Industry Pension Plan Sample Clauses

Industry Pension Plan. A-6.01 Effective on the date of ratification, the Company agrees to contribute fifteen ($0.15) cents into the Canadian Commercial Workers Industry Pension Plan (“CCWIPP”) for all employees in the bargaining unit, for all hours worked or paid, including sick pay, disability benefits, vacations, and general holidays, to a maximum of the basic work week of 40 hours per week. A-6.02 Effective as soon as administratively feasible after ratification, the Company will contribute payment to a Registered Retirement Savings Plan chosen by the Union in the amount of ninety-five ($0.95) for all employees in the bargaining unit, for all hours worked or paid, including sick pay, disability benefits, vacations, and general holidays, to a maximum of the basic work week of 40 hours per week. Effective the second anniversary date of ratification of this Agreement, and every year thereafter, the Company will contribute payment to a Registered Retirement Savings Plan chosen by the Union in the amount of one ($1.00) dollar for all employees in the bargaining unit, for all hours worked or paid, including sick pay, disability benefits, vacations, and general holidays, to a maximum of the basic work week of 40 hours per week. Any contributions to the new employee RRSP plan will be held in trust by the employer from the date of ratification until such time that contributions can be submitted to the RRSP by the employer on an employee’s behalf. The employees will have the option to contribute on a voluntary basis. It will be the responsibility of the employee to submit their contributions to the RRSP through any means approved by the plan provider. The Union acknowledges that the Company shall have no responsibility for the selection of the RRSP, its administration, or the type of RRSP, Fund, or Investments which may be selected by the union. The Investment management fee will come off the RRSP rate of return. The rate of return will be determined by the employee’s selection of investment. Employees who are legally ineligible for an RRSP, due to being seventy-one (71) years of age and older, shall have the same amount of contributions as noted above deposited with RRSP pension administrator to be invested in a non-registered investment locked in and received by the Employee upon their retirement from the Company.
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Industry Pension Plan. A-6.01 Effective on the date of ratification, the Company agrees to contribute fifteen ($0.15) cents into the Canadian Commercial Workers Industry Pension Plan (“CCWIPP”) for all employees in the bargaining unit, for all hours worked or paid, including sick pay, disability benefits, vacations, and general holidays, to a maximum of the basic work week of 40 hours per week.
Sample 1Sample 2
Industry Pension Plan. Effective December the Company shall be a partici- pant in the Canadian Commercial Workers Industry Pension Plan for all employees covered by this Agreement at a contri- bution of: forty-one (41) cents per hour, and Effective December forty-seven (47) cents per hours. Also effective August and solely to retire any past service liability, a contribution in addition to one or more of the foregoing future service contributions, of per hour. The Company shall contribute in respect of hours paid for time worked and hours paid for time not worked due to sick- ness, vacations and public holidays (excluding Weekly In- demnity). The maximum number of such paid hours in a week for any employee shall be the number of hours in the basic work week pursuant to Article of this Agreement. The maximum pension benefit level under the Plan for service prior to entry into the Plan for employees of the Company shall be per month for each year of credited service with the Company prior to entry into the Plan to a maximum of twenty (20) such years of credited service. The cost of the past service benefit for the Company’s em- ployees who are members of the bargaining unit effective date of entry into the Plan of January and who were members of the Plan prior to August shall be actuarially determined as at the time of entry and at intervals of not more than three (3) years thereafter and shall be paid by the Company to the Fund, on the basis of seven (7) cents per hour paid or worked by employees. A tally of contributionsalong with a list of employees in respect of whom contributions have been made, the amount of the weekly contribution for each employee and the number of hours worked or paid to the above, shall be forwarded by the Compa- ny within the twenty-one (21) days after the close of the Compa- ny’s four (4)week accounting period. The Company shall pay interest at the rate established by the Trustees on all contributions not as stipulated above. The Company shall cease making contributions for past serv- ice benefits immediately that the past service liability is paid. Such contribution shall be retained by the Company. e Company shall sign a participation Agreement with the of the Fund and thereafter is a party to the and Declaration of Trust” establishing the Fund. Effective October the Company shall reimburse employees with five (5) years of service who have worked six hundred (600) hours in the previous calendar year for sev- enty-five percent (75%) of the cost of sin...
Sample 1
Industry Pension Plan. 20.01 The Company agrees to make available to the current Employees, the Council of Printing Industries of Canada – The Communications, Energy and Paperworkers Union, Local 100-GJoint Pension Plan. 20.02 In this Article, "Pension Agreement" means the Pension Agreement executed by representatives of the Union and the Employing Printers as of October 15, 1954 and amended and restated at January 1, 1974. "Pension Fund" means the Pension Fund established by that Pension Agreement.
Sample 1

Related to Industry Pension Plan

  • Municipal Pension Plan (a) An employer will provide the Municipal Pension Plan (MPP) to all eligible employees. (b) Employees of record on March 31, 2010, who meet the eligibility requirements of the MPP, have the option of joining or not joining the MPP. Eligible employees who initially elect not to join the MPP on April 1, 2010, have the right to join the MPP at any later date but will not be able to contribute or purchase service for the period waived. (c) All regular full-time employees hired after March 31, 2010, will be enrolled in the MPP upon completion of the earlier of their probationary period or three months and will continue in the plan as a condition of employment. Full-time hours of work are defined in the local issues agreement specific to each employer. Regular part-time employees and casual employees hired after April 1, 2010, who meet the eligibility requirements of the MPP have the right to enrol or not enrol in the MPP. Those who initially decline participation have the right to join the MPP at any later date. The MPP rules currently provide that a person who has completed two years of continuous employment with earnings from an employer of not less than 35% of the year's maximum pensionable earnings in each of two consecutive calendar years will be enrolled in the Plan. This rule will not apply when an eligible employee gives a written waiver to the Employer. (d) Employers will ensure that all new employees are informed of the options available to them under the MPP rules. (e) Eligibility and terms and conditions for the pension will be those contained in the Municipal Pension Plan and associated documents. (f) If there is a conflict between the terms of this agreement and the MPP rules, the MPP must prevail. Note: MPP contact information: Web: http:\\xxx.xxxxxxxxxx.xx Email: xxx@xxxxxxxxxx.xx Victoria Phone: 0-000-000-0000 BC Phone: 0-000-000-0000

  • No Pension Plans Neither the Company nor any current or past ERISA Affiliate has ever maintained, established, sponsored, participated in, or contributed to, any Pension Plans subject to Title IV of ERISA or Section 412 of the Code.

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Canadian Pension Plans The Loan Parties shall not (a) contribute to or assume an obligation to contribute to any Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent, or (b) acquire an interest in any Person if such Person sponsors, administers, maintains or contributes to or has any liability in respect of any Canadian Defined Benefit Plan, or at any time in the five-year period preceding such acquisition has sponsored, administered, maintained, or contributed to a Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent.

  • Pension Plan Employers and/or individuals who manage, operate, assist or own, either partially or wholly, a company or companies working non-union in the construction industry on Mainland Nova Scotia within the craft jurisdiction of xxx Xxxxxxxxxx Local 83 shall not be eligible to be appointed to serve, or to continue to serve, as trustees on any trust fund referred to within this Collective Agreement. This provision shall apply to management trustees and union trustees alike. 29.01 It is agreed that the employer shall pay into the established Pension Fund an amount per hour for each hour paid as per the wage tables in Craft Schedule “A”, “B”, “S” and Appendix “MIP”. Pension contributions shall be calculated based on the base hourly rate and vacation pay, and no premium shall affect this. For the purposes of this Article, overtime rates payable in accordance with Article 16 are not premiums. Such contributions shall be paid to the Trustees of the Pension Fund on or before the fifteenth (15th) day of the month following the month such hours were worked and shall be accompanied by a remittance report form for each employee on a form prescribed by the Trustees of the Fund. Each monthly report and contributions shall include all obligations arising from hours worked up to the preceding calendar month. 29.02 It is agreed that provisions for an increase in the Pension Plan (other than those increases listed above) will be implemented if so desired by the Local, with the employer contribution to be deducted from the wages rates contained herein, provided the employer receives sixty (60) days notice of such change. 29.03 The Pension Plan shall be professionally administered. 29.04 Neither the United Brotherhood of Carpenters and Joiners of America, Local 83, nor the Nova Scotia Construction Labour Relations Association shall incur any legal liability with regard to claims arising from the Pension Plan. 29.05 Employers bound by, or subject to the Agreement, shall be required to maintain for a two (2) year period, a complete set of employment records including: • employee’s name, address, and S.I.N. • number of hours worked by the employee in each week • employee’s wage rate and gross earnings, amount(s) and description of deductions from the employee’s wages • particulars of pay allowances or other payments or benefits to which the employee is entitled.

  • Guaranteed Pension Plans Each contribution required to be made to a Guaranteed Pension Plan, whether required to be made to avoid the incurrence of an accumulated funding deficiency, the notice or lien provisions of §302(f) of ERISA, or otherwise, has been timely made. No waiver of an accumulated funding deficiency or extension of amortization periods has been received with respect to any Guaranteed Pension Plan, and neither the Borrower nor any ERISA Affiliate is obligated to or has posted security in connection with an amendment to a Guaranteed Pension Plan pursuant to §307 of ERISA or §401(a)(29) of the Code. No liability to the PBGC (other than required insurance premiums, all of which have been paid) has been incurred by the Borrower or any ERISA Affiliate with respect to any Guaranteed Pension Plan and there has not been any ERISA Reportable Event (other than an ERISA Reportable Event as to which the requirement of 30 days notice has been waived), or any other event or condition which presents a material risk of termination of any Guaranteed Pension Plan by the PBGC. Based on the latest valuation of each Guaranteed Pension Plan (which in each case occurred within twelve months of the date of this representation), and on the actuarial methods and assumptions employed for that valuation, the aggregate benefit liabilities of all such Guaranteed Pension Plans within the meaning of §4001 of ERISA did not exceed the aggregate value of the assets of all such Guaranteed Pension Plans, disregarding for this purpose the benefit liabilities and assets of any Guaranteed Pension Plan with assets in excess of benefit liabilities.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Pension Plans Any of the following events shall occur with respect to any Pension Plan (a) the institution of any steps by the Borrower, any member of its Controlled Group or any other Person to terminate a Pension Plan if, as a result of such termination, the Borrower or any such member could be required to make a contribution to such Pension Plan, or could reasonably expect to incur a liability or obligation to such Pension Plan, in excess of $10,000,000; or (b) a contribution failure occurs with respect to any Pension Plan sufficient to give rise to a Lien under Section 302(f) of ERISA.

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time-to-time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time-to-time by the Company for the benefit of its senior executives, other than any annual cash incentive plan.

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