Group RRSP Program Sample Clauses

Group RRSP Program. ‌ (a) Effective January 1, 2006, employees moved from the Group RRSP Program to the Defined Benefit Pension Plan administered by the Employees Benefits Trust at Credit Union Central BC, as described in Letter of Understanding #2. As a result, the Group RRSP Program was discontinued. The Employer agrees that the Interior Savings Group RRSP Program described in ▇▇▇ #2 shall apply to full-time and part-time employees eligible for benefits under Clauses 22.1 and 22.2 of this article for the life of this agreement. (b) Employees holding funds in the Group RRSP Program that plan would have had their RRSPs grandfathered under the existing rules of the RRSP Plan, as described in Letter of Understanding #4. Further, said employees would be are permitted to transfer funds from their current staff RRSP to purchase time under the Defined Pension Plan rules. (c) Funds currently invested in the Locked-in Group RRSP with the Employer will continue to be part of the employee retirement "pension" as described in Letter of Understanding #4.
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Group RRSP Program. The Employer agrees that the Okanagan Savings Group RRSP Program in place on March 26, 1998 shall apply to full-time employees covered by this agreement for the life of this agreement, except that: (a) Part-time employees eligible for benefits as determined under Article 22.1 (d) shall be eligible to participate in the group RRSP Program (b) The waiting period for participation shall be one (1) calendar year of employment; and (c) Monthly statements will be provided The Employer shall provide a summary of the program to those employees eligible to participate in it upon enrolment. Assuming that a majority of bargaining unit members vote in favour, the Group RRSP plan will be discontinued and replaced with the Credit Union Central of British Columbia defined benefit pension plan, as described in Letter of Understanding #3. Should a majority of bargaining unit members not vote in favour, Clause 22.4 above, shall apply.
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Group RRSP Program 
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Related to Group RRSP Program

  • Orientation Program The Company will allow a designated representative of the Local or Bargaining Unit up to one (1) hour per calendar month for the purpose of conducting the Communications, Energy and Paperworkers Union New Members’ Orientation Program. Such meetings will be conducted during the probationary period of employees, and will be held on Company premises. Employees participating in Orientation Program meetings during their normally scheduled working hours will not suffer loss of pay at their regular rate. Orientation Program meetings will be scheduled by Management and a Management representative may attend as an observer.

  • Leave Donation Program Employees may donate paid leave to a fellow employee who is otherwise eligible to accrue and use sick leave and is employed by the same Agency. The intent of the leave donation program is to allow employees to voluntarily provide assistance to their co-workers who are in critical need of leave due to the serious illness or injury of the employee or a member of the employee's immediate family. The definition of immediate family as provided in rule 123:1-47-01 of the Administrative Code shall apply for the leave donation program. A. An employee may receive donated leave, up to the number of hours the employee is scheduled to work each pay period, if the employee who is to receive donated leave: 1. Or a member of the employee's immediate family has a serious illness or injury; 2. Has no accrued leave or has not been approved to receive other state-paid benefits; and 3. Has applied for any paid leave, workers' compensation, or benefits program for which the employee is eligible. Employees who have applied for these programs may use donated leave to satisfy the waiting period for such benefits where applicable, and donated leave may be used following a waiting period, if one exists, in an amount equal to the benefit provided by the program, i.e. fifty six hours (56) pay period may be utilized by an employee who has satisfied the disability waiting period and is pending approval, this is equal to the seventy percent (70%) benefit provided by disability. B. Employees may donate leave if the donating employee: 1. Voluntarily elects to donate leave and does so with the understanding that donated leave will not be returned; 2. Donates a minimum of eight hours; and 3. Retains a combined leave balance of at least eighty hours. Leave shall be donated in the same manner in which it would otherwise be used except that compensatory time is not eligible for donation. C. The leave donation program shall be administered on a pay period by pay period basis. Employees using donated leave shall be considered in active pay status and shall accrue leave and be entitled to any benefits to which they would otherwise be entitled. Leave accrued by an employee while using donated leave shall be used, if necessary, in the following pay period before additional donated leave may be received. Donated leave shall not count toward the probationary period of an employee who receives donated leave during his or her probationary period. Donated leave shall be considered sick leave, but shall never be converted into a cash benefit. D. Employees who wish to donate leave shall certify: 1. The name of the employee for whom the donated leave is intended; 2. The type of leave and number of hours to be donated; 3. That the employee will have a minimum combined leave balance of at least eighty hours; and 4. That the leave is donated voluntarily and the employee understands that the donated leave will not be returned. E. Appointing authorities shall ensure that no employees are forced to donate leave. Appointing authorities shall respect an employee's right to privacy, however appointing authorities may, with the permission of the employee who is in need of leave or a member of the employee's immediate family, inform employees of their co-worker's critical need for leave. Appointing authorities shall not directly solicit leave donations from employees. The donation of leave shall occur on a strictly voluntary basis.

  • Safety Program The Contractor shall design a specific safety program for the Work for the site(s). The Contractor shall establish and require all Subcontractors to establish reasonable safety programs. The Contractor shall also submit its standard monthly safety reports to the Owner and Design Professional. No imposition of responsibility on the Contractor for safety under this Contract shall relieve any subcontractor of its responsibility for safety of persons or property on or near the Project Site. The Contractor shall include in his plant he names of the person in charge of Safety.

  • Management Plan The Management Plan is the description and definition of the phasing, sequencing and timing of the major Individual Project activities for design, construction procurement, construction and occupancy as described in the IPPA.

  • In-Service Programs The parties to this collective agreement recognize the value of in-service education both to the employee and the Employer. A) The Employer reserves the right to identify specific in-service programs deemed compulsory. B) Employees required to attend such programs will be paid at the applicable rate of pay.