Pension and Health & Welfare Funding Sample Clauses

Pension and Health & Welfare Funding. (a) Pension contributions for all full-time employees shall be six hundred thirty-six dollars and forty cents ($636.40) five hundred and twenty-eight dollars and forty cents ($528.40) per week with increases as specified in this section.
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Pension and Health & Welfare Funding. Pension contributions for all full time employees shall be three hundred and ninety dollars ($390.00) per week with increases as specified in this section. The total Health & Welfare contribution for full-time employees and part time employees will be increased on August 1 of 2013 2018 and on each subsequent August 1st during the life of the contract as follows: August 1, 2013 2018 - fifty cents ($0.50) August 1, 2014 – 2019 fifty cents ($0.50) August 1, 2015 - 2020 fifty cents ($0.50) August 1, 2016 – 2021 (TBD-based on Central States’ Teamsters Local 705 cost) August 1, 2017- 2022 (TBD-based on Central States’ Teamsters Local 705 cost) The total Pension contribution for full-time employees will be increased on August 1 of 2013 2018 and on each subsequent August 1st during the life of the contract as follows: August 1, 2013- 2018 fifty cents ($0.50) eighty cents ($0.80) August 1, 2014- 2019 fifty cents ($0.50) eighty cents ($0.80) August 1, 2015- 2020 fifty cents ($0.50) eighty cents ($0.80) August 1, 2016- 2021 fifty cents ($0.50) eighty cents ($0.80) August 1, 2017- 2022 fifty cents ($0.50) eighty cents ($0.80) For those part-time employees who will be transitioning from a UPS sponsored medical plan to the Central States Health & Welfare Plan, the allocation for years 2013 through 2015 shall be fifty cents ($0.50) to UPS for health and welfare coverage through the CS H&W. Fifty cents ($0.50) shall be allocated for pension to UPS for those years. In years 2016 and 2017, UPS will retain for pension the differential between the increase to CS H&W and one dollar.

Related to Pension and Health & Welfare Funding

  • Health and Welfare Fund Pursuant to provisions contained in a pre­ vious Collective Bargaining Agreement, there has been established a Health and Welfare Fund known as the “ Retail Meat Cutter Unions and Employers Joint Health and Welfare Fund For The Chicago Area” ; said Fund is hereinafter referred to as the “ Health and Welfare Fund.”

  • HEALTH & WELFARE 16:1 The parties signatory hereto shall enter into a Health and Welfare Plan for which there is a Trust Agreement, known as the Line Construction Benefit Fund, for the purpose of providing insurance benefits for eligible employees and/or their dependents. Effective the first of the month following the signature date of this Agreement, the Employer shall pay to the Line Construction Benefit Fund the sum of $6.50 for each hour worked. Hours worked shall be deemed to include straight-time hours worked, overtime hours worked, and report time not worked. Remittance shall be forwarded to the place designated by the parties hereto on or before the fifteenth (15th) day of each month for each hour worked in weekly payroll periods ending during the preceding month, together with a monthly payroll report on a form to be furnished to the Employer. It is understood and intended by the parties to this Agreement that the purpose of this clause is to establish an Employer financed Health and Welfare Trust and that contributions thereto shall not be deemed to be wages to which any employee shall have any right other than the right to have such contributions paid over to the Trust fund in accordance herewith. Failure of an individual Employer to make all payments provided for, including liquidated damages for late payments, within the time specified, shall be a breach of this Agreement and will further require action by the Trustees as set forth in the Trust Agreement. Any increase in the required contributions set forth above will be paid equally (50% by the Employer and 50% by the Employee). The amount paid by the Employee will come from their NEAP contribution.

  • HEALTH AND WELFARE BENEFITS (Article 17 applies to full-time nurses only)

  • HEALTH AND WELFARE PLAN 16.01 The Employer agrees to pay the amount as set out in the Wage Schedules for all hours worked for each employee towards the Insurance Plan administered by the CLAC Health and Welfare Trust Fund.

  • HEALTH AND WELFARE 36.01 Health and welfare benefits shall be as contained in Appendix "A" of this Agreement and shall form part of this Agreement.

  • Health and Welfare Plans (a) A copy of the master contracts with the carriers for the extended health care, dental and group life plans shall be sent to the President of the Union.

  • Health Promotion and Health Education Both parties to this Agreement recognize the value and importance of health promotion and health education programs. Such programs can assist employees and their dependents to maintain and enhance their health, and to make appropriate use of the health care system. To work toward these goals:

  • HEALTH & WELFARE BENEFITS Executive shall be eligible to participate in all health and welfare benefits provided generally to other employees of the Company.

  • Health and Welfare Trust Fund Contingent upon the Fund being jointly and equally trusteed, the Employer shall contribute to the International Union of Operating Engineers Local 870 Health and Welfare Trust Fund in accordance with the attached Appendix A and forming part of this Agreement.

  • Extended Health Benefit Plan (a) All regular and probationary employees after three (3) months employment will be covered by a one hundred percent (100%) Extended Health Benefit Plan with the standard $100.00 deductible. The City will pay eighty percent (80%) of the costs and the twenty percent (20%) deduction for employees shall be made through payroll deductions. The extended health lifetime maximum will be $1,000,000.

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