Common use of Benefits Plan and Pension Plan Clause in Contracts

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.