Annuity Contribution. Effective June 5, 2017, the Annuity contribution shall be $11.90 per hour for all hours worked for all Journeymen and the same amount for all other employees below the maximum rate. This amount may be changed during the life of this Agreement through the application of monies resulting from the annual increases as provided in Article X. Apprenticeship and Training Contribution Effective June 5, 2017, the Apprenticeship contribution shall be $.85 per hour for all hours worked for each employee. This contribution is part of the negotiated wage and benefit package, and as such may be increased through the application of monies resulting from annual increases as provided in Article X, decreased if so determined by the Electrical Joint Arbitration Board and/or reallocated if not needed for the Apprenticeship program. Page left blank intentionally.
Annuity Contribution. During the Executive's employment hereunder, the Subsidiaries will contribute premiums toward the annuity plan of the Executive's choice, with an aggregate maximum contribution by the Subsidiaries of $25,000 per year.
Annuity Contribution. The Board will contribute the sum of twelve thousand dollars ($12,000) annually into an annuity plan. The annuity plan will be selected by Xx. Xxxxxxxxx subject to reasonable approval by the Board.
Annuity Contribution. The Superintendent may request the District make a monthly contribution for the Superintendent to an annuity identified by the Superintendent. At that time, the Parties will review the request to determine whether to include it in the subsequent Contract.
Annuity Contribution i. The Committee shall annually, pursuant to M.G.L. c. 71, §37B contribute an amount equal to 5% of the Superintendent’s annual salary, as set forth at Section 3(b), above, to an investment authorized under section 403(b) of the Internal Revenue Code for the benefit of the Superintendent, provided that the statutory authority remains in effect and the Superintendent chooses to retain the investment. The Superintendent may add his own contribution to the compensation paid by the Committee.
Annuity Contribution. Straight Time Time and ½ Double Time Effective Sept 5, 2016 $5.19 $7.79 $10.38 Effective Sept 5, 2017 $5.33 $8.00 $10.66 Effective Sept 3, 2018 $5.47 $8.21 $10.94 Effective Sept 2, 2019 $5.61 $8.42 $11.22 Whenever an increase in wages is granted ten percent (10%) of the increase shall be added to this fund. Decimals shall be rounded to the next higher cent.
Annuity Contribution. Each administrator shall be given an allowance of 2% of his/her annual salary deposited into a 403(b) Tax sheltered annuity (subject to approved carriers and open enrollment dates).
