Benefits and Pension. (a) The Company agrees to provide the “Choices” Flexible Benefit Program as described in the Company booklets or other sources, benefit plan documents and policies of insurance for all full-time and Continuous Part-time employees of all Bargaining Units. All of the benefit plans described in the Company booklets or other sources shall be as more particularly described and set forth in the respective benefit plans and policies which plans and policies shall be made available for inspection by the Union. The Company will bear 100% of the premium costs of any applicable core components of the benefits listed below, as specified in the “Choices Flexible Benefit Program” plan documents, to keep the following policies of insurance in force: Extended Health Care Plan Dental Plan Life Insurance Plan Accident Insurance Plan Long Term Disability Plan Employees are then able to use their Flexible Benefits credits, described below, to purchase additional coverage in accordance with the rules in the plan documents. Employees’ Flexible Benefit credits under the “Choices” Flexible Benefit Program will be based upon the following formulas: The flex credit formula for regular full-time employees will be 1.75% of base straight-time annual wages plus $969.00. For regular full-time employees with three or more years of continuous company service, the formula will be 3.75% of base straight-time annual wages plus $969.00. The flex credit formula for regular Continuous Part-time Employees will be 1.75% of the greater of the employee’s regularly scheduled straight-time Continuous Part-time annual earnings, or the employee’s actual base straight-time earnings in the preceding twelve calendar months (normally October 1 to September 30), plus $726.75. For regular Continuous Part-time employees with three (3) or more years of continuous company service, the formula will be 3.75% of the greater of the employee’s regularly scheduled straight-time Continuous Part- time annual earnings, or the employee’s actual base straight- time earnings in the preceding twelve calendar months (normally October 1 to September 30), plus $726.75. Effective for enrolment periods of benefit coverage during the term of the collective agreement the benefit price tags will be adjusted to reflect an 85% employer and 15% employee cost sharing percentage from the prior year’s cost. The Company agrees that there will be no changes to the “Choices” Flexible Benefit Program plan content for the duration of the Coll...
Benefits and Pension. (12.01) The Employer shall pay 80% of the monthly premiums for basic life insurance and accidental death and dismemberment insurance effective April 1, 2003, during the life of this Agreement for full-time employees. Such employees are required to participate in the insurance plans. Coverage for each plan is equal to three times basic annual earnings to a maximum of $1,000,000.
(12.02) The Globe and Mail Inc. Employees’ Retirement Plan providing a retirement program for employees now covered by this Agreement shall be continued by the Employer during the life of this Agreement. The Employer agrees to continue during the term of the Agreement payment of the Employer's matching contribution to the Canada Pension Plan without requiring reduction in The Globe and Mail Inc. Employees’ Retirement Plan.
(12.03) The Employer will continue to pay, in the same manner as and in accordance with its past practice, the following monthly benefit premiums for employees who are in receipt of long term disability payments: Group Life Insurance Plan OHIP Extended Health Care Plan Vision Care Plan Hospitalization Plan Dental Plan Accident Insurance In addition, the Employer will pay, in the same manner as and in accordance with its past practice, the regular employee pension contributions on behalf of such employees.
(12.04) Effective January 1, 2011, existing members of the defined benefit pension provisions will be given the option to 1) cease earning credited service under the defined benefit provisions and thereafter participate in the defined contribution provisions of the plan; or 2) continue earning credited service under the defined benefit provisions of the plan. No employee will join the defined benefit provisions of the plan on or after July 3, 2009. All new employees hired on or after July 3, 2009 will enroll in the defined contribution provisions of the plan, subject to the eligibility provisions of the plan. The following amendments/upgrades have been made to the Pension Plan. Base Year Upgrades: Effective January 1, 2008 – move to 2003 base year.
Benefits and Pension. 10.1 Effective May 1, 2013 the Employer will pay, in all Local Unions, Three dollars and Forty Four cents ($3.44) per hour earned by each Employee covered by this Agreement to the Ironworkers Central Welfare Fund as established by a Trust Agreement dated October 12, 1962 and as subsequently amended.
10.2 Effective May 1, 2013, the Employer will pay to the Ironworkers Ontario Pension Fund, as established by a Trust Document dated June 9, 1966 and as subsequently amended the following amounts for each hour earned by employees in each of the six Local Unions – Seven dollars and One cent ($7.01).
Benefits and Pension. 13.01 The benefits provided to PE and SOFE who are members of the Bargaining Unit will be those that were in effect April 1st, 2011 except where otherwise agreed. PENSION PLAN
13.02 The recognized Bargaining Unit Pension Plan shall be the Xxxxx University Pension Plan (XXXX).
13.03 The terms and conditions of the Xxxxx University Pension Plan shall govern.
13.04 Should it become necessary to amend the XXXX, there shall be prior notice to and discussion with the Union.
13.05 There shall be no reduction of benefits as provided in the present Plan.
13.06 The Employer shall provide to the Union a copy of the annual report on the pension plan within thirty
Benefits and Pension. The employer shall continue to pay its portion of the premiums of benefits including dental, extended health, life insurance, etc., and any other applicable benefits, except where otherwise stated. When required payroll deductions for benefit purposes shall continue to be made from the disability pay.
Benefits and Pension. 18.01 Employees are entitled to participate in a company paid benefit plan after completing the probationary period. The Employer shall pay 100% of the premiums for the following benefits: Employer Health Tax Basic dental coverage (see current Plan) Extended health care and drug coverage (see current Plan) Basic long-term disability coverage (see current Plan) Life insurance (see current Plan)
18.02 The Employer may enter into a contract or contracts with an insurer or insurers to provide all or any of the benefits described herein and upon doing so the Employer shall be relieved of any liability to any employee or dependent with respect to performance of the obligations contracted for by the insurer and the Employer may from time to time terminate, reinstate and/or substitute any such contract or contracts. No insurance company contract which may be entered into by the Employer for the purpose of providing any benefit described in this agreement shall alter, amend or detract from the provisions of this agreement. The Employer shall notify the employees of any significant changes in the benefits under the plan.
18.03 No payment or claim will be made if the employee fails to meet the requirements of the insurer with respect to proof and time limitations under regulations normally included in the policies written in Ontario.
18.04 The Employer shall have the right, and an employee claiming payment of compensation shall afford the opportunity, to conduct an examination of the employee by a physician appointed by the Employer at a mutually convenient time and as may be reasonably required, while a claim for compensation is pending.
18.05 The Employer will match the contribution of any employee making contributions to the group RRSP to a maximum of 2% of that employee’s earnings. The employee will be permitted to have deducted from his/her regular pay such amount as he/she authorizes in writing to be paid into the group RRSP. The employee will be permitted to contact the group trustee of the pension plan and any new information concerning the group RRSP will be posted on the bulletin board.
18.06 The employer will provide a vision care allowance as follows: February 1, 2008 - $100.00 February 1, 2009 - $100.00 February 1, 2010 - $100.00
Benefits and Pension. (12.01) Active members of The Globe and Mail Employees’ Retirement Plan (the Globe Plan) will cease participation in the Globe Plan as of April 30, 2021. Going forward for future service from May 1, 2021, onward, all bargaining unit members, Defined Benefit (DB) and Defined Contribution (DC), will be eligible to participate in CAAT DBplus Pension Plan at matching 5%/5% member-employer contribution rate, subject to the terms and conditions of the CAAT DBplus Pension Plan and other terms and set out in the Memorandum of Agreement dated December 15, 2020. Following the transfer of DB assets from the Globe Plan to CAAT DBplus, the Globe will wind up the Globe Plan.
(12.02) The following historical amendments/upgrades were made to the Globe and Mail Employee’s Retirement Plan and continue to apply for past DB service accrual in the Globe Plan: Effective January 1, 2008 – move to 2003 base year.
Benefits and Pension. XXXXXX 000, 000, 000, 000, 000
(x) The Employer will contribute the amounts as specified in the following schedule, for each hour earned, and for each Employee covered by this Agreement, and forward it to the Iron Workers Central Welfare Fund, as established by a Trust Agreement dated October 12, 1962, and as subsequently amended June 9, 1966. It is understood that the contributions under this Article, in regard to overtime work, shall bear the overtime premium applicable for hours earned. 700 – WINDSOR, LONDON, SARNIA $ 3.80 736 – HAMILTON $ 3.80 759 – THUNDER BAY $ 3.80 765 – OTTAWA $ 3.80 786 – SUDBURY $ 3.80
(b) The Employer will contribute the amounts as specified in the following schedule, for each hour earned, and for each Employee covered by this Agreement, and forward it to the Local 721 Xxxxxx’x Benefit Fund, as established by a Trust Agreement dated April 21, 1987. It is understood that the contributions under this Article, in regard to overtime work, shall bear the overtime premium applicable for hours earned. 721 – TORONTO $ 3.10
Benefits and Pension. LOCALS 700-Windsor; 736-Hamilton; 759-Thunder Bay; 765-Ottawa; 786-Sudbury
(a) The Employer will contribute the amounts as specified in the following schedule, for each hour earned, and for each Employee covered by this Agreement, and forward it to the Iron Workers Central Welfare Fund, as established by a Trust Agreement dated October 12, 1962, and as subsequently amended June 9, 1966. It is understood that the contributions under this Article, in regard to overtime work, shall bear the overtime premium applicable for hours earned. 700 – WINDSOR $ 3.44 700 – LONDON $ 3.44 700 – SARNIA $ 3.44 736 – HAMILTON $ 3.44 759 – THUNDER BAY $ 3.44 765 – OTTAWA $ 3.44 786 – SUDBURY $ 3.44
(b) The Employer will contribute the amounts as specified in the following schedule, for each hour earned, and for each Employee covered by this Agreement, and forward it to the Local 721 Xxxxxx’x Benefit Fund, as established by a Trust Agreement dated April 21, 1987. It is understood that the contributions under this Article, in regard to overtime work, shall bear the overtime premium applicable for hours earned. LOCAL UNION May 1, 2013 721 – Toronto $ 2.85
Benefits and Pension. 22.01 The Employer will continue to maintain the standard of benefits as of January 29 2020, (Plan # G0084949) and pension and further, will continue to pay one hundred (100) percent of the premiums for such benefits. EHC- Vision - Identified in PLAN Starting on July 1st 2020, the Employer agrees to the following adjustment which is identified in the above referenced plan; $350 per 2 calendar year(s) for prescription glasses, elective contact lenses, repairs and elective laser vision correction procedures. If contact lenses are required to treat a severe condition, or if vision in the better eye can be improved to a 20/40 level with contact lenses but not with glasses, the maximum payable will be $350 during any 2 calendar year(s).
22.02 Full-time Employees have fifty-six (56) hours sick leave paid at one hundred (100) percent of gross salary. These hours shall be taken at a minimum of one hour block, but can also be taken in half day or day blocks. Any time required beyond this time frame falls into Short Term Disability.
22.03 The Employer will continue to pay the premiums for Short Term Disability.
22.04 The Employee will continue to be responsible for the premiums for Long Term Disability.
