Common use of Changes to Defined Benefit Plan (DB Clause in Contracts

Changes to Defined Benefit Plan (DB. Effective as described below (and as further described in the DB Plan), the following changes were made to the DB to the extent allowable under applicable pension laws: 1) Ninety (90) days after ratification of the 2015-2019 Agreement, employees who are: a) hired, b) rehired (unless the employee was laid off, was an active participant in the DB at the time of the layoff, and is reinstated to a position eligible to participate in the DB within twelve (12) months of the layoff), c) transferring employment to a position covered by this Agreement from a position not eligible to participate in the DB (unless the employee was an active participant in the DB within twelve (12) months prior to the transfer, and provides written notification to Employer of employee’s transfer back in to a position covered by this Agreement within thirty (30) days of transfer), or d) who are current employees that have not entered the DB by ninety

Changes to Defined Benefit Plan (DB. Effective as described below (and as further described in the DB Plan), the following changes were made to the DB to the extent allowable under applicable pension laws: 1) Ninety (90) days after ratification of the 2015-2019 Agreement, employees who are: a) hired, b) rehired (unless the employee was laid off, was an active participant in the DB at the time of the layoff, and is reinstated to a position eligible to participate in the DB within twelve (12) months of the layoff), c) transferring employment to a position covered by this Agreement from a position not eligible to participate in the DB (unless the employee was an active participant in the DB within twelve (12) months prior to the transfer, and provides written notification to Employer of employee’s transfer back in to a position covered by this Agreement within thirty (30) days of transfer), or d) who are current employees that have not entered the DB by ninety