BENEFIT AND PENSION PLANS. 19.01 The Employer shall continue providing the group benefit plans provided to Employees at the date of signing this Agreement. The Employer and the Employee shall be bound by the provisions of these plans in accordance with the provisions of the applicable plan text as amended from time to time.
19.02 The rights of eligible Employees in respect of insurance coverage and the settlement of all claims arising out of such coverage shall be in accordance with the terms and conditions of such insurance plans, and all disputes concerning the same shall be pursued and resolved between PCAM and/or Employee and the insurance carrier pursuant to adjudication and/or dispute resolution mechanisms contained in such policies, and/or the Courts, if applicable, rather than through the grievance and arbitration procedure set forth in this Agreement.
19.03 The parties agree to continue to participate in the existing Group Dental Plan and the current cost shared arrangements for the life of this Agreement.
19.04 The Employer agrees to participate in the HEB Disability and Rehabilitation (D&R) Plan. The Employer will pay the D&R premium to a maximum of 2.3% of base salary.
19.05 The parties agree that income protection credits and Workers Compensation benefits will be used where applicable, to offset the elimination period. Once the elimination period has been exhausted, and subject to the approval of the Employees’ application for D&R benefits by the insurer, the Employee may commence drawing disability benefits. It is understood that the elimination period for the D&R Plan is one hundred and nineteen (119) calendar days. An Employee may claim income protection benefits for the period of time not to exceed this elimination period and payment of accrued income protection within the elimination period represents the maximum amount of income protection available to the Employee regardless of the dispensation of the D&R application or the status of the D&R application on the 120th calendar day. An Employee may not utilize income protection contiguous to the date of termination of D&R coverage.
19.06 Every eligible Employee shall participate in the HealthCare Employees Pension Plan. Enrollment, contributions and benefits shall be in accordance with the provisions of the Plan.
BENEFIT AND PENSION PLANS. 6.01 Effective May 1, 2022, Employers shall contribute in total Twelve Dollars and Thirty- Eight Cents ($12.38) per hour earned to the International Union of Operating Engineers, Local 793 Members Life and Health Benefit Trust of Ontario (the "Health Plan") and to the International Union of Operating Engineers, Local 793 Members Pension Benefit Trust of Ontario (the "Pension Plan") for each hour earned by each employee in their employ. Effective May 1, 2023, Employers shall contribute in total Twelve Dollars and Thirty- Eight Cents ($12.38) per hour. Effective May 1, 2024, Employers shall contribute in total Twelve Dollars and Forty-Eight Cents ($12.48) per hour. SCHEDULE “F” This is Schedule “F” to a Collective Agreement between the Utility Contractors’ Association of Ontario Incorporated and the International Union of Operating Engineers, Local 793. This Schedule applies to work performed in the following OLRB Geographic Area(s): OLRB Area No. 2 – The County of Lambton All terms and conditions of the Master Portion apply unless specifically modified by the terms and conditions of this Schedule.
BENEFIT AND PENSION PLANS. 11.01 Except as provided in Article XIII the Benefit and Pension Plans listed below shall be available to employees covered in this Agreement. Any proposed changes in coverage or costs to members of the Union will be discussed with the Union and will only be made with the approval of the Union:
(1) Group Life Insurance
(2) Short and Long Term Disability Insurance
(3) Retirement Plan
(4) Savings Plan
(5) Student Scholarship/Grant Program
(6) Dental Plan
(7) Medicare and Extended Health The conditions, rules and regulations of such Benefit and Pension Plans as established by the Company shall determine all questions arising thereunder. The Company shall make detailed information covering the provisions of such Benefit and Pension Plans available to the employees. The Union shall be entitled to copies of the master insurance company policies. The Company will provide a yearly pension plan statement to each regular or part-time employee and ensure benefit plan statements are readily available to employees from insurer’s website.
11.02 Group Life Insurance Employees are eligible for enrolment on date of hire. Participation in the basic plan is compulsory for all employees. Benefits payable are as follows:
BENEFIT AND PENSION PLANS. Section 10.1 Subject to the terms of this Article 10, the Employer shall make available to all eligible St. Xxxx Park Refinery bargaining unit employees the following benefits on the same terms and conditions generally applicable to eligible St. Xxxx Park Refinery non‐bargaining unit employees: 401(k) Cash Balance Pension Plan Long Term Disability Life Insurance Accidental Death and Dismemberment Health Plan Dental Plan Employee Assistance Program Wellness Program Vision Plan MetLife Home & Auto Health Care & Child Care Reimbursement Account Educational Reimbursement Long Term Care Plan Sick Benefit Plan Military Leave of Absence Plan Retiree Medical Plan Adoption Assistance Critical Illness Group Legal Occupational Accidental Death Plan
Section 10.2 Without limiting in any manner the rights or privileges of the Employer to modify or discontinue the above plan or plans, the Employer agrees to give the Union at least thirty (30) days written notice prior to the effective date of any modification or discontinuance of any such plan or plans, during which period of time the Union may request a meeting with the Employer to discuss the effect of such modification or discontinuance insofar as the same shall apply to employees within the bargaining unit. It is agreed that no dispute, grievance or question arising in connection with such plans or in connection with this section shall be subject to the grievance and arbitration procedure of this agreement. There shall be no strikes or stoppages of work by the Union or lockouts by the Employer because of any matter covered by this section, while it is in effect.
Section 10.3 Eligibility to participate in the above Benefit Plans, unless otherwise noted will be effective as administratively practical.
BENEFIT AND PENSION PLANS. The Company shall comply with all Applicable Laws in respect of its employees' benefit and pension plans, including, but not limited to, payment of all contributions and premiums to be paid thereunder, and it shall ensure that all premiums and payments relating to employee benefits and pensions are paid as due.
BENEFIT AND PENSION PLANS. 11.01 Except as provided in Article XIII the Benefit and Pension Plans listed below shall be available to employees covered in this Agreement. Any proposed changes in coverage or costs to members of the Union will be discussed with the Union and will only be made with the approval of the Union:
(1) Group Life Insurance
(2) Short and Long Term Disability Insurance
(3) Retirement Plan
(4) Savings Plan
(5) Student Scholarship/Grant Program
(6) Dental Plan
(7) Medicare and Extended Health The conditions, rules and regulations of such Benefit and Pension Plans as established by the Company shall determine all questions arising thereunder. The Company shall make detailed information covering the provisions of such Benefit and Pension Plans available to the employees. The Union shall be entitled to copies of the master insurance company policies. The Company will prepare and distribute a yearly summary of all benefit and pension plan entitlements for each regular or part-time employee.
11.02 Group Life Insurance Employees are eligible for enrolment on date of hire. Participation in the basic plan is compulsory for all employees. Benefits payable are as follows:
(a) Basic Plan: - Two x basic annual salary rounded to the next higher $1000; - The Company pays the full premium cost.
(b) Optional Life Plan: Employees may purchase additional life insurance equal to one hun- dred percent (100%), two hundred percent (200%), three hundred per- cent (300%) or four hundred percent (400%) of basic annual salary. The employees pay the full premium cost.
(c) Optional Accidental Death & Dismemberment Plan: Employees can purchase optional A.D. & D. insurance in multiples of $10,000 up to a maximum of $250,000. Employees may choose to include family members in the A.D. & D. plan with the following coverage: - if there are no dependent children, the spouse will be insured for fifty percent (50%) of the employee’s coverage; - if there are dependent children, the spouse will be insured for forty (40%) and each child for five percent (5%) each of the employee’s coverage; - if there is no spouse, each child will be insured for fifteen (15%) of the employee’s coverage. The employee pays the full premium cost.
BENEFIT AND PENSION PLANS. (a) For Board Areas 8 & 9, Eleven Dollars and Twenty-One Cents ($11.21) per hour to the International Union of Operating Engineers, Local 793 Members Life and Health Benefit Trust of Ontario (the “Health Plan”) and to the International Union of Operating Engineers, Local 793 Members Pension Benefit Trust of Ontario (the “Pension Plan”) for each hour earned by each employee in his employ. It is agreed that Employers shall make a single monthly payment to an independent administrator appointed by the Trustees of the Health Plan and the Pension Plan for contributions owing to the two plans. The administrator shall be responsible for ensuring that the contributions are allocated and made on behalf of each Employer and employee to the Health Plan and the Pension Plan, as set out in Schedule “B”. Effective May 1st, 2014, the total Employer contributions of Eleven Dollars and Twenty-One Cents ($11.21) per hour shall increase to Eleven Dollars and Fifty-Five Cents ($11.55) per hour. Effective May 1st, 2015, the total Employer contributions of Eleven Dollars and Fifty-Five Cents ($11.55) per hour shall increase to Eleven Dollars and Eighty-Eight Cents ($11.88) per hour.
(b) For Simcoe County, Ten Dollars and Fifty Cents ($10.50) per hour to the International Union of Operating Engineers, Local 793 Members Life and Health Benefit Trust of Ontario (the “Health Plan”) and to the International Union of Operating Engineers, Local 793 Members Pension Benefit Trust of Ontario (the “Pension Plan”) for each hour earned by each employee in his employ. Effective May 1st, 2014, the total Employer contributions of Ten Dollars and Fifty Cents ($10.50) per hour shall increase to Ten Dollars and Eighty Cents ($10.80) per hour. Effective May 1st, 2015, the total Employer contributions of Ten Dollars and Eighty Cents ($10.80) per hour shall increase to Eleven Dollars and Twelve Cents ($11.12) per hour.
8.02 The allocation of the contributions specified under the terms of Article 9.1 above between the I.U.O.E. Local 793 Members Life and Health Benefit Trust of Ontario shall be mutually agreed by the Health and Pension Trustees, and shall be distributed by an independent administrator appointed by mutual agreement of the Health and Pension Trustees.
8.03 These monies shall be remitted in accordance with this Agreement to the Benefit Trust Fund and Pension Trust Fund which Funds shall be administered by an equal number of Trustees appointed by the Union and an equal number of Trustees ...
BENEFIT AND PENSION PLANS. For each existing Canadian Pension Plan, Cdn. Borrower and each Canadian Subsidiary shall ensure that such plan retains its registered status under and is administered in a timely manner in all respects in accordance with the applicable pension plan text, funding agreement, the ITA and all other applicable laws. For each Canadian Pension Plan hereafter adopted or contributed to by Cdn. Borrower or any Canadian Subsidiary which is required to be registered under the ITA or any other applicable laws, Cdn. Borrower and such Canadian Subsidiary shall use their respective best efforts to seek and receive confirmation in writing from the applicable regulatory authorities to the effect that such plan is unconditionally registered under the ITA and such other applicable laws. For each existing Canadian Pension Plan and Canadian Benefit Plan hereafter adopted or contributed to by Cdn. Borrower or any Canadian Subsidiary, Cdn. Borrower and such Canadian Subsidiary shall in a timely fashion perform in all material respects all obligations (including fiduciary, funding, investment and administration obligations) required to be performed in connection with such plan and the funding therefor.
BENEFIT AND PENSION PLANS. Benefit and pension plans are set out in Schedule "B" attached to this agreement.
BENEFIT AND PENSION PLANS. The US Borrower shall deliver to the Administrative Agent, if requested by the Administrative Agent, acting reasonably, promptly after the filing thereof with any applicable Governmental Authority, copies of any annual and other return, report or valuation with respect to each pension or benefit plan of, or for the benefit of any employees of, the US Borrower or any of its Subsidiaries prepared by them or at their direction, and promptly after receipt thereof, a copy of any direction, notice or other communication in respect of any breach of any Requirement of Law, which would have the effect of increasing in any material respect for the US Borrower and its Subsidiaries taken as a whole the funding obligation in respect of any such plan, or which could reasonably be expected to result in the imposition of any Lien on any of the properties or assets of the US Borrower or any of its Subsidiaries, and any order or ruling that it may receive from any applicable Governmental Authority with respect to any such plan.
