LIUNA Pension Sample Clauses
The LIUNA Pension clause establishes the terms under which employees participate in the Laborers' International Union of North America (LIUNA) pension plan. It typically outlines eligibility requirements, contribution rates by both employer and employee, and the process for remitting payments to the pension fund. This clause ensures that employees receive retirement benefits as part of their compensation package, providing financial security after their employment ends and clarifying the employer's obligations regarding pension contributions.
LIUNA Pension. Retroactive to May 1, 1999, the City will make a twelve cent ($.12) per hour per employee contribution to LIUNA Pension. Effective November 1, 2000, the employer contribution shall be increased an additional six cents ($.06) per hour per employee. The employer contribution shall be increased an additional six cents ($.06) per hour per employee beginning on November 1, 2001, November 1, 2002 and November 1, 2003 (the final employer contribution rate will thus be thirty-six cents ($.36) per hour on November 1, 2003). Any additional pension increases will be paid by the City in lieu of wages which would otherwise have been paid to employees. Employer contributions shall not be made for overtime hours. Such increases shall be shown as an employer contribution. Additional information is contained in Appendix A in regard to LIUNA Pension Contributions.
LIUNA Pension. Effective May 1, 2000 the City will make a twelve cent ($.12) per hour per employee contribution to LIUNA Pension. The employer contribution shall be increased an additional six cents ($.06) per year per employee effective on November 1, 2001, November 1, 2002 and November 1, 2003. The final employer contribution rate will be thirty cents ($.30) per hour per employee on November 1, 2003. Any additional pension increases will be paid by the City in lieu of wages which would otherwise have been paid to employees. Such increases shall be shown as an employer contribution. Employer contributions shall not be made for overtime hours.
LIUNA Pension. Employees hired after December 31, 2012, shall not be eligible for LIUNA Pension. For eligible employees, county shall contribute to the LIUNA Default Plan paid by employer for the duration of this Agreement or the length of the current LIUNA Rehabilitation Plan, whichever comes first. However, the parties to this Memorandum of Understanding agree to meet and confer regarding this section upon the conclusion of currently occurring discussions between LIUNA and County. The parties agree to begin meet and confer sessions in June 2019, if no resolution has been finalized in the discussions between LIUNA and County. County shall for the term of this Agreement contribute to the Pension Fund at the rate agreed upon under the default plan for each and every month or portion of a month for which an employee covered by this Agreement is paid by the Employer (including months or portions of months of paid holiday, vacation, sick leave, personal leave, other paid leave, and overtime). Contributions shall be due and paid on a monthly basis. Specifically, contributions earned during a calendar month shall be due and paid by the twentieth (20th) day of the immediately following calendar month. Unless otherwise agreed by the Pension fund, contributions shall be paid by check made payable to the “Laborers’ National (Industrial) Pension Fund” and delivered to the Pension Fund at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇.▇., ▇▇▇▇▇▇▇▇▇▇, ▇.▇. ▇▇▇▇▇ by US mail or commercial carrier. Together with each contribution payment, the Employer shall deliver to the Pension Fund such written reports as the Pension Fund may require to verify and properly credit the contributions. If acceptable to the Pension Fund, the Employer may submit its contributions electronically. The Employer shall retain the payroll records on which its contribution reports are based. The Pension Fund shall be entitled to have an independent certified public accountant audit the Employer’s records from time to time to reasonably verify the accuracy and completeness of the Employer’s contributions. Contributions to the Pension Fund are part of the compensation package that the Employer has agreed to pay the employees covered by the Agreement for their labor. In the event that the Employer fails to submit contributions and/or contribution reports as required by this Agreement, the Pension Fund shall be entitled to pursue all available legal or equitable recourse to enforce the Employer’s obligations under this Agreement, without regard...
LIUNA Pension. The City will make a twenty cent ($.20) per hour per employee contribution to LIUNA Pension. Any additional pension increases will be paid by the City in lieu of wages which would otherwise have been paid to employees. Employer contributions shall not be made for overtime hours. Such increases shall be shown as an employer contribution.
LIUNA Pension. Effective December 1, 1996, all eligible union members were enrolled in the LIUNA Pension Plan. The City will deduct $.63 per hour of regular work up to forty (40) hours per week maximum for each covered employee. This deduction will adjust based on the LIUNA Pension Rehabilitation fee agreement.