Fund Contributions for Apprentice Pension and School Hours Sample Clauses

Fund Contributions for Apprentice Pension and School Hours. For the period June 1, 2021 to May 31, 2024 only, unless modified, extended or renewed, thereafter, the JATC will fund 100% of apprentice pension contributions for the first, second and third year(s) of the Painters Apprenticeship Program including days on which the apprentice attends school. This provision shall be reviewed and may be subject to change in bargaining for future contracts if the JATC is unable to sustain those contributions. For third year apprentices the JATC shall fund pension and welfare contributions only for days on which the apprentices attend school. Employer shall pay welfare on all hours worked by third year apprentices other than while attending school. All other contributions on school hours to the, J.A.T.C. Fund, Industry Advancement Fund, Scholarship Fund and the Joint Cooperation Trust Fund, International Union Apprentice Fund and International Cooperation Fund contributions shall continue to be paid by Employers for all apprentice hours including those days on which the apprentice attends school unless the J.A.T.C. confirms in writing the dates and hours not attended at class by an apprentice. The contribution rate will be the rate then in effect for all Employees covered by those plans. The hours for which a contribution is due shall be eight for each day the apprentice attends school provided however, that the Apprenticeship Fund Trustees may, in their discretion, adjust (on a uniform basis) the number of hours for which they contribute to match the number of hours the Employer is obligated to contribute to the Apprenticeship Fund for each apprentice pursuant to Section 1. (a) (i) (1) of this Article. The Union agrees to allocate .60¢ per hour from its Promotional Fund contribution which is part of the Joint Cooperation Trust Fund to the total economic package. The FCA agrees that the Joint Cooperation Trust Fund monies are part of the Union's economic package and may be allocated or re-allocated by the Union in its sole discretion between wages, welfare and pension. The above re-allocation from the total economic package shall be distributed to the JATC to fund the above apprentice contributions.
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Fund Contributions for Apprentice Pension and School Hours. From June 1, 2017 through May 31, 2021, at which time this paragraph shall expire, and not be subject to renewal unless expressly agreed to extend or modify, the JATC will fund 100% of first year apprentices' pension contributions and 50% of second year apprentices' pension contributions including days on which apprentices attend school.
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