FRINGE BENEFIT FUNDS. 1. The Employer acknowledges the fringe benefit funds (collectively known as the "Funds") that have been created by prior collective bargaining agreements and include the New Jersey Carpenters Funds, the New Jersey Carpenters Apprentice Training and Educational Fund, and the New Jersey Carpenters Contractors Trust.
2. Each of the Funds is managed by an equal number of Employer and Union designated Trustees in accordance with Agreement and Declarations of Trusts which govern the operation of the Funds. Any Employer party to this Agreement and not a member of the Association agrees that the Employer Trustees shall represent it on the Boards of Trustees of the Funds.
3. The Funds shall be governed by the relevant state and federal laws in a manner consistent with the purpose of remaining tax-exempt employee benefit funds as approved by the Internal Revenue Service.
4. Any Employer party to this Agreement explicitly and expressly agrees to all of the terms and conditions of the Agreements and Declarations of Trust governing the Funds and the Plans relating to each Fund as if these documents were set forth at length herein.
5. Notwithstanding the termination of this Agreement at any time in the future and pending negotiations for a new agreement, each Employer agrees to continue to pay to the respective Funds, if any Employees represented by the Union are in their employ, contributions on behalf of such Employees in an amount not less than as stipulated herein.
6. If any Employer defaults in the payment of his contributions to the Funds as stipulated herein or is in violation of the rules of collection set by the Trustees of the Funds, the Union may consider such defaults as a breach of this Agreement and may terminate this Agreement as to such defaulting Employer.
FRINGE BENEFIT FUNDS. The Employer agrees to participate in and make contributions towards the appropriate fringe benefit funds (the “Fringe Benefit Funds”) as set forth in the attached Appendices, the contents of which are hereby incorporated herein.
FRINGE BENEFIT FUNDS. All contributions and deductions to the WI Laborers’ Fringe Benefit Funds can be paid with one check payable to: WI Laborers’ Fringe Benefit Funds.
FRINGE BENEFIT FUNDS. In the event the Board of Trustees determines the necessity of an increased contribution, said Board of Trustees shall notify Local 841, and Local 841 shall in tum notify AGC of Illinois in writing of such increase not less than thirty (30) days prior to each anniversary date of this Agreement. Any increase in employer contribution shall come out of the total increase negotiated for that period, whereupon an addendum in writing describing such change(s) shall be incorporated into this Agreement. It is understood that there shall be no transfer or redistribution of wages into fringe benefits except on the anniversary dates of this Agreement and under no circumstances can monies be deducted from the basic labor rate, as such is prohibited by the Illinois Department of Labor. For purposes of this clause only, anniversary dates are April 1, 2019, April 1, 2020, and April 1, 2021.
FRINGE BENEFIT FUNDS. The Trustees of the Upstate New York Engineers Pension Fund adopted a Rehabilitation Plan on June 7, 2010. Thereafter, the Trustees of the Upstate New York Engineers Pension Fund provided to the parties the schedules adopted as part of the Rehabilitation Plan. The parties have negotiated and have adopted the schedule designated in the Rehabilitation Plan as the Preferred Schedule. That schedule is incorporated by reference into this collective bargaining agreement. Pursuant to such schedule, the parties, in addition to agreeing to the revised benefit structures set forth therein, also agree to contributions to the Upstate New York Engineers Pension Fund as provided for in this agreement, which amounts are no less than those referenced in the Preferred Schedule. Any and all additional pension fund allocations are included as part of the negotiated increases as per the appropriate appendices. A delinquency list shall be circulated on a monthly basis to the parties of this agreement.
Section 1. The Upstate New York Engineers Health Fund, Upstate New York Engineers Pension Fund, Upstate New York Engineers Training Fund, Local 106 Training and Apprenticeship Fund and the Central Pension Fund and the Administration and Safety Programs (jointly referred to as “Funds”) shall be administered pursuant to provisions of Agreements and Declarations of Trust of the respective Funds, the Collection Policy, the Mistaken Contribution Policy, and the Withdrawal Liability Policy (jointly referred to as “Policies”) established by the various Funds’ Trustees, and shall be in compliance with the requirements of State and Federal laws governing and regulating such trusts. Such Agreements and Declarations of Trust and Policies, together with any amendments to the Trusts or Policies, are hereby incorporated herein by reference as if fully set forth herein. The parties to this Collective Bargaining Agreement hereby agree that the signing of this Agreement shall constitute an obligation to be bound by the terms and conditions of said Agreements and Declarations of Trust of the Funds, the Collection Policy, the Withdrawal Policy, and the Mistaken Contribution Policy, as if said Agreements and Declarations of Trust of the Funds and Policies were fully set forth herein and made a part thereof.
Section 2. It is agreed that each Employer shall contribute the amount shown in the appropriate appendices per hour for each hour worked by Employees covered by this Agreement. See District 106 a...
FRINGE BENEFIT FUNDS. 1. For all work performed, the Employer agrees to make contributions to the Fringe Funds hereinafter described in the amounts and under the conditions set forth herein.
FRINGE BENEFIT FUNDS. In the event the Board of Trustees determines the necessity of an increased employee contribution and in the event said Board notifies its appropriate Local Union and the Employer of such determination and the effective date, said contributions shall be increased in the amount determined by the Board of Trustees. It is agreed that the Board of Trustees will notify the AGC of Indiana, Inc. (AGCI) in writing of any such increase sixty (60) days prior to taking final action on the increase. Any increase in employer contribution pursuant to this Article shall result in a corresponding decrease in the same amount in the straight time hourly rate.
FRINGE BENEFIT FUNDS. All employers bound by this Agreement consent to continue throughout its term to pay into each respective Fringe Benefit Fund the sum per hour for each hour worked by journeymen and apprentices, hereunder, as shown on the wage rate and benefit schedule in Appendix (C). All employers shall make contributions to the following Fringe Benefit Funds:
(1) Health and Welfare Fund
(2) Pension Fund
(3) Journeyman and Apprenticeship Training Fund
(4) Vacation Fund (5) 401(K) Fund
FRINGE BENEFIT FUNDS. (A) Every Employer covered by this Agreement shall contribute Employer contributions for each hour worked of all employees covered by this Agreement and employed by said Employer within the territory of this Agreement in the amounts hereinafter specified to the New York City District Council of Carpenters Welfare Fund, the New York City District Council of Carpenters Pension Fund, the New York City District Council of Carpenters Welfare Fund: Vacation Benefit, the New York City District Council of Carpenters Annuity Fund, xxx Xxxxxxxxxx International Training Fund (“CITF”), the New York City District Council of Carpenters Apprenticeship, Journeymen Retraining, Education and Industry Fund (“AJREIF”), the Supplemental Funds of the District Council (i.e., the New York City Carpenters Relief & Charity Fund and the New York City District Council of Carpenters Welfare Fund Scholarship Program), CCA Metro – Xxxxxxxxx Contractor Alliance of Metropolitan New York (“CCA Metro”), the Xxxxxxxxx Contractor Labor Management Trust Fund (Partnership for Growth) (“LMT”), and the International Standards and Training Alliance (“INSTALL”), (collectively, “Funds”). (The contribution to the LMT will be five cents ($0.05) per hour worked with two cents ($0.02) of this contribution designated to go to INSTALL. Additional portions of the five cents ($0.05) contribution can be designated to go to INSTALL in the future as needs dictate.) Each Employer's books and payroll records, including cash disbursement records, shall be made available upon demand of the Trustees at all reasonable business hours. The Employer realizes that the failure of any Employer to make the required fringe benefit fund contributions affects the liability of all Employers to this agreement and decreases the benefits available to the covered employees of the Employer. Therefore, the Employer to this Agreement shall make available to the Trustees of the various Funds, or their designated auditing representatives, all pertinent books and records, including all cash disbursement records, required for an audit to enable said auditor to ascertain and independently verify that the proper contributions hereunder have been paid and such records will be produced whenever deemed necessary by the Trustees in connection with the proper administration of their fiduciary responsibilities. In order to accomplish this end, it is specifically agreed that should any affiliate or subsidiary Employer as described in this Agreeme...
FRINGE BENEFIT FUNDS. Contemporaneously with the execution of this Trade Agreement, the parties have entered into trust agreements establishing the following trust funds:
