Pension or Retirement Fund. Pre-Apprentices 0% of Journeyman 1st and 2nd term Apprentices 0% of Journeyman 3rd and 4th term Apprentices 25% of Journeyman 5th and 6th term Apprentices 50% of Journeyman 7th and 8th term Apprentices 75% of Journeyman Payments and remittance forms shall be due at the end of each month and not later than ten (10) days after the termination of the calendar month in which the hours are worked. Cheques may be post-dated the fifteenth (15th) of the month. There shall be a penalty of fifteen (15) percent per month for late remittances with a minimum of twenty-five ($25.00) dollars. The Employer shall include on the monthly remittance forms names, social insurance numbers and hours worked by each employee, together with such other information as may be required by the Pension Plan Trustees. 906 Duplicate Forms Duplicate report sheets for Health & Welfare and Pension to be supplied to the Local Union.
Pension or Retirement Fund. All full-time classified employees are automatically members of the Illinois Municipal Retirement Fund. Monthly contributions are withheld from salaries in a fixed and predetermined amount. Each employee received notice of any change in deduction at the time the amounts are determined by the Fund. Further information is available from the Business Office as to the exact operation of the Plan.
Pension or Retirement Fund
