Common use of Contribution Holidays Clause in Contracts

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 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 PlanPlan (JSPP), within the sector. The above contribution above contributions will be subject to change should there be the a ratification of a JSPP proposal by plan members including CUPE Local 3913 1334 Unit 1 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 (University Pension Plan) initiative with the objective of forming a multi-employer JSPP (Jointly Sponsored Pension Plan), within the sector. The above contribution above contributions will be subject to change should there be the a ratification of a JSPP proposal by plan members including CUPE Local 3913 and the University.