Contributions to Annuity Fund. During the term of this Agreement, the Union may allocate a portion of the total package to xxx Xxxxxxxxxx and Joiners Defined Contribution Plan, the Trust Agreement of which fund is hereby incorporated by reference in the event that the Union so allocates. It is the intent of the parties that this allocation by the Union shall be in conjunction with a merger of the Milwaukee Carpenters' District Council Health Fund into xxx Xxxxxxxxxx and Joiners Welfare Fund and in anticipation of a plan design feature by which contributions to xxx Xxxxxxxxxx and Joiners Welfare Fund and xxx Xxxxxxxxxx and Joiners Defined Contribution Plan are a combined remittance. The Parties to this Agreement agree that the Trustees of xxx Xxxxxxxxxx and Joiners Defined Contribution Pension Plan and xxx Xxxxxxxxxx and Joiners Welfare Fund may implement a plan design by which contributions to both aforementioned plans are combined. The combined contribution rates to xxx Xxxxxxxxxx and Joiners Defined Contribution Pension Plan and xxx Xxxxxxxxxx and Joiners Welfare Fund shall remain unchanged in the aggregate, but the contributions to each of the two respective plans may vary, in accordance with such plan design, based upon actions of the respective plan trustees.
Contributions to Annuity Fund. During the term of this Agreement, the Union may allocate a portion of the total package to xxx Xxxxxxxxxx and Joiners Defined Contribution Plan, the Trust Agreement of which fund is hereby incorporated by reference in the event that the Union so allocates. It is the intent of the parties that this allocation by the Union shall be in conjunction with a merger of the Milwaukee Carpenters’ District Council Health Fund into xxx Xxxxxxxxxx and Joiners Welfare Fund and in anticipation of a plan design feature by which contributions to xxx Xxxxxxxxxx and Joiners Welfare Fund and xxx Xxxxxxxxxx and Joiners Defined Contribution Plan are a combined remittance. If the same plan design can be accomplished using the MUIAR fund, the parties agree to allow the annual election of individual allocation to be administered by the third-party administrator/ central depository.
Contributions to Annuity Fund. During the term of this Agreement, the Union may allocate a portion of the total package to xxx Xxxxxxxxxx and Joiners Defined Contribution Plan or MUIAR Fund, the Trust Agreement of which fund is hereby incorporated by reference in the event that the Union so allocates. It is the intent of the parties that this allocation by the Union shall be in conjunction with a merger of the Milwaukee Carpenters' District Council Health Fund into xxx Xxxxxxxxxx and Joiners Welfare Fund and in anticipation of a plan design feature by which contributions to xxx Xxxxxxxxxx and Joiners Welfare Fund and xxx Xxxxxxxxxx and Joiners Defined Contribution Plan or MUIAR Fund are a combined remittance.
