Common use of Defined Contribution (DC) Pension Plan Clause in Contracts

Defined Contribution (DC) Pension Plan. All employees who become eligible to participate in the company pension plan as of or after March 1, 2012 are eligible to participate in the Defined Contribution section of the Pension Plan, subject to the terms and conditions of the Plan and the following:

Defined Contribution (DC) Pension Plan. All employees who become eligible to Employees hired on or after the date of ratification of the 2013 – 2017 Collective Agreement will participate in the company pension plan as of or after March 1, 2012 are eligible to participate in the a Defined Contribution section of the (DC) Pension Plan, subject . Employer Contributions to the terms and conditions plan will be made on the basis of the Plan and the following:six (6%) percent of gross hourly earnings.