Joint Training and Education Trust Fund. Employer hereby agrees to contribute .5% (five tenths of one percent) of the collective bargaining unit's annual payroll, in each year of the Agreement, to the SEIU United Healthcare Workers West and Joint Employer Education Fund. Said contribution payments for 2021 shall be payable no later than February 28th, 2022, and shall be based on the W-2's for the prior year. Contribution payments will follow this same pattern each year. Upon said payment, covered employees will be eligible for benefits during the current calendar year. The Employer further agrees to be bound by the term of the Trust Agreement, the Plan Document, and the rules and regulations adopted by the Trustees of the Fund. The parties agree to review the Education Trust Fund usage each year, with the intention of continuing participation if such usage demonstrates that the investment in the Trust Fund continues to be beneficial to the Employer and employees.
Joint Training and Education Trust Fund. Employer hereby agrees to contribute .5% (five tenths of one percent) of the collective bargaining unit's annual payroll, in each year of the Agreement, to the SEIU United Healthcare Workers West and Joint Employer Education Fund. Said contribution payments for 2020 shall be payable no later than February 28th, 2021, and shall be based on the W-2's for the prior year. Upon said payment, covered employees will be eligible for benefits during the current calendar year. The employer further agrees to be bound by the term of the Trust Agreement, the Plan Document, and the rules and regulations adopted by the Trustees of the Fund. The parties agree to review the Education Trust Fund usage each year, with the intention of continuing participation if such usage demonstrates that the investment in the Trust Fund continues to be beneficial to the Employer and employees.
