Benefits Plan and Pension Plan. The Employer will make contributions for Benefits Plan and Pension Plans in such amounts and under such conditions as set forth in Schedule "A" forming part of this Agreement.
Benefits Plan and Pension Plan. The Employer will make contributions for Benefits Plan and Pension Plan in such amounts and under such conditions as are set forth in the Schedule forming part of this Agreement. Employer contributions to the Pension Plan will be pro-rated for Trainees/Apprentices based on the corresponding percentage of their classification.
Benefits Plan and Pension Plan. Effective September 1, 2004 the Employer shall make contributions at the rate of one dollar and eighty-two cents ($1.82) per hour for which wages are earned hereunder to each employee within the scope of this Agreement to the Operating Engineers' Benefits Plan. The Benefits Plan contribution shall be increased as follows: Effective September 1, 2005 $1.87 per hour Effective September 1, 2006 $1.92 per hour Effective September 1, 2007 $1.97 per hour This contribution will be based on hours earned, i.e. double time = double contributions.
Benefits Plan and Pension Plan. The Employer will make contributions for Operating Engineers Benefits Plan and Pension Plan in such amounts and under such conditions as are set forth in the Schedule forming part of this Agreement.
Benefits Plan and Pension Plan. Effective May 1, 2008 the Employer shall make contributions at the rate of two dollars ($2.00) per hour for which wages are earned hereunder to each employee within the scope of this Agreement to the Operating Engineers' Benefits Plan. The Benefits Plan contribution shall be increased as follows: Effective May 1, 2009 $2.05 per hour Effective May 1, 2010 $2.10 per hour Effective May 1, 2011 $2.15 per hour Effective May 1, 2012 $2.20 per hour This contribution will be based on hours earned, i.e. double time = double contributions. Effective May 1, 2008 the Employer shall make contributions at the rate of four dollars and ninety-five cents ($4.95) per hour for which wages are earned hereunder to each employee within the scope of this Agreement to the Operating Engineers' Pension Plan. The pension plan contribution shall be increased as follows: Effective May 1, 2009 $5.15 per hour Effective May 1, 2010 $5.35 per hour Effective May 1, 2011 $5.55 per hour Effective May 1, 2012 $5.75 per hour This contribution will be based on hours earned, i.e. double time = double contributions. The Operating Engineers' Benefits Plan and Pension Plan shall be controlled by a Board of Trustees composed of eight (8) representatives designated by the Union. The Employer agrees to be bound by the terms of the Trust Agreement. The Employer is required to report on the forms provided by the Benefits Plan and Pension Plan. Contributions must be forwarded by the Employer to the Operating Engineers' Benefits Plan and Pension Plan by the fifteenth (15th) day of the month following that which contributions cover. In the event an Employer fails to remit contributions to this Plan, in conformity with this section of the Agreement, the Union is free to take any economic action it deems necessary against such Employer, and such action shall not be considered a violation of this Agreement. The Member Representative of Local 115 may inspect, during regular business hours, an Employer's record of time worked by employees and contributions made to the Plan. Payments to the Benefits Plan and Pension Plan shall be made by cheque, payable at par at Burnaby, Province of British Columbia, to the Operating Engineers' Benefits Plan and Pension Plan. Other personnel of the Employers party to this Agreement may become Associate Members as provided for in the Trust Agreement and will be subject to the regulations as provided by the Trustees from time to time. Benefits which will be provided under this Pl...
Benefits Plan and Pension Plan. The Employer shall make contributions at the rate of two dollars and fifty cents ($2.50) per hour worked by each Employee within the scope of this Agreement to the Operating Engineers' Benefits Plan. Effective May 01, 2017, this contribution shall increase to two dollars and fifty-five cents ($2.55) per hour worked. Effective May 01, 2018, this contribution shall increase to two dollars and sixty cents ($2.60) per hour worked. Effective April 01, 2019, this contribution shall increase to two dollars and seventy cents ($2.70) per hour worked. The Employer shall make contributions at the rate of six dollars and twenty-five cents ($6.25) per hour earned by each Employee within the scope of this Agreement to the Operating Engineers' Pension Plan. The Operating Engineers' Benefits Plan and Pension Plan shall be controlled by a Board of Trustees composed of eight (8) representatives designated by the Union. The Employer agrees to be bound by the terms of the Trust Agreement. The Employer is required to report on the forms provided by the Benefits Plan and Pension Plan. Contributions must be forwarded by the Employer to the Operating Engineers' Benefits Plan and Pension Plan by the fifteenth (15th) day of the month following that which contributions cover.
Benefits Plan and Pension Plan. The Employer shall make contributions at the rate of two dollars and fifty cents ($2.50) per hour worked by each Employee within the scope of this Agreement to the Operating Engineers' Benefits Plan. Effective May 01, 2017, this contribution shall increase to two dollars and fifty-five cents ($2.55) per hour worked. Effective May 01, 2018, this contribution shall increase to two dollars and sixty cents ($2.60) per hour worked. Effective April 01, 2019, this contribution shall increase to two dollars and seventy cents ($2.70) per hour worked. The Employer shall make contributions at the rate of six dollars and fifteen cents ($6.15) per hour worked by each Employee within the scope of this Agreement to the Operating Engineers' Pension Plan. The Operating Engineers' Benefits Plan and Pension Plan shall be controlled by a Board of Trustees composed of eight (8) representatives designated by the Union. The Employer agrees to be bound by the terms of the Trust Agreement. The Employer is required to report on the forms provided by the Benefits Plan and Pension Plan. Contributions must be forwarded by the Employer to the Operating Engineers' Benefits Plan and Pension Plan by the fifteenth (15th) day of the month following that which contributions cover. In the event an Employer fails to remit contributions to this Plan, in conformity with this Section of the Agreement, the Union is free to take any economic action it deems necessary against such Employer, and such action shall not be considered a violation of this Agreement.
Benefits Plan and Pension Plan. The Employer shall make contributions at the rate of two dollars and seventy cents ($2. 70) per hour worked by each Employee within the scope of this Agreement to the Operating Engineers' Benefits Plan. The Employer shall make contributions at the rate of six dollars and fifteen cents ($6.15) per hour worked by each Employee within the scope of this Agreement to the Operating Engineers' Pension Plan. The Operating Engineers' Benefits Plan and Pension Plan shall be controlled by a Board of Trustees composed of eight (8) representatives designated by the Union. The Employer agrees to be bound by the terms of the Trust Agreement. The Employer is required to report on the forms provided by the Benefits Plan and Pension Plan. Contributions must be forwarded by the Employer to the Operating Engineers' Benefits Plan and Pension Plan by the fifteenth (15th) day of the month following that which contributions cover. In the event an Employer fails to remit contributions to this Plan, in conformity with this Section of the Agreement, the Union is free to take any economic action it deems necessary against such Employer, and such action shall not be considered a violation of this Agreement. The Business Representative of Local 115 may inspect, during regular business hours, an Employer's record of time worked by Employees and contributions made to the Plan. Payments to the Benefits Plan and Pension Plan shall be made by cheque, payable at par at Burnaby, Province of British Columbia, to the Operating Engineers' Benefits Plan and Pension Plan. Other personnel of the Employers party to this Agreement may become Associate Members as provided for in the Trust Agreement and will be subject to the regulations as provided by the Trustees from time to time. Benefits which will be provided under this Plan are as follows:
Benefits Plan and Pension Plan. The Employer will make contributions for Benefits Plan and Pension Plans in such amounts and under such conditions as set forth in Schedule "A" forming part of this Agreement. The Unions, in consultation with the administrator, board of trustees, actuary, and consultants of the Pension Plan and Benefits/Health & Welfare Plan (the “Plans”) may, in the best interest of the Plans’ participants and beneficiaries, reapportion between the Plans those contributions received from Employers in respect of the Plans, as provided for in the appendix/schedule of contributions.
Benefits Plan and Pension Plan. The Employer will make contributions for Benefits Plan and Pension Plan in such amounts and under such conditions as are set forth in the Schedule forming part of this Agreement. Employer contributions to the Pension Plan will be pro-rated for Trainees/Apprentices based on the corresponding percentage of their classification The Union in consultation with the administrator, board of trustees, actuary, and consultants of the Operating Engineers Benefits and Pension Plan (the “Plans”) may in the best interest of Plan participants and beneficiaries reapportion those contributions received as provided for in the Schedule of Employer/Employee Contributions.
