ALASKA TEAMSTER-EMPLOYER PENSION TRUST Sample Clauses

ALASKA TEAMSTER-EMPLOYER PENSION TRUST. 10.01 Effective each August 1 of this Agreement, the Employer shall contribute in accordance with Article 30 of the Western Region of Teamsters United Parcel Service Supplemental Agreement, (up to a maximum of two thousand eighty [2080] hours per calendar year), for each hour of com-
Sample 1Sample 2See All (8)
AutoNDA by SimpleDocs
ALASKA TEAMSTER-EMPLOYER PENSION TRUST. 24.01 The Employer shall contribute one dollar ($1.00) for each hour of compensation earned by each regular employee with six (6) or fewer years of continuous regular experience with the District in this Bargaining Unit during a given month to the Alaska Teamster-Employer Pension Trust Fund, for the purpose of providing a pension plan for the employees. For employees with more than six (6) years of continuous regular experience with the District in this Bargaining Unit, the Employer shall contribute two dollars ($2.00) for each hour of compensation earned by each regular employee during a given month to the Alaska Teamster-Employer Pension Trust Fund, for the purpose of providing a pension plan for the employees. The details of the plan will be determined by the Board of Trustees of the Alaska Teamster-Employer Pension Trust Fund, in accordance with the Trust Agreement of June 21, 1966, which created the Trust Fund. The Employer and the Union agree to be bound by said Trust Agreement and all lawful amendments thereto, and do further agree to accept as their representatives, the employer-trustees and union- trustees who constitute the Board of Trustees of said Trust Fund, and their lawful successors. 24.02 The District agrees to pay, in accordance with the Pension Protection Act, an employer supplemental contribution required due to the critical status designation of the Alaska Teamster Employer Pension Trust. The amount of supplemental contribution will be fifty-four cents ($.54) for employees up to six (6) years employment and one dollar eight cents ($1.08) for employees with six (6) or more years employment. 24.03 The contributions shall be paid to the Trust Fund for all compensable hours by the fifteenth (15th) day of the month following the month in which the employee(s) worked. The Trust Fund will furnish the transmittal forms. 24.04 The failure of the District to make the required contributions by the twentieth (20th) day of the month following the month worked may result in a collection action by the Board of Trustees; and, in such action, the District shall be obligated to pay liquidated damages, costs, and attorneys' fees as provided in the Trust Agreement. However, no such action may be commenced or damages assessed unless the Union has first contacted the Superintendent, given notice of the delinquency, and allowed a period of two (2) school days in which the delinquent funds may be remitted. 24.05 The contributions owing to the Alaska Teamster-...
Sample 1Sample 2
ALASKA TEAMSTER-EMPLOYER PENSION TRUST. 11.01 Effective each August 1 of this Agreement, the Employer shall contribute in accordance with Article 30 of the Western Region of Teamsters United Parcel Service Agreement for each hour of compensation earned by each full-time employee (up to a maximum of two thousand eighty [2080] hours per calendar year), during a given month, to the Alaska Teamster-Employer Pension Trust Fund for the purpose of providing a pension plan for the employees classi- fied as Feeder Drivers, Tractor Trailer Drivers, Package Car Drivers, and Automotive and G.S.E. Mechanics, in accor- dance with XXX # 7, Pension Rehabilitation Supplemental For Full-Time Xxxxxxxxx.xx follows: Effective: 08/01/07 08/01/08 $5.25 $5.65 For all other full-time employees, the contributions are as fol- lows: Effective: 08/01/07 08/01/08 $3.25 $3.65 The details of the plan will be determined by the Board of Trustees of the Alaska Teamster-Employer Pension Trust Fund, in accordance with the Trust Agreement. of June 21, 1966, which created the Trust Fund. The Employer and the Union agree to be bound by said Trust Agreement and all law- ful amendments thereto, and do further agree to accept as their representatives the employer-trustees and union-trustees who constitute the Board of Trustees of said Trust Fund and their lawful successors.
Sample 1Sample 2
ALASKA TEAMSTER-EMPLOYER PENSION TRUST. 11.01 Effective each August 1 of this Agreement, the Employer shall contribute in accordance with Article 30 of the Western Region of Teamsters United Parcel Service Agreement for each hour of compensation earned by each full-time employee (up to a maximum of two thousand eighty [2080] hours per calendar year), during a given month, to the Alaska Teamster-Employer Pension Trust Fund for the purpose of providing a pension plan for the employees classified as Feeder Drivers, Tractor Trailer Drivers, Package Car Drivers, and Automotive and G.S.E. Mechanics, in accordance with XXX # 4, Pension Rehabilitation Supplemental For Full-Time Employees.
Sample 1
ALASKA TEAMSTER-EMPLOYER PENSION TRUST. 11.01 Effective each August 1 of this Agreement, the Employer shall contribute in accordance with Article 30 of the Western Region of Teamsters United Parcel Service Agreement for each hour of compensation earned by each full-time employee (up to a maximum of two thousand eighty [2080] hours per calendar year), during a given month, to the Alaska Teamster-Employer Pension Trust Fund for the purpose of providing a pension plan for the employees classified as Feeder Drivers, Tractor Trailer Drivers, Package Car Drivers, and Automotive and G.S.E. Mechanics, as fol- lows:
Sample 1
ALASKA TEAMSTER-EMPLOYER PENSION TRUST. 11.01 Effective each August 1 of this Agreement, the Employer shall contribute in accordance with Article 30 of the Western Region of Teamsters United Parcel Service Agreement for each hour of com- pensation earned by each full‑time employee (up to a maximum of two thousand eighty [2080] hours per calendar year), during a given month, to the Alaska Teamster-Employer Pension Trust Fund for the purpose of providing a pension plan for the employees classified as Feeder Drivers, Tractor Trailer Drivers, Package Car Drivers, and Automotive and G.S.E. Mechanics, in accordance with XXX # 4, Pension Rehabilitation Supplemental For Full-Time Employees. 11.02 Break-in Pension Rate for Full-time Probationary Em- ployees. For Package Car Drivers, Feeder Drivers, and Tractor Trailer Drivers only, seventeen cents ($0.17) of the one dollar ($1.00) break‑in contribution rate, shall be designated to cover the twenty percent (20%) surcharge for the Rule of 85 Program, pursu- ant to Section 11.05
Sample 1
ALASKA TEAMSTER-EMPLOYER PENSION TRUST. 11.01 Effective each August 1 of this Agreement, the Employer shall contribute in accordance with Article 30 of the Western Re- gion of Teamsters United Parcel Service Agreement for each hour of compensation earned by each full-time employee (up to a maxi- mum of two thousand eighty [2080] hours per calendar year), during a given month, to the Alaska Teamster-Employer Pension Trust Fund for the purpose of providing a pension plan for the em- ployees classified as Feeder Drivers, Tractor Trailer Drivers, Pack- age Car Drivers, and Automotive and G.S.E. Mechanics, in accor- dance with XXX # 4, Pension Rehabilitation Supplemental For Full-Time Employees.
Sample 1
AutoNDA by SimpleDocs
ALASKA TEAMSTER-EMPLOYER PENSION TRUST. 11.01 Effective each August 1 of this Agreement, the Employer shall contribute in accordance with Article 30 of the Western Region of Teamsters United Parcel Service Agreement for each hour of compensation earned by each full-time employee (up to a maximum of two thousand eighty [2080] hours per calendar year), during a given month, to the Alaska Teamster-Employer Pension Trust Fund for the purpose of providing a pension plan for the employees classified as Feeder Drivers, Tractor Trailer Drivers,
Sample 1

Related to ALASKA TEAMSTER-EMPLOYER PENSION TRUST

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time-to-time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time-to-time by the Company for the benefit of its senior executives, other than any annual cash incentive plan.

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Pension Plan Employers and/or individuals who manage, operate, assist or own, either partially or wholly, a company or companies working non-union in the construction industry on Mainland Nova Scotia within the craft jurisdiction of xxx Xxxxxxxxxx Local 83 shall not be eligible to be appointed to serve, or to continue to serve, as trustees on any trust fund referred to within this Collective Agreement. This provision shall apply to management trustees and union trustees alike. 29.01 It is agreed that the employer shall pay into the established Pension Fund an amount per hour for each hour paid as per the wage tables in Craft Schedule “A”, “B”, “S” and Appendix “MIP”. Pension contributions shall be calculated based on the base hourly rate and vacation pay, and no premium shall affect this. For the purposes of this Article, overtime rates payable in accordance with Article 16 are not premiums. Such contributions shall be paid to the Trustees of the Pension Fund on or before the fifteenth (15th) day of the month following the month such hours were worked and shall be accompanied by a remittance report form for each employee on a form prescribed by the Trustees of the Fund. Each monthly report and contributions shall include all obligations arising from hours worked up to the preceding calendar month. 29.02 It is agreed that provisions for an increase in the Pension Plan (other than those increases listed above) will be implemented if so desired by the Local, with the employer contribution to be deducted from the wages rates contained herein, provided the employer receives sixty (60) days notice of such change. 29.03 The Pension Plan shall be professionally administered. 29.04 Neither the United Brotherhood of Carpenters and Joiners of America, Local 83, nor the Nova Scotia Construction Labour Relations Association shall incur any legal liability with regard to claims arising from the Pension Plan. 29.05 Employers bound by, or subject to the Agreement, shall be required to maintain for a two (2) year period, a complete set of employment records including: • employee’s name, address, and S.I.N. • number of hours worked by the employee in each week • employee’s wage rate and gross earnings, amount(s) and description of deductions from the employee’s wages • particulars of pay allowances or other payments or benefits to which the employee is entitled.

  • Regular Part-Time Employees A regular part-time employee is one who works less than full-time on a regularly scheduled basis. Regular part-time employees accumulate seniority on an hourly basis and are entitled to all benefits outlined in this Collective Agreement. Regular part-time employees shall receive the same perquisites, on a proportionate basis, as granted regular full-time employees.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • SIMPLE Individual Retirement Custodial Account (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement:

  • Participation in Retirement and Employee Benefit Plans The Employee shall be entitled to participate in all plans relating to pension, thrift, profit-sharing, group life and disability insurance, medical and dental coverage, education, cash bonuses, and other retirement or employee benefits or combinations thereof, in which the Bank's executive officers participate.

  • Regular Employees Service credit shall be the period of employment with the Company and any service restored as per Part A, Item 5.3.

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • WELFARE PLAN Section 1: The Plan Section 2: Joint Welfare Board

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!