Contributions by the Employee. In addition to the Employer’s contribution, each year a Full Time Continuing or eligible Limited Term Employee will be required to make a contribution of three and a half percent (3.5%) of their pensionable earnings to the plan. An Employee may also decide to make voluntary contributions to the plan of one percent (1%), two percent (2%) or three percent (3%) of their pensionable earnings. Basic Pension Plan Contribution Supplemental Pension Plan Contribution Required Employee Contribution Voluntary Employee Contribution Total 7% + 0% to 2% (as elected by the Employee) + 3.5% + 0% to 3% (as elected by the Employee) = 10.5% to 15.5%
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Contributions by the Employee. In addition to the Employer’s contribution, each year a Full Time Continuing or eligible Limited Term Employee will shall be required to make a contribution of three and a half percent (3.5%) of their pensionable earnings to the plan. An Employee may also decide to make voluntary contributions to the plan of one up to five percent (1%), two percent (2%) or three percent (35%) of their pensionable earnings, in one percent (1%) increments . Basic Pension Plan Contribution Supplemental Pension Plan Contribution Required Employee Contribution Voluntary Employee Contribution Total 77.5% + 0% to 2% (as elected by the Employee) + 3.5% + 0% to 35% (as elected by the Employee) = 10.511% to 15.518%
Appears in 1 contract
Samples: Collective Agreement