Contribution Rates. The Employer’s contribution rate to the Pension Fund shall be six and one-half percent (6 ½%) of each employee’s gross monthly earnings. The Employer shall also deduct from each eligible employee’s gross monthly earnings eight percent (8%) and remit that amount together with the Employer’s required contribution on behalf of each employee to the Pension Fund.
Contribution Rates. The Committee shall pay 75% of the cost of the plan the employee shall pay 25% of such cost.
Contribution Rates. For plan years 2016 and 2017, the University will contribute ninety-five percent (95%) of the premium costs of the coverage, and the employee will contribute five percent (5%).
Contribution Rates. 33 Eligibility............................................................................. 34
Contribution Rates. Effective on the date of this Agreement, within the limits of the total wage package contained in the attached Wage Schedule A, the Employer shall contribute to all Trust Funds and Other Funds on each employee covered under this Agreement on all hours worked and/or paid on covered work outlined in this Agreement. The Employer agrees to make all future contributions in accordance with the appropriate Wage Schedule A, which shall be subject to any rates established by Trustees or union member allocations. The Employer shall not be liable for the contributions of any other individual Employer.
Contribution Rates. The Employer's contribution rate to the Pension Funds shall be eight percent (8%) of each employee's basic (gross) monthly earnings. The Employer shall also deduct, from each eligible employee's basic (gross) monthly earnings, six and one-half percent (6½%) and remit that amount together with the Employer's required contribution on behalf of each employee to the Pension Fund. Effective September 20, 2019 (effective date of the new collective agreement), the Employer contribution rate shall be reduced by two percent (2%). The Employer contributions will be restored to the previous level with fifty percent (50%) of wage increases (The Labour Component of the Annual Price Adjustment [COLA] in the Ministry of Transportation and Infrastructure Maintenance Agreement) that come into effect after the four percent (4%) in COLA increase savings are realized.
Contribution Rates. (a) The Employer's contribution rate to the Pension fund shall be nine point five percent (9.5%) as of October 1, 2001. The Employer shall also deduct from each eligible employee's gross monthly earning five and one-half percent (5½%) and remit that amount together with the Employer's required contribution on behalf of each employee to the Pension Fund, or where entitlement is granted otherwise pursuant to this Agreement.
Contribution Rates. Employees shall contribute the following amounts toward the monthly premium for their health care coverage/program beginning with the first full month following the issuance of the conciliation award:
Contribution Rates.
(a) The Employer agrees to match employee contributions, through payroll deductions, up to a maximum contribution at the rate of 5% of gross salary; and
(b) New employees will be eligible to receive the employer contribution after the completion of two or more years of service. Gross salary means the wages paid to the employee including shift premiums and substitution pay but excluding any overtime, bonuses or profit sharing.
Contribution Rates. The month for which the contribution is due is referred to as the "benefit month" and the month immediately preceding the benefit month is referred to as the "wage month." The Company shall each and every benefit month make the following monthly contribution to the Fund on each and every eligible employee who elects benefit coverage. EFFECTIVE 11/1/2001, THE HEALTH INSURANCE PREMIUMS FOR EMPLOYEES WILL BE AS FOLLOWS: -38- EMPLOYEE ONLY COVERAGE MEMBER PLUS ONE FAMILY ------------------------------------------------------------------------------ PPO $32.00/month $ 65.00/month $ 90.00/month Plan E $85.00/month $178.00/month $234.00/month The cost sharing ratios for any increase in premiums up to the 5% cap shall be the same as the ratios effective November 1, 2001. The Employer and the Union shall have the right to confirm any increase or decrease in contribution rates occurring during the term of this Agreement. The Fund shall provide the Employer and the Union with information, including carrier reports and other source documentation, reasonably necessary to confirm such rate changes. Moreover, if requested the Fund will make a personal presentation on an annual basis of any increases or decreases in contribution rates. Any increase in total insurance premium costs in the second year which exceeds five (5%) percent over the total insurance premium costs in the first year will give the Company the option to cease participation in the USWA Health and Welfare Fund. This same option will apply if the total insurance premium costs in the third year exceed by more than five (5%) percent the total insurance premium costs from the second year and similarly if the fourth year exceeds the third year by more than five (5%) percent. If the Company opts out, the Company and the Union reserve the right to review the plan and mutually determine continuation of coverage through a plan offering comparable coverage.
