Contribution Holidays. The University agrees that should the Retirement Plan reach full funding status during the term of the agreement it will not take contribution holidays, unless otherwise prescribed by legislation. University Pension Plan (UPP) & the Retirement Pension Plan It is recognized that discussions are underway with respect to the UPP (University Pension Plan) initiative with the objective of forming a multi-employer JSPP (Jointly Sponsored Pension Plan), within the sector. The above contribution above will be subject change should there be the ratification of a JSPP proposal by plan members including CUPE Local 3913 and the University.
Contribution Holidays. The University agrees that should the Retirement Plan reach full funding status during the term of the Agreement it will not take contribution holidays, unless otherwise prescribed by legislation. University Pension Plan (UPP) & the Retirement Pension Plan It is recognized that discussions are underway with respect to the UPP initiative with the objective of forming a multi-employer Jointly Sponsored Pension Plan (JSPP), within the sector. The above contributions will be subject to change should there be a ratification of a JSPP proposal by plan members including CUPE Local 1334 Unit 1 and the University. The language will remain in effect until the UG Conversion date at which time it will be deleted as per The LOA Related to the Union’s Consent to the Conversion to the UPP.
Contribution Holidays. The University agrees that should the Retirement Plan reach full funding status during the term of the agreement it will not take contribution holidays, unless otherwise prescribed by legislation.
Contribution Holidays. The University agrees that should the Retirement Plan reach full funding status during the term of the agreement it will not take contribution holidays, unless otherwise prescribed by legislation. University Pension Plan (UPP) & the Retirement Pension Plan It is recognized that discussions are underway with respect to the UPP (University Pension Plan) initiative with the objective of forming a multi-employer JSPP (Jointly Sponsored Pension Plan), within the sector. The above contribution above will be subject change should there be the ratification of a JSPP proposal by plan members including CUPE Local 3913 and the University. CUPE 1334 Pension Benefits During the term of this agreement, should the University reach a signed agreement with CUPE 1334 that provides for annual increases to pension payments indexed to CPI for members of CUPE 1334, the University agrees to adjust the pension benefits provided to CUPE 3913 members to match. SIGNED on February 25, 2017, at Guelph, Ontario.
Contribution Holidays. Contributions or premiums payable to the Retirement Benefit Arrangements (except the Xxxxxx Xxxxx Group Pension Scheme (UK) and the Stichting Pensioenfonds Xxxxxxxx (NL)) have been and are being paid at or above the full amount required by local law and in accordance with the governing documentation of the relevant Retirement Benefit Arrangement and are not discounted, either fully or partially due to surplus in that or any other Retirement Benefit Arrangement or otherwise. These contributions or premiums are fully reflected in the Relevant Accounts
Contribution Holidays. This Policy features contribution holidays, which allows flexibility to the Policyholder either not to pay in any Policy Year, provided the balance amount in the IPA does not fall below Rs. 1,00,000/-. In the event of the minimum required Regular Contribution not being paid for two consecutive years and the balance in the IPA falling below Rs. 1,00,000/-, the Policy shall stand terminated/foreclosed in accordance with Clause 4.8 herein below.
Contribution Holidays. The parties agree that they will jointly approach the Government of Ontario to amend the Power Corporation Act to permit the Corporation to take contribution holidays from April 1, 1998 to the earlier of the date the collective agreement expires or the date subsection 22(4) of the Power Corporation Act is repealed.
Contribution Holidays. The University agrees that should the Retirement Plan reach full funding status during the term of the agreement it will not take contribution holidays, unless otherwise prescribed by legislation. University Pension Plan (UPP) & the Retirement Pension Plan It is recognized that discussions are underway with respect to the UPP (University Pension Plan) initiative with the objective of forming a multi-employer JSPP (Jointly Sponsored Pension Plan), within the sector. The above contribution above will be subject change should there be the ratification of a JSPP proposal by plan members including CUPE Local 3913 and the University. SIGNED on August 18, 2020, at Guelph, Ontario.
Contribution Holidays
