Chicago Teacher Pension Fund Sample Clauses

Chicago Teacher Pension Fund. The Employer shall abide by the Illinois Pension Code with respect to employer contributions to the Chicago Teachers’ Pension Fund (“CTPF”) for licensed teachers, paraprofessionals, and other licensed staff. Certified staff are required by state law to belong to the Public School Teacher’s Pension and Retirement Fund of Chicago (commonly called the Chicago Teachers’ Pension Fund). Certified staff contribute 2% and the Employer contributes 7% each fiscal year. Employees who are enrolled in the Chicago Teacher’s Pension Fund are eligible to enroll in the ASPIRA 401(k) or 403(b) plan, but are not eligible for the annual employer match.
Sample 1
AutoNDA by SimpleDocs
Chicago Teacher Pension Fund. The Employer shall abide by the Illinois Pension Code with respect to employer contributions to the Chicago Teachers’ Pension Fund (“CTPF”) for employee “Members" as defined by CTPF. With respect to the legally required employee contribution for licensed staff of 9% of annual salary, the Employer shall pick up for each licensed bargaining unit staff member a sum equal to 7% of the member’s salary for CTPF to be applied to the retirement account of each such employee. Members shall be responsible for the remaining 2% employee contribution or additional sum as defined by the CTPF rules, which the Employer shall make via payroll deduction.
Sample 1
Chicago Teacher Pension Fund. The Employer shall abide by the Illinois Pension Code with respect to employer contributions to the Chicago Teachers’ Pension Fund (“CTPF”) for licensed teachers, paraprofessionals, and other licensed staff. With respect to the legally required employee contribution for licensed staff of 9% of annual salary, upon ratification, and prior to the completion of the 403(b) plan change effective date, the Employer shall pick up for each licensed staff member a sum equal to 7% of the licensed member’s salary for CTPF to be applied to the retirement account of each such employee. Licensed staff shall only be responsible for the remaining 2% employee contribution, which the Employer shall make via payroll deduction. Upon contract ratification and upon completion of the 403(b) Plan Amendment effective date, with respect to the legally required employee contribution for licensed staff of 9% of annual salary, the Employer shall pick up for each licensed staff member a sum equal to 8% of the licensed member’s salary for CTPF to be applied to the retirement account of such employee. Licensed staff shall only be responsible for the remaining 1% employee contribution, which the Employer shall make via payroll deduction.
Sample 1

Related to Chicago Teacher Pension Fund

  • Pension Fund 1. The Employer shall make contributions to a pension trust fund known as the “Building Service 32BJ Pension Fund” to cover bargaining unit employees who are regularly employed twenty (20) or more hours per week, including paid time off. The Employer shall also make contributions on behalf of other bargaining unit employees to the extent that such employees work a sufficient number of hours to require benefit accrual pursuant to Section 204 of ERISA. Employees unable to work and who are on statutory short term disability benefits or workers’ compensation shall continue to accrue pension credits without employer contributions during the periods of disability up to six (6) months or the period of disability whichever is earlier.

  • Education Fund The College will allocate $15,000 into an Education Fund as set forth in Appendix “F” to this Agreement.

  • Superannuation Fund Unless, to comply with superannuation legislation, the employer is required to make the superannuation contributions provided for in Clause 24(b) to another superannuation fund that is chosen by the employee, the employer must make the superannuation contributions provided for in Clause 24(b) and pay the amount authorised under Clauses 24(d)(i) or 24(d)(ii) to one of the following superannuation funds:

  • HUMANITY FUND 44.00 The Company agrees to deduct on a weekly basis the amount of $0.01 per hour from the wages of all Employees in the bargaining unit for all hours worked and, prior to the 15th day of the month following, to pay the amount so deducted to the “Humanity Fund” and to forward such payment to United Steel Workers of America National Office, 000 Xxxxxxxx Xxxxxx Xxxx, Xxxxxxx, Xxxxxxx X0X0X0, and to advise in writing both the Humanity Fund at the aforementioned address and the local union that such payment has been made, the amount of such payment and the names of all Employees in the bargaining unit on whose behalf such payment has been made. All deductions are voluntary and may be canceled upon request.

  • xxx/OpenGovernment/LobbingAtOrangeCounty aspx A lobbying blackout period shall commence upon issuance of the solicitation until the Board selects the Contractor. For procurements that do not require Board approval, the blackout period commences upon solicitation issuance and concludes upon contract award. The County may void any contract where the County Mayor, one or more County Commissioners, or a County staff person has been lobbied in violation of the black-out period restrictions of Ordinance No. 2002-15. • Orange County Protest Procedures xxxx://xxx.xxxxxxxxxxxxxx.xxx/VendorServices/XxxxxxXxxxxxxXxxxxxxxxx.xx px Failure to file a protest with the Manager, Procurement Division by 5:00 PM on the fifth full business day after posting, shall constitute a waiver of bid protest proceedings.

  • Vacation Fund It is agreed that all employers covered by the Agreement shall subtract a sum as listed in Schedule "A" herein for any compensable hour from each employee's net paycheck (after taxes) and shall pay this to a Vacation Fund as set forth herein. (Note: These sums shall be deductions (after taxes) from the rates shown in Schedule "A"). Said contribution shall be made to xxx Xxxxxxxxxx Vacation Trust of Western Washington in the manner as set forth in this Trust Agreement of said Trust. The details of such Vacation Plan established by the Trust Fund and this Trust Fund itself shall continue to be controlled and administered by a Joint Board of Trustees composed of equal representation of labor and management who are signatories to the Trust Agreement of the aforesaid Trust Fund. Each Trustee appointed by the Union shall be a member of the Union and employed by the Union and each Management trustee shall be a salaried executive or officer of a signatory Employer, or an employee of an Employer association on behalf of its member employers.

  • Health Spending Account (HSA Wellness Spending Account (WSA)/Registered Retirement Savings Plan (RRSP) utilization rates;

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!