Employees' contributions. For all employees falling within the scope of clause 1 (1) (b) of this Agreement, save as provided for in clause 1 (2) (b) of this Agreement, every employer shall each week or each month, as the case may be, in respect of each of his weekly-paid or monthly-paid employees (hereinafter referred to as the "contributor") who have worked eight and a half ordinary hours or more during any pay week, deduct an amount equal to 6,03% of his wage: Provided that no deduction shall exceed 6,03% of the highest minimum wage as prescribed in clause 4 of Parts F, G and H of the National Main Collective Agreement of the Council, whichever is applicable: Provided further that no deductions shall be made from the wage of any employee who is 65 years of age or older.
Employees' contributions. A participating employee may contribute up to a maximum of $4,500 per calendar year, and shall contribute a minimum of $10 per week during any week in which a contribution is made. The employee’s contributions shall be on an after-tax basis, and shall be made by authorized payroll deduction. An employee shall be immediately vested in contributions made by her/him, and in the interest accumulating on these contributions.
Employees' contributions. Employees who have been identified by the Board as eligible to participate in the Plan shall be eligible to elect to defer all or a portion of his or her Compensation under the Plan. The terms of any election to defer an Employee’s Compensation must be made in accordance with Sections 3.3(b) and 3.3(c) above. Further, the timing and form of payment of such Deferred Compensation Benefit must be specified in the Agreement, subject to the provisions of Sections 3.3(d), 5.1, 5.2 and 6.1.
Employees' contributions. For the purpose of the Fund and for all employees falling within the scope of clause 1 (1) (b) of this Agreement, each employer shall deduct from the wages of each of his employees who have worked during any week or part thereof, 6,5% of the employee's basic weekly wage, as defined in this Agreement: Provided that no deduction shall be made from the wages of any contributor after retirement age, unless he has elected to defer his retirement.
