– National Retirement Fund Sample Clauses

– National Retirement Fund. Effective January 1, 2009, the Employer shall become a participating employer of the National Retirement Fund (hereinafter called the “Fund”). The Employer agrees to be bound by the terms and conditions of the Fund as outlined in Appendix C. The Employer further agrees to become a party to the Agreement and Declaration of Trust dated January 14, 1949, as amended, which established the Fund as a jointly administered Union-Management trust fund to provide benefits (in accordance with a written pension plan incorporated herein by reference) for employees of Participating Employers, which term may include the Fund, the Union or subordinate organizations. The Employer further agrees and consents to the Employer-designated Trustees of said Fund to serve as such in accordance with the aforesaid Agreement and Declaration of Trust. The Employer shall contribute to the Fund, on or before the tenth of each month, covered by the collective bargaining agreement, as indicated below: Effective March 1, 2013 – 25 cents total per hour worked for each hour compensated for during all payroll weeks ending in the prior calendar month. The Employer shall be required to contribute for new employees beginning on the employee’s first anniversary. All contributions shall be payable to the Fund and shall be remitted to the office of the Fund. The Employer shall submit monthly, a list showing the names and Social Security numbers of all employees who are compensated by the Employer during the period covered, the number of hours worked or compensated, and the resulting contributions due (the “Contribution Report”). The Trustees may at any time have an audit made by a duly authorized representative of the payroll and wage and other relevant financial records of an Employer in connection with the said contributions and/or reports. In addition to any other remedies to which the Union or the Fund may be entitled, if the Employer (a) is in default in its contributions for one or more months; (b) is delinquent in submitting a Contribution Report to the Fund for one or more months; (c) refuses to permit the Fund to conduct an audit; or (d) is shown by an audit to owe contributions and/or Contribution Reports to the Fund, it shall pay to the Fund any unreported or delinquent contributions plus interest, retroactive to the due date, at a rate fixed by the Trustees. In addition, if the Fund commences an action to enforce its rights to collect contributions, obtain Contribution Reports, and/or c...

– National Retirement Fund it is that a National Retirement Fund be discussed for the purpose of administering the Retirement Fund across Canada and to, equalize payment to all the Canada.