Common use of Establishment of a Plan Clause in Contracts

Establishment of a Plan. (a) The Employer and the Union are bound by the BC Pension Benefits Standards Act (herein referred to as PBSA) and the provisions of the Income Tax Act. (b) The Employer agrees to remain (become) a contributing Employer to the Pension Funds of the BC Target Benefit Pension Plan. The BC Target Benefit Pension Plan is a union sponsored multi-employer plan as defined by the PBSA. (c) All eligible employees covered by the agreement shall participate in the BC Target Benefit Pension Plan.

Establishment of a Plan. (a) The Employer and the Union are bound by the BC Pension Benefits Standards Act (herein referred to as PBSA) and the provisions of the Income Tax Act. (b) The Employer agrees to remain (become) a contributing Employer to the Pension Funds of the BC Target Benefit BCGEU Pension Plan. The BC Target Benefit BCGEU Pension Plan is a union Union sponsored multi-employer Employer plan as defined by the PBSA. (c) All eligible employees covered by the agreement Agreement shall participate in the BC Target Benefit BCGEU Pension Plan.