PENSION AND BENEFITS. The University will provide eligible Sessional Academic Staff Members with employee Pension and Benefits in accordance with the provisions of this Article. Sessional Academic Staff Members shall be entitled to representation on the First Nations University Pension & Benefits Committee equal to that of other employee groups. Sessional Academic Staff Members who meet the eligibility criteria under the Saskatchewan Employment Act as of the date of ratification, annual earnings of at least 35% of YMPE, or 700 hours worked, in each of the two (2) consecutive calendar years immediately preceding membership, shall be required as a condition of employment, to participate in the University Pension Plan. The University may modify the Pension Plan following consultation with members. Pension contributions for both Parties increase to 7% the month following ratification and effective January 1, 2022, pension contributions for both Parties increase to 8%. (For clarity, members maintain eligibility unless they experience a break in service of thirteen (13) months or more.)
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
