickering not covered
by a collective labour agreement.
WHEREAS the Council of the Corporation of the Town of Pickering
enacted By-law Number 3801/91 on August 8, lggl to establish certain
benefits for those employees of the Corporation of the Town of
Picketing not covered by a collective labour agreement; and
WHEREAS it is deemed expedient to amend this By-law to provide for
an enhanced life insurance plan;
NOW THEREFORE THE COUNCIL OF THE CORPORATION OF THE TOWN OF
PICKERING HEREBY ENACTS AS FOLLOWS:
1. By-law Number 3801/91 is hereby amended by deleting therefrom
clause 1.(1)(v) and substituting therefor the following:
(v) Life Insurance Plan to a value of twice the employee's
annual earnings to the nearest $500.00 of annual salary;
notwithstanding the above, an employee may apply for a
further sum of insurance to bring the total life insurance
to three times annual earnings to the nearest $500.00,
subject to evidence of insurability, to a maximum of
$200,000.00. The employee shall pay 100% of the premium
cost of this additional insurance.
By-law read a first, second and third time and finally passed this
19th day of October, 1992.