Group RRSP Plan. B-3.01 The Employer agrees to administer and remit payroll deductions for employees who are eligible for the Group Benefit Plan and wish to participate in the Group Retirement Savings Plan. B-3.02 The Employer shall have the right to make arrangements for the replacement of the current group RRSP plan provider, provided that the benefit levels are maintained or improved. Under such circumstances, the Employer shall first (1st) provide the Union with advance notification in writing, detailing the specific changes that are to take place as well as the reasons for the said changes. B-3.03 Participation in the Group RRSP is open to employees with twelve (12) months of continuous employment with Epic Opportunities Inc. and is voluntary. Contributions may begin the first full pay period following their twelve (12) months of continuous employment.
Group RRSP Plan. The employer will establish a voluntary group RRSP Plan. The Employer will contribute to the plan on a basis that matches the employee’s contribution of two percent of their base bay. Employees may at the own discretion make additional voluntary unmatched contributions to the plan. Company contributions are vested immediately.
Group RRSP Plan. The Society and the employees will continue the existing group RRSP Pension Plan. The contribution to the Plan for the employee and the Society will each be 7% as follows: of gross salary to the RRSP. Commencing September 1, 2020, the contribution to the RRSP Pension Plan for employee and Society will each be 7.5%.
(a) the employee and the Society will each contribute 8.5% of gross salary, effective September 1, 2021;
(b) the employee and the Society will each contribute 9.0% of gross salary, effective September 1, 2022;
(c) the employee and the Society will each contribute 9.0% of gross salary, effective September 1, 2023;
(d) the employee will contribute 8.75% of gross salary, and the Society will contribute 9.25% of gross salary, effective September 1, 2024.
Group RRSP Plan. The Society and the employees will continue the existing group RRSP Pension Plan. The contribution to the Plan for the employee and the Society will each be 7% of gross salary to the RRSP. Commencing September 1, 2020, the contribution to the RRSP Pension Plan for employee and Society will each be 7.5%.
Group RRSP Plan. The Employer will establish a voluntary Group RRSP Plan to assist with retention and provide assistance for the future retirement of the employees. The Employer will contribute to the Group RRSP Plan on a basis that matches the employee's contribution of up to 30¢ of their covered pay (not including gratuities). Employees may at their own discretion make additional voluntary unmatched contributions to the plan. Company contributions are vested immediately.
Group RRSP Plan. 26.1 Each Permanent Full-Time Employee shall contribute to the Group Registered Retirement Plan (RRSP) upon successful completion of his/her probationary period. The Employer shall match Employee contributions to this plan at the rate of five (5) percent of paid regular wages.
26.2 Each Permanent Part-Time Employee may choose to contribute to the Group Registered Retirement Plan (RRSP) upon successful completion of his/her probationary period with matching contributions at the rate of five (5) percent of the Part-Time Employee’s paid regular hours based on the Employee’s contracted position. Upon attainment of two (2) years’ service participation shall be mandatory.
Group RRSP Plan. 15.01 The Employer shall make payment to the Registered Retirement Savings Plan program (the RRSP Plan) as established and in place at the time of ratification of this Agreement. As is more particularized below, the Employer shall make contributions to the RRSP Plan on behalf of employees who are eligible, and in the amount described herein. Employees that enjoy a greater level of contribution at the time of ratification of this Agreement shall continue to receive that contribution amount. Nothing herein shall prevent an employee from making further contributions by way of payroll deduction except as may be limited by the rules of the RRSP Plan or by any applicable law;
15.02 New employees will join the Plan beginning from the first day of employment.
15.03 Employee contributions shall be deducted from each weekly pay period. Participation in the RRSP Plan shall be subject to the terms and conditions established by the RRSP Plan manager, and as are applicable to such RRSP Plan.
15.04 The Employer agrees to deduct, by way of payroll deduction, and remit to the plan, additional voluntary employee RRSP contributions which are above and beyond those contributions outlined above. Employees must request such deductions by submitting a form provided by the Employer.
15.05 The total amount of RRSP contributions remitted by the Employer, on an employee’s behalf, cannot exceed the annual maximum money purchase outlined by the Canada Revenue Agency. The Employer has no obligation to monitor the employee’s contribution made outside the employment relationship. For greater clarity, if employees exceed the annual maximum money purchase limit as a result of contributions made outside the employment relationship, the Employer shall not be liable for any tax consequence imposed on the employee by the Canadian Revenue Agency.
15.06 The Employer shall continue RRSP contributions during a period of injury insured under provincial workplace safety insurance legislation, to the extent required by such legislation.
Group RRSP Plan. The Credit Union participates in a group RRSP plan for which the Credit Union matches contributions for employees (after one year of permanent service) up to 7% of their gross salary. The current year employer contributions amount to $68,146 (2019 - $64,065).
Group RRSP Plan. 16.1 The Employer agrees to contribute 6% of base pay (site specific) for each hour worked toward each employee’s participation in the Association Group RRSP Plan unless otherwise dictated by
16.2 The Employer’s contributions to the Group RRSP Plan shall be non-refundable, and shall be invested as directed by the employee on whose behalf the contribution was made, in accordance with the terms of the Plan.
16.3 Withdrawal of funds and payouts from the Plan shall be subject to law and the terms of the Plan.
16.4 Employees on whose behalf contributions are made to the Plan shall receive an annual statement from the Plan, mailed to their last address on record with the Plan Administrator, showing their accumulated balance to date and the amounts contributed during the year covered by the statement.
Group RRSP Plan. Full-time employees hired on or after August 1, 2015 shall be enrolled in a group RRSP Plan, upon successful completion of their probationary period. Employees shall contribute a minimum of three percent (3%) of bi-weekly earnings up to a maximum of six percent (6%) which shall be matched by the Employer. Part-time employees hired on or after August 1, 2015 will receive compensation in lieu of RRSP, as detailed in Appendix C.
