Benefit Trust Fund Contributions Sample Clauses

Benefit Trust Fund Contributions. In addition to the per hour wage rates set forth herein, the Employer will make timely reports and contributions in accordance with this Article to the Pension Fund, Welfare Fund, Annuity, Vacation Fund, the Construction Training and Advancement Foundation, PRIDE and the Local 513 Journeyman and Apprenticeship Training Fund. Penalties for liquidated damage provision in such reporting and payment are detailed in Section 16.09. Upon request of the Union, subcontractor shall furnish to the Employer notarized certification in writing that on subject job work performed by employees that would otherwise by done by members of this bargaining unit have been paid wages and fringe benefits of monetary value in the aggregate not less than those provided in this Agreement. Such certification shall be forwarded to the Union by the Employer. The Employers agree to furnish the Trustees of such Trust Funds, upon request, such information and reports as they may require in the performance of their duties under the Agreement and Declaration of Trust. The audit procedures shall be mutually agreed-upon by the Trustees and the Association. The Trustees of such Trust Funds incorporated by reference in this Agreement have the authority to audit the appropriate records, deemed necessary by the above audit procedures, of any Employer no more often than once every three (3) years on a random basis. The Trustees have the authority to audit those records of any Employer if they have evidence that such Employer is not making proper and timely contributions to said Funds at any time. Written notice by certified mail from the Trustees requesting an audit shall be given to the Employer. Except as provided herein for retirees, no employee of an Employer shall have the option to receive, instead of the benefits provided for by the Agreement and Declaration of Trust, any part of the payment of the Employer. No employee of an Employer shall have the right to assign any benefits to which he may be or becomes entitled under the Agreement and Declaration of Trust, or to receive a cash consideration in lieu of such benefits either upon termination of the Trust therein created or through severance of employment or otherwise.
AutoNDA by SimpleDocs
Benefit Trust Fund Contributions. The UUP Benefit Trust Fund (UUP-BTF) supports the dental and vision benefits and the dependant scholarship program that the UUP-BTF provides to UUP-represented employees. State contributions to the (UUP-BTF) will increase in each year of the agreement as follows: • $314.25 per employee per quarter through June 30, 2023. • $317 per employee per quarter beginning July 1, 2023 and ending June 30, 2024. • $327 per employee per quarter beginning July 1, 2024 and ending June 30, 2025. • $337 per employee per quarter beginning July 1, 2025 and continuing thereafter. JOINT LABOR MANGEMENT COMMITTEE PROGRAMS Joint Labor Management Committee Programs include funding for Individual Development Awards (IDAs), Xxxxxxxx Awards, CLEFR, and other programs. The proposed agreement significantly increases funding for these important programs beyond the ATBs. Funding for all Joint Labor Management Committee programs and benefits will increase as follows: • 2022-23 - $4,221,066 • 2023-24 - $5,847,698 • 2024-25 - $5,978,128 • 2025-26 - $6,112,472 These increases will help support expansions of our XXX and CLEFR programs. It will also allow us to add a CLEFR renewal program to provide reimbursement of costs for renewal of job-related licenses or certifications and to expand the Xxxxxxxx Leave Program. Money from JLMC funds will also go to support the professional title series review (see below). During the course of negotiations, the sides held productive discussions on revising the XXX guidelines to include a broader range of professional and research activities. We are optimistic that significantly expanded guidelines will be in place for the next round of XXX applications. Importantly, the new agreement also removes the “sunset” from JLMC funding, meaning that these important programs will continue after a contract expires. PROFESSIONAL TITLE SERIES REVIEW Professional employees have long raised concerns about the inadequacy of the SUNY Title Series (sometimes referred to as the MACCC titles) to either accurately describe the work being performed, or to offer pathways for promotion. The proposed agreement establishes two new M/C positions at SUNY System Administration devoted to reviewing and updating the professional title series. The review process ensures signifi- cant participation from UUP. Additionally, the review will consider whether it might be desirable to change the number of SL grades from the current six. We believe that this framework establishes the necessary s...

Related to Benefit Trust Fund Contributions

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

Time is Money Join Law Insider Premium to draft better contracts faster.