Pension Committee. The Employer agrees to amend the Pension Plan outlined in the Collective Agreement between the CUPE Unions and the New Brunswick Board of Management to revise Article 15 (2) of the Pension Plan text so that the Pensions Committee shall consist of seven (7) members, three (3) of whom shall be appointed by the Canadian Union of Public Employees.
Pension Committee. 4.8.1 The “Pension Committee” consists of:
4.8.1.1 1 representative of OCADFA;
4.8.1.2 1 representative of OPSEU Local 576;
4.8.1.3 1 representative of the Administrative Managers and Exempt Staff;
Pension Committee. A representative of the Union will participate in the City-wide pension committee.
Pension Committee. The Company and the Union shall establish a Joint Committee on Pensions consisting of not more than members, half of whom shall be designated by the Company and half of whom shall be designated by the Union. Such Committee shall be furnished annually a report regarding the progress of the operation of the Pension Plan insofar as it affects the Employees. From time to time during the term of this Agreement such Committee shall be furnished such additional information as may be reasonably required for the purpose of enabling it to be properly informed concerning the operation of the Agreement insofar as it affects the Employees.
Pension Committee. The Union shall appoint a Pension Committee. It is agreed that the Union Pension Committee shall be supplied with: • Pension Plan statistics; • Periodic financial and actuarial reports on the Plan; • Verification of service credits. The Pension Agreement will provide for final settlement by an arbitrator, if necessary, if disputes arise within the Pension Plan.
Pension Committee. The parties agree to establish a committee to: • provide a forum for the discussion of Society issues and concerns related to the operations of the pension administration unit; • provide a forum for the discussion of contractual obligations (e.g. the introduction of new amendments to the plan, discussion of actuarial assumptions used for funding valuations); • provide the Society with information on pension related issues that may be of assistance in educating their members; • provide a forum to review valuations filed with FSCO or valuations to be used to trigger increased employee contributions and annual pension plan financial statements that have been approved by Hydro One. In order to fulfill its purpose, the committee members and resource persons will have access to reasonable pension plan and pension fund information, subject to the understanding that certain confidential information will not be available, and any confidential information that is supplied will be maintained in strict confidence by the committee/resource persons. The Committee will be comprised of two Society representatives and two Employer representatives. Each party shall have the right to have a reasonable number of resource persons attend the meeting. The Committee shall meet twice per year.
Pension Committee. Pursuant to The Pension Benefits Act and any applicable Regulation, two (2) employee representatives (one voting and one non-voting) appointed by the local Union shall participate in the Pension Committee in accordance with the terms of reference of that Committee. Union participation rights shall be altered in accordance with any amendments to The Pension Benefits Act and any applicable Regulation.
Pension Committee. The Company recognizes that it is the Pension Committee’s mandate to monitor the plan’s performance and explain how it works to the Cabin Attendants. Only one committee member is delegated to sit on the joint management-union Investment Plan Monitoring Committee. The Pension Committee members and the Company will meet as required, but at least once a year.
Pension Committee. The parties agree that issues relating to pension will be dealt with in the multipartite Pension committee. The parties agree on the principle that the companies' overall pension payments shall, on average, be the same for foreign employees as for Norwegian employees. The parties agree as follows: The total pension expenses for foreign employees in the current collective wage period shall amount to 15% of scale wages for the individual employee. The percentage is based on the estimated average cost for Norwegian employees, which currently comprises the premium to Seamen's pension, supplemental pension, the "age 62 scheme" and occupational pension. The employee/trade union representatives in the company shall participate in discussing the company's pension payments and investments in this connection. The parties note that this may sometimes raise extremely complex issues, both legally and financially, and recommend that the companies make use of advisers in this process. The parties agree that the fixed percentage rate shall cover all of the companies' costs associated with establishing and operating pension schemes for the foreign employees, including establishment costs, operating costs and any tax liability or lack of deductions on the company's part, viewed in relation to the Norwegian schemes.
Pension Committee. Although the terms of the Plan are clearly stated in this booklet, discussions may be advisable concerning:
(a) Eligibility of a member;
(b) Future service credited to a member;
(c) Past service credited to a member.
