Common use of Defined Contribution Plan Clause in Contracts

Defined Contribution Plan. The Defined Contribution Plan covers employees who were hired subsequent to July 1, 1992. Employees covered by the Defined Contribution Plan are required to contribute, by payroll deduction, 6% of their pensionable earnings. The Authority shall contribute 7% to the member's contributions.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Defined Contribution Plan. The Defined Contribution Plan covers employees who were hired subsequent to July 1, 1992. Employees covered by the Defined Contribution Plan are required to contribute, by payroll deduction, 6% of their pensionable earnings. The Authority Employer shall contribute 7% to the member's contributions.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Defined Contribution Plan. The Defined Contribution Plan covers employees who were hired subsequent to July 1, 1992. Employees covered by the Defined Contribution Plan are required to contribute, by payroll deduction, 6% of their pensionable earnings. The Authority shall contribute 7% an equal amount to the member's contributions.

Appears in 1 contract

Samples: Collective Agreement

Defined Contribution Plan. The Defined Contribution Plan covers employees who were hired subsequent to July 1after April 1st, 19922003. Employees covered by the Defined Contribution Plan are required to contribute, by payroll deduction, 6% of their pensionable earnings. The Authority shall contribute 7% an equal amount to the member's contributions.

Appears in 1 contract

Samples: Collective Agreement

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Defined Contribution Plan. The Defined Contribution Plan covers employees who were hired subsequent to July 1, 1992. August Employees covered by the Defined Contribution Plan are required to contribute, by payroll deduction, 6% of their pensionable earnings. The Authority Airport shall contribute 7% an equal amount to the member's contributions.

Appears in 1 contract

Samples: Collective Agreement

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