BENEFIT FUNDS. The Contractor shall remit the amounts in the attached Wage and Benefits Schedule for each hour earned. Payments shall be made no later than the 15th of the month following the month in which the hours were earned.
BENEFIT FUNDS. 3.01 The Contractor shall remit the amounts in the attached Wage and Benefit Schedule for each hour earned. Payments shall be made no later than the 15th of the month following the month in which the hours were earned.
3.02 Each payment shall be accompanied by a statement setting out the names of the employees in respect of whom such payment is made, the amount paid in respect of each employee and the hours worked by each employee during the calendar month for which payment is being made.
3.03 Payments shall be made to the following addresses:
(a) Health and Welfare Fund
(b) Pension Fund
(c) Training and Scholarship Fund
(d) Industry Fund (RDTC)
(e) Canadian Building Trades Fund
BENEFIT FUNDS. 3.01 The Contractor shall remit the amounts in the attached Wage and Benefit Schedule for each hour earned. Payments shall be made no later than the 15th of the month following in which the hours were earned.
3.02 Each payment shall be accompanied by a statement setting out the names of the employees in respect of whom such payment is made, the amount paid in respect of each employee, and the hours worked by each employee during the calendar month for which payment is being made.
3.03 Payments shall be made as follows:
(a) Health and Welfare Fund
BENEFIT FUNDS. The contribution amounts set forth in Section 13.2 shall be replaced with the following effective January 1, 2021: Cleaner: Handyperson: Pension $2.177 $2.177 SRSP $.590 $.590 Training $.084 $.084 Legal $.082 $.082 The contribution amounts set forth in Sections 13.3 and 13.9 shall be replaced with the following effective January 1, 2021: Cleaner:
BENEFIT FUNDS. 24. Continuation of benefit funds
(1) The following funds are hereby continued –
(a) the Leave Pay Fund established under Government Notice No. R.41 of 15 January 1971;
(b) the Holiday Pay Bonus Fund established under the provisions of the Agreement published under Government Notice No. R.41 of 15 January 1971;
(c) the Sick Fund established under Government Notice No. R.1238 of 12 June 1953 and continued and renamed as the Sick and Absence Fund under Government Notice No. R.559 appearing in Government Gazette 30041 of 6 July 2007.
(2) The calculation and payment of benefit funds which includes the Leave Pay Fund, Holiday Pay Bonus Fund and the Sick and Absence Fund will no longer be linked to 252 shifts;
(3) An employer is required to pay contributions in respect to all benefit funds to the Council as prescribed. An employer is entitled to submit a claim against a portion of contributions of an employee during any specific month as a result of the employee’s unauthorised absence, as defined. Such claim must be in writing and accompanied by sufficient proof.
25. General provisions on contributions to benefit funds and claims from benefit funds
(1) In respect of contributions due in terms of the benefit funds listed in clause 24, employers must –
(a) effect payment by no later than the 20th of each month;
(b) effect payment to the National Secretary of the Council;
(c) submit to the National Secretary of the Council, by no later than the 20th day of the following month, a monthly return prescribed by the Council for this purpose.
26. General provisions on the administration of benefit funds
(1) All money paid into any of the benefit funds referred to in clause 24, must be deposited in a special bank account to be operated for and in the name of that benefit fund.
(2) Any money in a benefit fund that is not required for immediate use may be invested by the Council from time to time in terms of section 53 (5) of the Act.
(3) Income earned on invested money accrues to the Council.
(4) Any contribution paid to a benefit fund, which is not claimed or otherwise legally disposed of within five years of receipt of that contribution will be forfeited to the reserve funds of the benefit fund concerned.
(5) In respect of each benefit fund, the Council must appoint a registered auditor to –
(a) audit the accounts of the relevant benefit fund at least once a year; and
(b) prepare a statement showing all money received and expenditure incurred under all headings for the f...
BENEFIT FUNDS. 16 SEVERANCE FUND - TERMINATION OR DISMISSAL OF BENEFITS.......................21
BENEFIT FUNDS. 24. Continuation of benefit funds
(1) The following funds are hereby continued –
(a) the Leave Pay Fund established under Government Notice No. R.41 of 15 January 1971;
(b) the Holiday Pay Bonus Fund established under the provisions of the Agreement published under Government Notice No. R.41 of 15 January 1971;
(c) the Sick Fund established under Government Notice No. R.1238 of 12 June 1953 and continued and renamed as the Sick and Absence Fund under Government Notice No.
BENEFIT FUNDS. 13.1. The Employer shall make contributions into a health fund known as the “Building Service 32 BJ Health Fund,” a defined benefit fund known as the “32BJ Schools Pension Fund,” a training fund known as the “Xxxxxx Xxxxxxxx Training, Scholarship, and Safety Fund,” a legal services fund known as the “Building Service 32BJ Legal Services Fund,” and a supplemental retirement fund known as the “32BJ Supplemental Retirement and Savings Fund” (“SRSF”). The aggregate rate of contributions for all of these funds when combined with a mutually agreed upon hourly credit due to the Employer for paid vacation days, paid personal days, paid sick days, and paid holidays in excess of those required by the Prevailing Wage Schedule shall be the Supplemental Benefit Rate in the applicable Prevailing Wage Schedule promulgated by the Comptroller of the City of New York.
13.2. Beginning January 1, 2021, the Employer’s contributions to the Pension, SRSF, Legal and Training Funds shall be at the following hourly rates: Cleaner: Handyperson: Pension $2.177 $2.177 SRSP $.590 $.590 Training $.084 $.084 Legal $.082 $.082
BENEFIT FUNDS. In addition to paying wages directly to the Employees, the Employer shall pay to the Trust Funds established in Articles VI, VIII, IX, X, XI, XII, XVIII, and XIX contributions as established therein.
BENEFIT FUNDS the monies used to fund Client Benefit Payments deposited into a mutually agreed upon Custodial Account, the amount of the Benefit Fund allocated per Eligible Employee and then submitted per Enrolled Employee is determined by Client’s criteria, which will be provided to BenefitEd in writing in connection with execution of this Agreement.
