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HomeMy WebLinkAbout6-40 Management Staff Benefits . Cape Breton Regional Municipality Human Resource Services Policy Category: Workplace Benefits Number: 6.40 Date: June, 2001 Page: 1 Approved by Council: June 27, 2001 Reviewed: March 21, 2005 Management Staff Benefits Legislative Authority This policy derives its authority from Section 65(r) of the Municipal Government Act of the Province of Nova Scotia. 1.0 BENEFITS 1.1 Each managerial employee is eligible for inclusion in a registered pension plan and the benefit plans offered by CBRM. 1.2 Management Staff enrolled in a CBRM registered pension plan will make a contribution of 5.25% of regular earnings. CBRM will make a matching contribution to the plan. 1.3 The Benefits Program is available to all management staff. Premiums to the plan will be paid on a 60/40 basis, with CBRM contributing 60% and the employee contributing 40%, being the same sharing rate of CBRM employees. Management Staff Benefits Poliry