Common use of Elective Contributions Clause in Contracts

Elective Contributions. An employee covered by this Agreement may elect to request that an Employer make elective deferral contributions to the Western Washington Pension Plan through a prospective reduction in such employee’s wages. Such elective deferral contributions shall be fully vested at all times. Applications for elective defer contributions shall be submitted to the Trust Fund in accordance with administrative procedures and election periods that are consistent with the Plan document and approved by the Trustees. Elective deferral contribution requests shall be in writing on a form approved by the Trust Fund. Upon notification by the Trust Fund to the Employer of an elective deferral contribution request, the Employer shall withhold the specified amounts from the employee’s wages unless and until notified by the employee or Trust Fund of a change in the employee’s election that was made pursuant to the Trust Fund’s administrative procedures. Notwithstanding an employee’s election, all premium rates (foremen differentials, overtime, etc.) shall be calculated prior to the reduction for the employee’s elective deferral contributions. Notwithstanding any provisions herein to the contrary, the contribution levels to the Plan provided herein shall not cause the Plan to be in violation of Section 415 of the Internal Revenue Code (and any other sections of the Code); if necessary, adjustments to the contributions rates shall be agreed to by the Union and contributing Employers to comply with the Code.

Elective Contributions. An employee Employee covered by this Agreement may elect to request that an Employer make elective deferral contributions to the Western Washington Pension Plan through a prospective reduction in such employee’s wages. Such elective deferral contributions shall be fully vested at all times. Applications for elective defer contributions shall be submitted to the Trust Fund in accordance with administrative procedures and election periods that are consistent with the Plan document and approved by the Trustees. Elective deferral contribution requests shall be in writing on a form approved by the Trust Fund. Upon notification by the Trust Fund to the Employer of an elective deferral contribution request, the Employer shall withhold the specified amounts from the employee’s wages unless and until notified by the employee or Trust Fund of a change in the employee’s election that was made pursuant to the Trust Fund’s administrative procedures. Notwithstanding an employee’s election, all premium rates (foremen differentials, overtime, etc.) shall be calculated prior to the reduction for the employee’s elective deferral contributions. Notwithstanding any provisions herein to the contrary, the contribution levels to the Plan provided herein shall not cause the Plan to be in violation of Section 415 of the Internal Revenue Code (and any other sections of the Code); if necessary, adjustments to the contributions rates shall be agreed to by the Union and contributing Employers to comply with the Code.