Common use of FUND PAYMENTS Clause in Contracts

FUND PAYMENTS. Effective (see schedule for the Local Unions attached), the Employer agrees to pay the sum of (see schedule) cents per hour for each hour or portion thereof worked, whether at regular or overtime rates, by all employees coming under this Collective Bargaining Agreement to the Laborers National Pension Fund (hereinafter referred to as the Pension Fund). The said Pension Fund shall be administered pursuant to the Agreement and Declaration of Trust dated July 1, 1967. A copy of this Agreement and Declaration of Trust, together with any amendments thereto, is attached to this Agreement and shall be considered a part of this Agreement. This payment of the Employer’s contributions to the Pension Fund shall be made monthly to the Trusteeship on a date and in a manner and form prescribed by the Trustees of the Pension Fund. Employees working under the terms of this Agreement, may in writing, designate that Pension contributions be sent to the home fund of the employee (money follows the man).