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National Pension Plan Sample Clauses

National Pension Plan. The Company shall contribute to the I.A.M. National Pension Fund, National Pension Plan for each day/hour or portion thereof to a maximum of forty (40) hours per work week for which employees in all job classifications covered by this Agreement are entitled to receive pay under this Agreement as follows:
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National Pension Plan. This Article VI 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. 1. For the duration of this Agreement and any renewals or extensions thereof, the Employer will contribute to the NPF the negotiated rate per this Agreement and as required by the First Alternative Schedule in effect at the time the increases are due and the Trust Document, for each hour or part of an hour for which an Employee covered by this Agreement receives the basic hourly wage rate. Contributions for those hours for which wages are paid at time and one-half or double time wage rates will be made to the Fund at one and one-half (1 ½) or two (2) times the hourly NPF Contribution Rate respectively, unless this Agreement does not require the contributions for any other fund to be increased at one and one-half or two times the hourly contribution rate respectively, for such hours. The Employer shall contribute for hours for which payment is due to the employees under this Agreement such as vacation time, sickness, absences, and school, unless no funds for which cents-per-hour contributions are due under this Agreement require payment for hours for which a Covered Employee is paid but does not perform services. 2. Contributions shall be paid starting with the employee’s first day of Covered Employment (as defined in the Plan Document). 3. All contributions shall be made at such time and in such manner, as the Trustees require. Employers shall submit a remittance report and the required contributions to the Fund Office no later than the twentieth (20th) of the month following the month when Covered Employment was performed. Employers should report and contribute via the Fund’s on-line reporting and remittance syst...
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National Pension Plan. Section 1. Commencing with the first day of July, 1989, and for the duration of the current Collective Bargaining Agreement between the said parties, and any renewal or extensions thereof, the Employer agrees to make payments to the Sheet Metal Workers' National Pension Fund for each employee covered by the said Collective Bargaining Agreement, according to the Standard Form of Participation Agreement which has been duly executed and is attached, and made a part thereof as if set forth herein verbatim.
Sample 1
National Pension Plan. 1. Employers signatory to this Agreement will make contributions to the Sheet Metal Workers' National Pension Plan in the manner established presently and in the manner as may be changed from time to time by the Trustees of the Sheet Metal Workers' National Pension Plan. 2. The "bulletin board" copy (or one of the local fringe benefit copies) of the transmittal form will be posted on the bulletin board at the shop or office of the employer for inspection by all employees of the employer covered by this Agreement. 3. Said contributions will be made on behalf of all journeymen, apprentices, tradesmen and senior tradesmen covered by this Agreement for all hours and/or partial hours of employment for which pay is due in accordance with the provisions established in the plan, "Standard Form of Participation Agreement" and the "Agreement and Declaration of Trust" for the plan. 4. The contribution rates are to be in accordance with the schedule established in Article I of the Addenda to the Standard Form of Union Agreement. 5. The "Standard Form of Participation Agreement," (Plan A) and the "Agreement and Declaration of Trust" established by the Sheet Metal Workers' National Pension Fund, and all amendments thereto during the term hereof will become binding on all parties bound by this Agreement. In this connection both said Agreements will be deemed incorporated herein by reference the same as if they were expressly set forth. 6. In the event the cost of benefits provided by the Local and National Pension Funds shall be increased as a result of passage of Federal or State legislation mandating changes in funding and/or vesting requirements to maintain benefits at present levels, the contract will be reopened prior to the expiration date as agreed upon to negotiate only such changes as may be required to meet the requirements of the previously cited Federal and/or State legislation.
Sample 1
National Pension Plan. Commencing with the 1st day of May 2022 and for the duration of the cur- rent Collective Bargaining Agreement between said parties, and renewal or extensions thereof, the employer agrees to make payments to the Sheet Metal Workers’ National Pension Fund for each employee covered by the Collective Bargaining Agreement.
Sample 1
National Pension Plan. In accordance with Korean Law, all foreign workers employed by Korean businesses shall pay into the Korean National Pension Plan (50/50 split). Refund of the National Pension to a teacher who becomes a compulsorily insured Teacher, where the Pension Act of the teacher's home country provides the benefit corresponding to the lump-sum refund of the National Pension Plan, the lump-sum refund of this plan shall be paid to the foreigner according to Korean Law.
Sample 1

Related to National 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

  • 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.

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

Most Referenced Clauses

Most Referenced Definitions