Alaska Laborers’ Employer Defined Benefit Retirement Fund Sample Clauses

Alaska Laborers’ Employer Defined Benefit Retirement Fund. The Employers are signatory to a Trust Agreement establishing this fund made and entered into July 1st, 1962, by and between the Union and the Associated General Contractors of Alaska, Inc The Employers will subscribe and contribute the designated amount, as per the annually published wage and fringe benefit rates sheet, per each compensable hour accredited to the Laborers in their employ to the Alaska Laborers-Employer Defined Benefit Retirement Fund.
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Alaska Laborers’ Employer Defined Benefit Retirement Fund. The Employers are signatory to a Trust Agreement establishing this fund made and entered into July 1st, 1962, by and between the Union and the Associated General Contractors of Alaska, Inc. It is understood that under the provisions thereof, the Employers contribute to the Trust Fund effective February 1, 2007 eight dollars and fifteen cents ($8.15) per each compensable hour accredited to Laborers in their employ for the purpose of Group Retirement as specified in said Trust Agreement. The said Contributions are to be computed solely on the total number of compensable hours and are not to be included in wages or in computation of overtime. Effective September 1, 2008 nine dollars and five cents ($9.05) per each compensable hour accredited to Laborers in their employ for the purpose of Group Retirement as specified in said Trust Agreement. The details of the plan will be determined by the Board of Trustees of the Alaska Laborers Employer Retirement Fund, in accordance with the Trust Agreement which created the Trust Fund. The Employer and the Union agree to be bound by said Trust Agreement and all lawful amendments thereto, and do further agree to accept as their representatives those Employer-trustees and union-trustees and who constitute the Board of Trustees of said Trust Fund and their lawful successors.
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Related to Alaska Laborers’ Employer Defined Benefit Retirement Fund

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Pre-Retirement Leave An employee scheduled to retire and to receive a superannuation allowance under the applicable Superannuation Act(s), or who has reached the mandatory retiring age, shall be entitled to:

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Special Maternity Allowance for Totally Disabled Employees (a) An employee who:

  • Post-Retirement Employment Unit members who retire from the University during the term of this Agreement may propose a post-retirement appointment of up to three years duration. During this post-retirement appointment, the total of retirement benefits and post-retirement salary paid by the University shall not exceed the salary paid at the time of retirement. The annual compensation received from the University for the post-retirement appointment shall not exceed fifty (50) percent of the annual salary at the time of retirement. The duties for a post-retirement appointment shall be defined and agreed to in writing by the bargaining unit member and the Employer/University Administration prior to the bargaining unit member's retirement. Such appointments are at the discretion of the Employer/University Administration and are subject to existing law and all rules and regulations of the State Retirement Board. The decision of the Employer/University Administration not to approve a proposal for a post-retirement appointment shall not be grievable under the Grievance and Arbitration Procedure, Article 7.

  • Retirement Fund The sum of $ 7.90, May 1, 2019 (May 1, 2020 $8.07; May 1, 2021 $ 8.24) per paid hour; ex- cept that Apprentices starting after April 30, 1997 will have this amount pro-rated in ac- cordance with their term level;

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • Post Retirement Health Care Benefit Employees who separate from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Employees who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the employee separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. An employee who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollar ($250) contribution to the MSRS Health Care Savings Plan. Employees are eligible for this benefit only once.

  • Public Employees Retirement System “PERS”) Members. For purposes of this Section 1, “employee” means an employee who is employed by the State on August 28, 2003 and who is eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

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