Common use of CONTRIBUTIONS TO RETIREMENT TRUST Clause in Contracts

CONTRIBUTIONS TO RETIREMENT TRUST. The hourly contribution rate to the Retirement Trust shall be twenty-three cents ($0.23) or the hourly contribution rate established by the State of Washington, whichever is higher, pursuant to the Individual Provider Collective Bargaining Agreement in effect at the time the hours are worked. (Hereinafter the “Retirement Rate”). If the Retirement Rate is reduced during the life of the Agreement, the parties shall re-open the Agreement solely for the purpose of renegotiating this Section 23.2. Effective July 1, 2017, the Employer shall contribute the Retirement Rate or twenty-five cents ($0.25), whichever is higher, to the Retirement Trust for each hour worked. Effective July 1, 2018, the Employer shall contribute the Retirement Rate or fifty cents ($0.50), whichever is higher, to the Retirement Trust for each hour worked. Hour(s) worked shall be defined as all hours worked by all employees covered by this Agreement in the Employer's in-home care program excluding vacation hours, paid-time off hours, and training hours.

CONTRIBUTIONS TO RETIREMENT TRUST. The hourly contribution rate to the Retirement Trust shall be twenty-three five cents ($0.230.25) or the hourly contribution rate established by the State of Washington, whichever is higher, pursuant to the Individual Provider Collective Bargaining Agreement in effect at the time the hours are worked. (Hereinafter the “Retirement Rate”). If the Retirement Rate is reduced during the life of the Agreement, the parties shall re-open the Agreement solely for the purpose of renegotiating this Section 23.2. Effective July 1, 2017, the Employer shall contribute the Retirement Rate or twenty-five cents ($0.25), whichever is higher, to the Retirement Trust for each hour worked. Effective July 1, 2018, the Employer shall contribute the Retirement Rate or fifty cents ($0.50), whichever is higher, to the Retirement Trust for each hour worked. worked Hour(s) worked shall be defined as all hours worked by all employees covered by this Agreement in the Employer's in-home care program program, excluding vacation hours, paid-time off hours, and training hours. The Employer agrees that all funds received by the Employer for retirement benefits will be provided to the Retirement Trust. Contributions required by this Section 23.2 shall be paid periodically as required by the Trust.