Group Retirement Plan. The Company agrees to the Group Retirement Plan as follows: The Plan will be in the form of three (3) equal units totalling two hundred and ten dollars ($210.00) per month to be deposited with a Trustee to the credit of the individual accounts under the Plan. The Company shall be responsible for and pay the cost of administering the Plan. The Company shall contribute seventy dollars ($70.00) to each member's account each month in which a member is entitled to receive pay for time worked or for a
Group Retirement Plan. 18.01 The Employer shall make contributions for each hour worked, including overtime, on behalf of the employee, who has completed 2040 hours, to a Group Registered Retirement Savings Plan (R.R.S.P.).
(a) Providing the employee does not contribute to their RRSP the company will make contributions for each hour worked, including overtime, in the amount of $1.20 per hour.
(b) Providing the employee contributes a minimum of $50.00 per month, the company will make contributions for each hour worked, including overtime, in the amount of $1.55 per hour.
(c) Providing the employee contributes a minimum of $75.00 per month, the company will make contributions for each hour worked, including overtime, in the amount of $1.80 per hour.
18.02 The Employer agrees to make payroll deductions, as requested and authorized by the employee and to direct these monies to the group R.R.S.P.
18.03 Should the employee withdraw funds from their R.R.S.P. account the company’s contribution will be reduced to the base amount noted in 18.01 for the duration of this contract.
18.04 The Employer is in no way responsible for the insurance or guarantee of any monies forwarded or otherwise invested in this Group R.R.S.P. or any other retirement investment. Once monies are directed to the plan administrator, the Employer is removed of any and all responsibility related to the administration of these funds.
Group Retirement Plan. The Company agrees to maintain for the life of this Agreement the group retirement plan for eligible year-round employees. The plan shall be set forth in a separate booklet apart from this agreement, but shall be considered a part of this Agreement. Pension Benefit Summary: 1) Monthly Benefit 08/01/02 $ 29.50 $ 25.50 $ 22.50 08/01/03 $ 30.00 $ 26.00 $ 23.00
Group Retirement Plan. The Company agrees to a retirement plan as per schedule A, with the company’s matched funds being deposited to the employees account monthly.
Group Retirement Plan. 18.01 The Employer shall make contributions for each hour worked, including overtime, on behalf of the employee, who has completed 2040 hours, to a Group Registered Retirement Savings Plan (R.R.S.P.).
(a) Providing the employee does not contribute to their RRSP the company will make contributions for each hour worked, including overtime, in the amount of:
(i) $1.10 effective May 1, 2012
(ii) $1.20 effective May 1, 2013
(b) Providing the employee contributes a minimum of $50.00 per month, the company will make contributions for each hour worked, including overtime, in the amount of:
(i) $1.40 effective May 1, 2012
(ii) $1.50 effective May 1, 2013
(iii) $1.55 effective May 1, 2014
(c) Providing the employee contributes a minimum of $75.00 per month, the company will make contributions for each hour worked, including overtime, in the amount of:
(i) $1.65 effective May 1, 2012
(ii) $1.75 effective May 1, 2013
(iii) $1.80 effective May 1, 2014
18.02 The Employer agrees to make payroll deductions, as requested and authorized by the employee and to direct these monies to the group R.R.S.P.
18.03 Should the employee withdraw funds from their R.R.S.P. account the company’s contribution will be reduced to the base amount noted in 18.01 for the duration of this contract.
18.04 The Employer is in no way responsible for the insurance or guarantee of any monies forwarded or otherwise invested in this Group R.R.S.P. or any other retirement investment. Once monies are directed to the plan administrator, the Employer is removed of any and all responsibility related to the administration of these funds.
Group Retirement Plan. .01 Each Pilot shall be eligible to participate in the Company’s standard group retirement program (hyperlink) effective as of the date of this Agreement.
.02 The retirement program shall include:
a. Matching group retirement plan (RPP); and, Tentative Agreement – Feb 6 2015 16:35
b. Voluntary pension plan (RPP); and,
c. Registered retirement savings plan (RRSP); and,
d. Spousal registered retirement savings plan (RRSP).
Group Retirement Plan. As of May the plan will be available to all employees that have worked either full seasons or full years, whichever comes first. Those employees that have worked full seasons or full years, will receive an increase in their gross earnings of and a deduction of will be taken off their pay-cheque and placed in the plan on a monthly basis. For each additional years of service, an extra contribution (see schedule below) from the company will be matched by an equal contribution until each contributes Seasons Full Years An employee may make additional contributions, but they will not be matched by the Company beyond the above guidelines. Yearly statements of principal interest accumulations will be provided for each member. Full-time seasonal employees will be included in this plan after years and years respectively. The cost of this plan will be shared equally by the Company and the employee. A deduction will come off the seasonal employee's pay at the end of the season to cover the employee's share of the premiums through the winter months. The plan will be based on the following: co-insurance on Basic Coverage. co-insurance on restoration work. Maximum benefit per individual per calendar year. No deductible.
Group Retirement Plan. Group Registered Retirement Savings Plan (GRRSP) program is available to all employees. Benecaid will match 75% of your pre-tax contribution up to a max of 3% of regular earnings (for a maximum company contribution of 2.25%). Contributions can be as much as the employee wishes; however, the employee is responsible for their calculations so as not to over contribute. Should you have eligible bonus funds available, you may be able to contribute a portion toward your GRRSP.
Group Retirement Plan. (a) Effective November 1, 1989, the Company shall make contributions to the existing Group RRSP ("the Plan") in the name of each employee.
(b) Contributions to the plan in the name of each employee shall be as follows: effective the date of ratification the Company agrees to contribute at the rate of ten percent (10%) of the employee's salary.
(c) Subject to 24.19(e) in lieu of enrollment in "the Plan", auxiliary employees shall receive an amount equal to the Company's contribution in this article. This amount shall be paid out on the employees biweekly paycheque.
(d) The instalments shall be credited monthly.
(e) From the commencement of this Collective Agreement all employees henceforth engaged as auxiliaries will not receive such an amount in (c) above until they meet requirements similar to those set out in 26.1(a). However, if an employee does not meet the requirements set out in 26.1(f) he/she will be entitled to a prorated amount for the hours actually worked within the three (3) month period.
