National Pension Trust Fund. The undersigned Employer and Union represent that one of the trust agreements between the said parties regarding pensions or retirement for employees covered by the Collective Bargaining Agreement between the parties is as follows: Commencing with the 16th day of March, 1970, and for the duration of the current collective Bargaining Agreement between the said parties, and any renewals or extensions thereof, the Employer agrees to make payments to the Plumbers and Pipefitters National Pension Fund for each employee covered by the said Collective Bargaining Agreement, as follows: For each hour or portion thereof for which an employee receives pay, the Employer shall make a contribution of the amount called out in Zone I or Zone II Appendix A or Appendix B of the Collective Bargaining Agreement (Each overtime hour shall be counted as one regular hour for which contributions are payable.) For purposes of this Article, each hour paid for, including hours attributable to show up time and other hours for which pay is received by the employee in accordance with the Collective Bargaining Agreement, shall be counted as hours for which contributions are payable. Contributions shall be paid on behalf of any employee starting with the employee’s first day of employment in a job classification covered by the Collective Bargaining Agreement. This includes, but is not limited to, Apprentices. The payments to the Pension Fund required above shall be made to the “Plumbers and Pipefitters National Pension Fund” which was established under an Agreement and Declaration of Trusts, dated July 23, 1968. The Employer agrees to be bound by all of the terms and conditions of the Agreement and Declaration of Trust, a copy of which has been or will be signed by the Employer in the place provided at the end of such Agreement. Any Employer so adopting and becoming a party to this Agreement and Declaration of Trust thereby ratifies, accepts and designates as its representatives the Employer Trustees then serving as such and authorizes said Employer Trustees to designate additional Employer Trustees and successor Employer Trustees in accordance with the terms and conditions hereof. It is agreed that the Pension Plan adopted by the Trustees of the said Pension Fund shall at all times conform with the requirements of the Internal Revenue Code so as to enable the Employer at all times to treat contributions to the Pension Fund as a deduction for income tax purposes. It is agreed that all con...
