PENSION AND 401(k Sample Clauses
The Pension and 401(k) clause outlines the employer's obligations regarding retirement benefits provided to employees. It typically specifies whether employees are eligible to participate in a pension plan, a 401(k) plan, or both, and may detail aspects such as employer matching contributions, vesting schedules, and enrollment procedures. This clause ensures that employees are informed about their retirement benefit options and clarifies the terms under which these benefits are provided, thereby promoting transparency and helping employees plan for their financial future.
PENSION AND 401(k. Pension and 401k benefits shall be provided to eligible employees in accordance with the terms set forth in Appendix A
PENSION AND 401(k. 22 Section 1. The Employer shall contribute to the I.A.M. National Pension Plan, the amounts 23 listed below for each hour paid up to a maximum of forty (40) hours per week. Per Hour January 1, 2015 January 1, 2016 January 1, 2017 January 1, 2018 January 1, 2019 $0.60 $0.80 $1.00 $1.20 $1.40 24 Section 2. Contributions for a new, part-time and full-time employee are payable commencing 25 on the first day of work.
PENSION AND 401(k. 401K – The Employer agrees to continue to match 25% of the employee contribution for employees who elect to contribute to the qualified plan.
PENSION AND 401(k. 22 A. The Employer shall contribute to the I.A.M. National Pension Fund, National Pension 23 Plan for each hour/day or portion thereof for which employees in all job classifications 24 covered by this Agreement are entitled to receive pay under this Agreement as follows: Per Hour Current $.15 January 1, 2014 $.30 April 1, 2014 $.50 April 1, 2015 $.75 25 If the employee is paid only for a portion of an hour/day, contributions will be made by 26 the Companies for the full hour/day.
27 B. The Companies shall continue contributions based on forty (40) hour work week while 28 an employee is off work due to paid vacations or paid holidays. The Companies shall 1 also make contributions whenever an employee received severance pay, vacation pay at 2 termination, or vacation pay in lieu of time off.
3 C. Contributions for a new, part-time and full-time employee are payable from the first day 4 of employment.
5 D. The I.A.M. Lodge and Employer adopt and agree to be bound by, and hereby assent to,
PENSION AND 401(k. It is understood and agreed that, in accordance with the terms and conditions of the applicable Plan as amended from time-to-time at the sole discretion of the American National Red Cross, eligible employees will be allowed to participate in the American National Red Cross Retirement System and the American National Red Cross 401(k)
PENSION AND 401(k. 12 Section 1. The Employer shall contribute to the I.A.M. National 13 Pension Plan, the amounts listed below for each hour paid up to a 14 maximum of forty (40) hours per week. Per Hour January 1, 2012 $0.25 November 9, 2012 $0.35 November 8, 2013 $0.45 November 8, 2014 $0.55
PENSION AND 401(k. It is understood and agreed that, in accordance with the terms and conditions of the applicable Plan as amended from time-to-time at the sole discretion of the American National Red Cross, eligible nurses will be allowed to participate in the American National Red Cross Retirement System and the American National Red Cross 401(k)