National Pension Fund. No grievance procedure, settlement or arbitration decision with respect to the obligation to contribute shall be binding upon the Trustees of the said Pension Fund.
National Pension Fund. 1. The Employer and the Union hereby agree to the continuation of the existing I.U.P.A.T. Union and Industry National Pension Fund ("National Pension Fund").
National Pension Fund. No employee deductions shall be remitted until notification of acceptance by the Trustees of the I.A.M.
National Pension Fund. The Trust is lawful and is qualified under all applicable laws and specifically, Section 302(c)(5) of the Labor Management Relations Act of 1947, as amended, and the Trust has been approved under applicable provisions of the Inter- nal Revenue Code so that all contributions by the Em- ployer to said fund will be fully deductible for federal income tax purposes. The National Pension Fund contributions shall be paid monthly up to and including the last payroll date in each and every calendar month on or before the 20th of the following month. The contributions are to be stated on forms provided by the International Association of Sheet Metal, Air, Rail and Transportation (SMART) National Pension Fund or other acceptable forms. The Employer in no way guarantees the payment of any benefits provided under the Plan or the solvency of the Fund. The Employer’s sole obligation and liability shall be limited to making monthly contributions to the Fund as herein provided. Furthermore, the Employer shall not be liable for any fund deficiency within the meaning of the Employee Retirement Income Security Act of 1974, as amended. If an Employer is required to pay any amount regardless of the nature or source (in- cluding, but not limited to, additional contributions, con- tribution surcharges, excise taxes, any amounts required under Internal Revenue Code Section 432 or any other amount) relating in any way to the National Pension Fund other than the contributions set forth in Schedules A, B and C, damages set forth under section 502(g)(2) of ERISA, or multiemployer pension plan with- drawal liability required by 29 U.S.C. Section 1001 et. seq., the package shall be reduced or reallocated so as to make the Employer whole. In the event the Pension Fund contributions remain unpaid on the 20th day of the month they are due, an additional charge of fifteen percent (15%) of the amount of the contribution due must be paid. Every Employer shall make available to the National Pension Fund any and all records of the covered em- ployees that the National Pension Fund may require in connection with the sound and efficient operation of the Pension Fund. Employers will contribute to the National Pension Fund for the Sheet Metal and Air Conditioning industry in accordance with Schedules A, B and C for each hour worked by all employees of the Employer covered by this Agreement. For the term of this Agreement, the Parties to this Agreement have adopted National Pension Fund’s First Alte...
National Pension Fund. I. This Agreement shall become effective upon its acceptance by the Trustees of the I.A.M.
National Pension Fund. J. The Employer understands that the participation in the Plan of its employees is conditioned on their participation in a defined benefit pension plan and the Employer's compliance with Sections 401(a)(4), 410(b) and 401(k) of the Internal Revenue Code. Participation in the I.A.M. National 401(k) Plan is further conditioned upon the Plan not being a top-heavy Plan under Section 416 of the Internal Revenue Code with respect to the Employer's non- bargaining unit employees.
National Pension Fund. The Employer agrees, in addition to wages contained in this Agreement, to contribute the applicable amount per hour (see wage sheet) for each hour worked on all employees covered by this Agreement, subject to change. This Addendum R, Section 1(a) relates to the Employer’s obligation to contribute to the Sheet Metal Workers’ National Pension Fund (“NPF” or “Fund”). The parties adopt the First Alternative Schedule in this Collective Bargaining Agreement (“Agreement”). The parties acknowledge receipt of the First Alternative Schedule, the Rehabilitation Plan and NPF Trust Document. This Agreement incorporates by reference the First Alternative Schedule, the Rehabilitation Plan, the Fund’s Trust Document and Plan Document. The Employer agrees to contribute consistent with the timing and amount of the Contribution Rate increases established in their Agreement and as required under the First Alternative Schedule as amended from time-to-time. The Employer will increase its NPF Contribution Rate on or before the date, and in the amounts, required in the First Alternative Schedule.
National Pension Fund. The undersigned Employer and Local Union represent that the only agreement between the said Local Union and Employer regarding pensions or retirement for employees covered by the Collective Bargaining Agreement between the Local Union and the Employer is as follows:
National Pension Fund. This Addendum relates to the Employer’s obligation to contribute to the Sheet Metal Workers’ National Pension Fund (“NPF” or “Fund”). The parties adopt the First Alternative Option in this Collective Bargaining Agreement (“Agreement”). The parties acknowledge receipt of the First Alternative Option, the Funding Improvement Plan and NPF Trust Document, and this Agreement incorporates by reference these documents. The Employer agrees to contribute consistent with the timing and amount of the Contribution Rate increases established in this Agreement and as required under the First Alternative Option as amended from time-to-time. The Employer will increase its NPF Contribution Rate on or before the date, and in the amounts, required in the First Alternative Option. (Amendment to Article 8, Section 18)
National Pension Fund. For purposes of this paragraph, withdrawal liability with respect to such multiemployer plan shall be treated as a cost.
