CANADA - The Ontario Municipal Employees Retirement System will increase its contribution rate in 2012 as part of a pre-agreed plan for yearly rate hikes in the three years to 2013.
Employer and employee contribution rates will increase by about 1% each. Contribution rates for members retiring at 65 and earning up to C$48,300 ($50,127) will hit 8.3% in 2012. The rate can vary ...
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