CANADA - The Association of Municipalities of Ontario (AMO) said the passage of controversial Bill 206, aimed at providing at supplemental pension benefits for OMERS members, would impose extra costs on municipal budgets and tax payers.
AMO said the Bill’s 2.33% accrual rate benefit alone would cost property tax payers C$50m a year by the time it had worked its way into collective agreements across the Province. AMO president R...
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