Contribution Rate. The University agrees to contribute to the new Pension Plan, as established by CUPE Local 1001, at the following rates for full-time employees and those eligible part-time employees who are members of the Plan in accordance with the formula specified in Article 22:04. It is agreed that CUPE Local 1001 and its Trustees are empowered to alter the Union's contributions.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Contribution Rate. The University agrees to contribute to the new Pension Plan, as established by CUPE Local 1001, at the following rates for full-time employees and those eligible part-time employees who are members employees:
(a) 4.2% of that portion of earnings which is subject to tax under the Plan Canada Pension Plan, and
(b) 6% of that portion of earnings in accordance with the formula specified in Article 22:04excess. It is agreed that CUPE Local 1001 and its Trustees are empowered to alter the Union's contributions.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
